Single European Payment Area (SEPA) Direct Debit is a cross border Direct Debit solution operating across 34 countries.
It is a European solution for euro denominated collections by Direct Debit and operates on the basis of shared rules, processes, service levels and time frames.
Quick and secure payment
Using SEPA Direct Debit allows the amount of a cross border invoice to be claimed directly from your customer's account into your own Euro currency business account. Both the customer and your business benefit from quick, secure, cross border payments. In addition, you can significantly reduce the administration connected with manual collections and incoming payments.
Better cash management
With an immediate overview of incoming and outstanding payments, your reminder procedures can be streamlined. And as you decide the payment date, subject to agreement with your customer, you also have a better overview of your cash position
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