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Raiffeisen

#Bank Transfer#Installments

Raiffeisen is one of the largest cooperative banks in Austria and offers several payment methods to its customers. Here is some information about the common payment methods used by […]

Certified payment providers 1
Market coverage 1
  • Austria
Currencies 1
  • Euro
Description

Raiffeisen is one of the largest cooperative banks in Austria and offers several payment methods to its customers. Here is some information about the common payment methods used by Raiffeisen in Austria:

– Bank transfers: Bank transfers are a common way to transfer funds from one Raiffeisen account to another bank account in Austria or abroad. Raiffeisen customers can make transfers using online banking services, ATMs, or by visiting a Raiffeisen branch.
– Debit cards: Raiffeisen provides debit cards to customers for online payments or in-store purchases. Raiffeisen debit cards are typically linked to the customer’s current account and allow cash withdrawals at ATMs.
– Credit cards: In addition to debit cards, Raiffeisen also offers credit cards that allow customers to make purchases and have deferred payments. Credit cards may offer additional benefits such as rewards, travel insurance, etc.
– Mobile payments: Raiffeisen also supports mobile payments through popular payment apps like Apple Pay, Google Pay, and Samsung Pay. Customers can link their Raiffeisen debit or credit cards to these apps and make payments using their smartphone or smartwatch.
– Automatic direct debits: Raiffeisen allows customers to set up automatic direct debits to pay their recurring bills such as electricity, gas, phone bills, etc. This facilitates regular bill payments without the need to manually settle them each time.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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