SEPA-Direct Debit in Europe

SEPA makes Europe-wide direct debit payments simpler, quicker, and more secure.

SEPA makes it possible to tap into new revenue opportunities in markets in which credit cards will not suffice as the sole payment method or in which there are multiple country-specific payment procedures.

Key benefits of SEPA-Direct Debit:

• Tap into revenue opportunities throughout Europe

• Increase market shares

• Reduce costs through a standardized payment solution throughout the SEPA

• Increase the rate of turnover
  
  

Within the scope of the Single Euro Payments Area, the SEPA direct debit procedure offers a standardized national and international payment method within Europe. A uniform legal framework and a standardized Europe-wide procedure for SEPA payments make it possible to make cost-effective and secure payments.

With the SEPA direct debit procedure, the transaction is triggered by the retailer rather than the customer. To this end, the retailer requires a SEPA direct debit mandate from the customer. In issuing this mandate, the customer authorizes the retailer’s bank to debit an agreed amount from the customer account once or periodically and credit this to the retailer’s account.