Certified payment providers 9
Market coverage 32
["\u00c5land Islands","Andorra","Austria","Belgium","Cyprus","Estonia","Finland","France","French Guiana","Germany","Greece","Guadeloupe","Ireland","Italy","Latvia","Lithuania","Luxembourg","Malta","Martinique","Mayotte","Monaco","Netherlands","Portugal","R\u00e9union","Saint Barth\u00e9lemy","Saint Martin","Saint Pierre and Miquelon","San Marino","Slovakia","Slovenia","Spain","Vatican City"]
Belgium
Åland Islands- Andorra
- Austria
- Belgium
- Cyprus
- Estonia
- Finland
- France
- French Guiana
- Germany
- Greece
- Guadeloupe
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Martinique
- Mayotte
- Monaco
- Netherlands
- Portugal
- Réunion
- Saint Barthélemy
- Saint Martin
- Saint Pierre and Miquelon
- San Marino
- Slovakia
- Slovenia
- Spain
- Vatican City
Currencies 1
- Euro
Description
SEPA Direct Debit is a standardized payment method that allows businesses to process one-off or recurring payments for customers in European Union countries. It is a product that allows payments to be made based on a mandate given by the payer. Direct debits can be made from any domestic account to any payee participating in SEPA countries, providing a hassle-free payment method for consumers while offering them protection against unauthorized debiting.
SEPA Direct Debit is the default scheme for direct debits in SEPA countries and is based on the use of the International Bank Account Number (IBAN). SEPA is a European regulatory initiative aimed at creating a standard format for processing transactions across 33 markets in Europe. It was introduced to provide a uniform payment landscape in Europe, following the introduction of the single European currency, the Euro, in 2002.
SEPA eliminates differences in national rules and formats of transaction processing, making intra-European payments as convenient as domestic payments. Direct Debits are commonly used for recurring payments, making them ideal for monthly subscriptions in industries such as gaming and publishing. In recent years, Direct Debits have also become popular for one-time purchases.
