SEPA
Direct Debit
A frictionless payment experience
SEPA Direct Debit is a popular and standardized payment method within the EU and a few other European countries. With SEPA Direct Debit, companies can process recurring payments for European consumers and businesses, making it a common way for companies to get paid locally and across borders in Europe.
Accepted in 35 European countries & territories
Cheaper than credit card processing
A payment method loved by consumers
Improve your cashflow. Get paid faster.
Avoid chasing customers for late payments. SEPA Direct Debit is a convenient, pull payment method. Clients provide you with a mandate that allows you to directly charge their bank account as long as you notify them beforehand.
Retain more of your customers.
Up to 30% of your churn may be involuntary resulting in lost revenue. Involuntary churn happens when payments fail and otherwise happy customers lose access to your product or service. Avoid this with SEPA Direct Debits.
Adapt to your market.
SEPA Direct Debit is an increasingly popular payment method with over 21,000 million transactions happening in Europe in 2019 alone. Offering this payment method provides your customers with an automatic way to pay you that does not require their time.
Invoice Payments.
If you are a medium-sized Legal firm, Insurance agency, or a Property Management company, SEPA Direct Debit is an excellent way for your business to collect regular payments from your customers while reducing the probability of late or failed payments.
Subscription Payments.
SEPA Direct Debit fees are lower than credit card processing fees making this an ideal method to use to charge your clients who are subscribed to your service. If you sell packaged services or SaaS products, SEPA Direct Debit is a convenient payment method for your business.
FAQ
FinXP has been processing SEPA Direct Debit transactions since 2015 and is nowadays an established and trusted service payment service provider with clients from various European countries across several industries. One of the main reasons our clients like the work with us is due to our very competitive transaction fees which are lower than the SEPA-DD charges offered by most banks.
Our simple and transparent approach to pricing makes it easy for you to have an accurate idea of your investment. Please contact us and we will provide you with further details.
A SEPA Direct Debit mandate is an authorization that is given by a client to the merchant, that gives permission to the latter to request money from the customer’s bank account, and gives permission to the customer’s bank to release the requested money to the merchant. Merchants must get mandates from their customers according to SEPA rules.
SEPA stands for Single Euro Payments Area. There are 36 countries within SEPA. These are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Andorra, Monaco, San Marino, Switzerland, United Kingdom and the Vatican City State. The following non-EEA territories are also included: Mayotte, Saint-Pierre-et-Miquelon, Guernsey, Jersey and Isle of Man.
