SEPA Direct Debit
SEPA (Single Euro Payments Area) Direct Debit was introduced by the European Payments Council to create a standardised payments infrastructure within the E.U. With SEPA Direct Debit, businesses can process one-off or recurring payments for E.U. customers, making it a key payment method for businesses looking to expand across Europe.
How it works
- Shopper proceeds to checkout
- Shopper selects SEPA DD from the list of payment options
- Shopper provides the account holder name and IBAN
- Payment complete
|Payment type||Direct debit|
|Available in||Europe||Slovakia, Finland, France, Portugal, Ireland, Austria, The Baltics, Italy, Spain, Belgium, Netherlands, Germany|
|Multiple partial refunds|
|Multiple partial captures|
|Local entity required|
|Sales day payout|
|Settlement delay||2 days|
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