Girocard payment guarantee
A payment guarantee generally ensures that the seller receives the money safely from the buyer. With regard to payment by girocard / EC card, such a payment guarantee is always given if the payment is confirmed by the customer by entering the PIN, and the German Banking Industry guarantees a 7-day payment guarantee. The transaction data must be received and processed by the bank within this period. Exceeding the deadline does not automatically mean that all payments are lost, but the risk of transactions that can no longer be booked, e.g. due to insufficient funds, account closure, etc., is transferred to the creditor.