More Payment Methods

SEPA Debit

Cards

An EU initiative, SEPA (Single European Payments Area), harmonises direct debit payments across all relevant eurozone markets. This guarantees consumers the same level of security, convenience and ease when making payments across 36 countries. All SEPA Banks that offer Euro-denominated direct debits are covered, and because it is a regulated payment method, prices remain constant for merchants, no matter where they are located. Consumers make payments by completing a direct debit mandate provided by the merchant, including their BIC and IBAN ( the unique identier for the consumer's bank, branch and account)

SEPA Debit

Features

  • Coverage Area
    Customer
    SEPA region
    Merchant
    Global
  • Channel
    Online
  • Currency
    Consumer Currency
    EUR
    Processing Currency
    EUR
    Settlement Currency
    EUR
  • Transaction
    Minimum Limit
    EUR 0.10
    Maximum Limit
    EUR 1,000 / tx
    Payment Timeout
    1 hour
  • Feature
    Scheduled Payment
    yes
    One-click Payment
    no
    Refunds
    yes
    Partial Refunds
    yes
    Multiple Partial Refunds
    yes
    Payment Guarantee
    yes
    Refund Risk
    yes

Why ChooseSEPA Debit？

  • By accepting SEPA direct debit, merchants can achieve high conversion rates, control cash flow by collecting payments when they want, ensure consumers pay on time, and reduce admin complexity with PPRO's fully managed service.

    By accepting SEPA direct debit, merchants can achieve high conversion rates, control cash flow by collecting payments when they want, ensure consumers pay on time, and reduce admin complexity with PPRO's fully managed service.

  • More than 529 million citizens live in SEPA markets and make 20 billion direct debit bank transfer payments a year.

    More than 529 million citizens live in SEPA markets and make 20 billion direct debit bank transfer payments a year.

  • Merchants are able to boost subscription revenue using one of the most recognized payment methods in the eurozone, and consumers don't have to worry about missing a payment deadline and incurring charges or not receiving goods/services.

    Merchants are able to boost subscription revenue using one of the most recognized payment methods in the eurozone, and consumers don't have to worry about missing a payment deadline and incurring charges or not receiving goods/services.

How It Works?

  • At online checkout, the consumer chooses SEPA as the preferred payment method.
    Merchant

    01

    At online checkout, the consumer chooses SEPA as the preferred payment method.

  • The consumer enters an IBAN/BIC and authorises a direct debit mandate.
    Payment Methods

    02

    The consumer enters an IBAN/BIC and authorises a direct debit mandate.

  • The consumer receives a notification of funds withdrawal.
    Payment Methods

    03

    The consumer receives a notification of funds withdrawal.

  • Payment is confirmed.
    Merchant

    04

    Payment is confirmed.

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