The statement reads: SEPA Direct Debit Payments Refresh SEPA Direct Debit Payments Refresh

May 6, 2023

In the event that you're selling software worldwide It's essential that you offer the customers options for payment that can be accepted andconvenient for buyers. The less friction you experience when buying. This leads to increased customer satisfaction and sales.

helps sellers across the world with a range of payment methods. One of the payment methods that is frequently used by sellers in that is used extensively within the European Union -- is SEPA Direct Debit. This technique does more than allow for payments to people who are traveling outside of the EU as well, but it also reduces the possibility of a transaction failing.

With the latest announcement of SEPA Direct Debit capability, retailers are now able to accept payment that are not restricted to the SEPA region but they can also use chargeback management and provide refunds via the app.

What do you mean by SEPA Direct Debit? How can I make use of it?

SEPA (Single European payments Area) is a collection of payments that have been implemented throughout the EU and several other countries. It allows businesses and customers to use cashless payments via credit transfer or direct debit at any time within the SEPA region.

Anyone who lives in the SEPA zone is eligible to conduct direct debits made in Euros regardless of what country the local bank's accounts are located in. This facilitates the process and less expensive. is associated with international transactions.

 checkout screen showing SEPA direct debit payments options

With SEPA Direct Debit, also called SEPA Direct Debit payments buyers can transfer money through a bank-tobank transfer. This is similar to ATM (Automated clearinghouse) located in North America. The average time to clear is between two and five days. It facilitates simple, discreet transactions for both business and clients.

What are the reasons I should choose SEPA Direct Debit?

SEPA is a service that SEPA offers services to over 529 million citizens as well as companies that want to extend their reach must not be afraid to present SEPA transactions to customers who are curious about SEPA.

In order to make SEPA Direct Debit the seller has to submit an enquiry through the help portal and, within two days the transaction will be available on their site.

The process of getting cash from clients is similar to any other transaction. Clients will take advantage of SEPA Direct Debit. The system will let customers determine if they live in one of the areas as explained in our documents. The user selects the payment method for payment, and then enters their personal information. After that, they are able to complete the payment.

 checkout screen with price and SEPA direct debit payment information

It is easy to set up SEPA Direct Debit by using the official website for this company. Additionally, it offers numerous benefits for sellers looking to grow their business into international markets.

  • Greater reach and coverage to the potential client base of 5 million within the EU.
  • The conversion rate was increased in order to facilitate shopping for European shoppers, considering that less than one quarter of European customers are using the credit card.
  • The decrease in number of failed payments is due to the bank-to-bank connection that is created by SEPA Direct Debit.
  • Retention is higher because you're skilled in processing payments because of expiry of credit card, or cancellation.

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