Luckinbath offers various payment options for your fast and safe shopping experience.

In total, we offer 11 ways for you to pay for your order:

Stripe – Credit Card

Stripe  iDEAL 

Stripe – Bancontact 

Stripe  SOFORT 

Stripe – Giropay

Stripe  EPS 

Stripe  P24 

Stripe – Multibanco

Stripe – SEPA direct payment

PayPal

Bank Transfer

 

Following please find the detailed introduction for each payment methods, or simply go to Stripe Payment Methods Guide:

Stripe – Credit Card

Cards (Visa, Mastercard, American Express, Discover, Diners Club, JCB) are a dominant payment method globally. Credit cards are issued by banks and allow customers to borrow money with a promise to pay it back within a grace period to avoid extra fees. Consumers can accrue a continuing balance of debt, subject to being charged interest on the amount. Debit cards offer the convenience of card payments but are linked to a bank account, where funds are drawn directly from the linked account at the time of payment.

Visa and Mastercard are the largest card networks in the world. Both function exclusively as payment processing systems and do not issue cards to consumers directly. Instead, they allow banks and financial institutions to brand and distribute their cards. American Express is also a payment processing system that—unlike Visa and Mastercard—issues its own cards directly to consumers. American Express is generally adapted to high value shoppers, as the average cardholder spend is higher than Visa or Mastercard cardholders.

Stripe  iDEAL 

iDEAL is a Netherlands-based payment method that allows customers to complete transactions online using their bank credentials. All major Dutch banks are members of Currence, the scheme that operates iDEAL, making it the most popular online payment method in the Netherlands with a share of online payments close to 55%.

In order to pay with iDEAL, customers are redirected to their online banking environment where they can authenticate the payment using a second factor of authentication. The exact experience customers go through will depend on their bank. While the iDEAL payment flow may not appear seamless to some businesses discovering it, it is well understood and appreciated by Dutch customers. Payments are irrevocable and immediately confirmed, two strong value propositions of iDEAL for businesses.

While iDEAL payments are single-use, subsequent recurring payments can be completed via SEPA Direct Debit transactions.

Stripe – Bancontact 

Bancontact, founded in 1979 and formerly know as Bancontact/Mister Cash, is a leading payment method in Belgium, where it is used in up to a third of online transactions. Bancontact payments are authenticated by customers and immediately confirmed to businesses. Bancontact is offered as a payment option by more than 80% of online businesses in Belgium, and processed more than 27 million payments in 2015.

In 2014, Bancontact introduced a mobile application to streamline its payment experience. Using their mobile app, customers can identify by scanning a QR code presented at the time of payment. Each transaction is then confirmed with a PIN. The app has seen a successful rollout and is used in more than 50% of transactions on desktop, and 90% of transactions on a mobile or tablet device Ecommerce and on-demand platforms are businesses for which Bancontact is an adapted checkout option.

While Bancontact payment details are single-use, each transaction can allow businesses to retrieve the bank account details of customers, enabling subsequent payments to be completed via SEPA Direct Debit with the appropriate mandate authorization.

Stripe  SOFORT 

SOFORT is a bank transfer-based payment method with significant market share in Germany and Austria. In order to pay with SOFORT, customers are redirected to SOFORT’s site where they enter their bank login credentials. Upon authentication, SOFORT initiates a bank credit transfer from their bank account.

One important detail for businesses to realize is that although successful authorization indicates a very high likelihood of payment, funds are not guaranteed to businesses until they are actually received, which is typically 2 business days later (but can be up to 14 days later). Once received, payments cannot be reversed except by Business-initiated refunds. For the sale of low value or high margin items, businesses typically consider the initial authorization to be authoritative and do not wait for the receipt of funds.

Stripe – Giropay

Giropay is a German payment method based on online banking and introduced in 2006. It allows customers of most Sparkassen and cooperative banks in Germany to complete transactions online using their online banking environment, with funds debited from their bank account. Depending on their bank, customers confirm payments on Giropay using a second factor authentication or a PIN. Payments are immediately confirmed to the business and irrevocable.

Giropay accounts for just under 10% of online checkouts in Germany, and is suited to business models that require the funds to be guaranteed.

Stripe  EPS 

EPS is an Austrian online transfer payment method with ~18% market share. It’s accepted by ~80% of all online businesses in Austria and was developed jointly by the Austrian banks and Government. The payment flow closely resembles that of iDEAL or Giropay.

At checkout, the customer chooses EPS, selects the name of their bank, and logs into their online banking environment. They review the pre-populated payment details, and authorize the payment. It provides a payment guarantee for businesses.

Stripe  P24 

Przelewy24 (P24) is a Polish payment method that facilitates the transfer of funds between businesses and all major Polish banks. Przelewy24 allows consumers to pay for internet-based transactions using direct online transfers from their bank account.

In order to pay with Przelewy24, customers are redirected to an online environment where they can authenticate their payment by logging into their bank’s site. For the majority of banks, destination details (Przelewy24’s bank account) are pre-populated, though in some cases the consumer has to enter details manually. Upon successful authentication, funds are guaranteed. A business-initiated refund is the only mechanism available to reverse funds.

Stripe – Multibanco

Multibanco is an interbank network in Portugal owned and operated by Sociedade Interbancária de Serviços S.A. (SIBS) that links the ATMs of 27 banks in Portugal. Initially, when it was started in 1985, Multibanco allowed customers to pay businesses through their ATM. Now, customers can pay through either their ATM or through online banking.

In order to process a payment, the business provides the customer a page that has the Entity Number, Reference, Amount and a button allowing them to return to the business’s site. The customer then initiates a payment with these details by separately either paying via online banking with their Multibanco details or from an ATM.

Multibanco is a push-based method (as the customer sends the funds) and synchronous because charges created with chargeable Multibanco sources should succeed immediately. However, Multibanco sources will be pending until Stripe receives funds, which in some cases may take up to a few days depending on how and when the customer chooses to complete the transaction.

Stripe – SEPA direct payment

The Single Euro Payments Area (SEPA) is an initiative of the European Union to simplify payments within and across member countries. They established and enforced banking standards to allow for the direct debiting of every EURO-denominated bank account within the SEPA region.

In order to debit an account, businesses must collect their customer’s name and bank account number in IBAN format. As part of their payment confirmation, customers must accept a mandate that gives the business an authorization to debit the account. Stripe is able to generate this mandate for businesses to present to their customers.

Customers are able to dispute a SEPA Direct Debit transaction within 8 weeks on a “no questions asked” basis: funds will automatically be returned to them. Beyond that point and over the following eleven months, they are still able to dispute transactions that were not backed by an appropriately authorized mandate. During that period, the arbitration process involves both the bank of the creditor (business) and the customer (debtor). After 13 months, disputes are no longer possible.

SEPA Direct Debit is an important method for any business interested in recurring billing.