SEPA Direct Debit

SEPA Direct Debit (SDD) is a widely used payment method in the eurozone. Everyone with a EURO account with an IBAN number can use SDDs.

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Characteristics

• Wide range in the eurozone
• Low price
• Option of recurring direct debits
• Recurring direct debits possible without consumer input
• Ideal to combine with our Credit Management module
• Non-guaranteed payment method due to the risk of reversals of payment and Report Unjustified Direct Debit (MOI)
• Only available for consumers with a Euro account