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Accelerate your revenue with a new audience of customers throughout Germany - without friction or complexity.
The German economy is the fifth largest in the world and is the largest consumer market in the EU accounting for one-fifth of the EU GDP. Germany is the largest European trading partner of the U.S. and the sixth largest market for U.S. exports. Germany’s “social market” economy largely follows market principles, but with a considerable degree of government regulation and wide-ranging social welfare programs. Germany’s geographic location at the center of the EU make it a cornerstone around which many U.S. firms seek to build their European and worldwide expansion strategies.
Ecommerce sales are on the rise, with the COVID-19 pandemic forcing consumers to shop online, or to buy goods like groceries and medicines digitally for the first time. Retail ecommerce sales are expected to rise 16.2% in 2020 (total $92.3 billion compared to $79.5 billion in 2019).
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
The Onshore Advantage™
Go global, be local. The Onshore Advantage™ optimizes your authorizations and eliminates unexpected foreign transaction fees. Learn more.
PayPal or similar options account for 50% of online payments followed by invoice and debit or credit cards.
Germans traditionally prefer cash, but they have come around to electronic payments as a safe and secure way to pay during the Covid-19 pandemic. Deutsche Bank suggests that contactless card payments may have replaced a certain share of cash payments permanently in the country.
The list below represents the current categories of payment options Digital River supports for this market.
Cross-Border Fulfillment: Landed Cost is Available.
Calculation of duties and fees incurred when goods are shipped cross border.
In-Country Fulfillment: Leverage Digital River's industry leading suite of API's to utilize your existing fulfillment partner or select from one of our Pre-integrated Fulfillment Partners: