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Corporate News

SEPA DIRECT DEBIT LAUNCHED

Smart2PayTM, the company with the world's largest coverage of online alternative payment solutions, has recently increased and updated its payment offering to merchants with SEPA Direct Debit, the payment solution that covers the entire Single Euro Payments Area (SEPA).

Smart2PayTM is pleased to add SEPA Direct Debit to its payment portfolio, enabling Merchants to collect payments in Euro from domestic or cross-border Customer bank accounts throughout all of the 34 SEPA countries. The solution includes collecting funds for subscriptions / recurring payments and one off payments, from both individuals (Sepa Core Scheme) and companies (Sepa B2B Scheme). Smart2PayTM also offers acces to the BACS Scheme, for collecting funds in UK.

Emilian Padurariu, Product Manager of Smart2PayTM: "SEPA Direct Debit has been around for some time in the EU payments landscape, but we have always felt that it deserves more attention, where ease of collecting funds for the Merchants and Customers’ trust that their payments are handled in the right way come together. Smart2PayTM’s solution includes PSD compliant Emandates, fraud scoring and a direct debit process with retries, all for the goal of providing increased conversion while keeping the reversals ratio to a minimum."

About SEPA Direct Debit

SEPA Direct Debit is a payment method that is now fully deployed and operated in the Eurozone countries. It’s a pull-based payment method that allows a Creditor (i.e. a Merchant) to directly debit a Debtor’s (i.e. a Consumer) bank account, provided that a valid mandate has been signed by the Debtor to allow the merchant to withdraw money on his/her bank account.

About Smart2PayTM

Smart2PayTM is offering local payment services to international Merchants since 2002, covering more than 80 countries worldwide! By adding local payment methods to your ecommerce site, you will boost your sales significantly, by offering the preferred local method of payment to your Customers!