How Do I collect payments via Sepa Direct Debit?

Q: How Do I collect payments via Sepa Direct Debit?

SEPA Direct Debit allows your business to collect payments from customers’ accounts within the SEPA area, provided each customer has given you authorization (a mandate). It’s a convenient way to automate recurring or one-off collections. You navigate in the App to payments / Receive money/ Collect Direct Debits -> Your customer is informed prior the collection date -> Your business account is credited (up to 4 business days). Example: You as a small business owner use the SEPA Direct Debit In to collect subscription fees from German customers. A collection file is submitted via us to our payment provider (Adyen). On the due date, customers’ accounts are debited and by 4 business days your account is credited with the requested amount.

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Accepted Answer

SEPA Direct Debit allows your business to collect payments from customers’ accounts within the SEPA area, provided each customer has given you authorization (a mandate). It’s a convenient way to automate recurring or one-off collections. You navigate in the App to payments / Receive money/ Collect Direct Debits -> Your customer is informed prior the collection date -> Your business account is credited (up to 4 business days). Example:

You as a small business owner use the SEPA Direct Debit In to collect subscription fees from German customers. A collection file is submitted via us to our payment provider (Adyen). On the due date, customers’ accounts are debited and by 4 business days your account is credited with the requested amount.