SEPA (Single Euro Payments Area) Direct Debit was introduced by the European Payments Council to create a standardized payments infrastructure within the EU. With SEPA Direct Debit, businesses can process one-off or recurring payments for EU customers, making it a key payment method for businesses looking to expand across Europe. Benefits include:
Shopper selects SEPA DD from the list of payment options.
Shopper provides the account holder name and IBAN.
Shopper can review and confirm the payment.
Shopper chooses SEPA Direct Debit from the list of payment methods.
Shopper provides account holder name and IBAN.
As a final step the shopper needs to agree with the digital signature in order to submit the payment.
With Adyen's integration of SEPA, businesses can create recurring contracts for one or more payments linked to a unique shopper.