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Great idea!

This is basically already how online shopping with SEPA works in Germany. You place an order, type in billing data, they do a pre-authorization, and you get an instant "order confirmation". But the money is debited from your bank account only AFTER the vendor has sent out your parcel containing the goods.

Plus, Lufthansa, the main airline for business travel, has been offering exactly this PAYF model for more than a year now. So they are suggesting to enshrine in law what some companies already negotiated privately.




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