Payments

The New European Way to Pay -- An Analysis of SEPA Direct Debit and its Risks

Franz Guttenberger - Omniga

Presentation

Single Euro Payments Area (SEPA) Direct Debit is a European direct debit system which enables merchants to collect payments denominated in Euros from bank accounts in a total of 34 SEPA countries and associated territories. After a brief look at top SEPA direct debit countries, this presentation describes how settlement works, the pre-notification process, and country-specific mandate types. Fees and costs are covered next, followed by ways merchants may set up direct debit and best practices merchants can use to accept SEPA direct debit payments.

The New European Way to Pay -- An Analysis of SEPA Direct Debit and its Risks

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