SEPA: PAYMENT BY DIRECT DEBIT

SEPA (Single Euro Payments Area), also called SEPA Direct Debit (SDD), is a payment-integration initiative of the European Union for simplification of payments denominated in euro (via credit transfers, direct debits and credit cards) for all European countries.

The creditor (merchant) proposes this payment method to the debtor (buyer) in order to automatically process recurring and one-off invoices.

SEPA Direct Debit is based on the SEPA Direct Debit Mandate.