ELV
ELV is a payment method that is available only to people living in Germany. It stands for ‘Elektronisches Lastschriftverfahren’, which is German for ‘electronic debit procedure’. It’s mainly used by people who don’t have a credit card and works in a similar way to direct debit. For example, when making payments, users provide the payee with their German bank account number and their authorisation information; the payee then debits the money from the user’s account.
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ELV Casino Payment Method
When using this payment method at online casinos, a number of checks are carried out to ensure that the payment goes smoothly and that the user’s personal and banking details aren’t compromised in any way. ELV can be used at several different online casinos that accept German players, such as ComeOn Casino, Cruise Casino, MrGreen Casino and Casino Luck.
Once a company has received the user’s account information, they often outsource the actual transaction itself to a third-party payment processor.