As the regulators free up payment systems, don’t forget that it is not only banks that can offer SEPA Direct Debit services. They are increasingly being offered by Payment Service Providers. The latest example is eMerchantPay, a global payment service provider with four offices in Europe as well offices world-wide, who now offer merchants a SEPA Direct Debit service in their range of European e-commerce solutions.
SEPA Direct Debit Solution
The SEPA Direct Debit Solution allows merchants to collect euro-denominated payments from accounts in all European Economic Area countries. Like any other direct debit scheme, the SEPA Direct Debit Solution is based on the concept that the merchant requests money from the customer and, with the customer’s approval (mandate), debits the customer’s account. Direct debit requires both the merchant and the customer to hold a bank account within the SEPA region. The bank accounts may be held in euro or any other SEPA currency, but the actual transfer of funds always takes place in euro.
eMerchantPay’s SEPA Direct Debit Solution covers the following sectors:
- digital goods
- physical goods
- subscription-based services
- debt collecting services
Since 2002 eMerchantPay has been providing international online, mobile and POS payment processing services to merchants across the globe. eMerchantPay’s fraud prevention services and payment processing solutions operate in more than 150 currencies and many languages catering for businesses of all types and sizes.
CTMfile take: The PSP’s are starting to offer comprehensive ranges of payment services and which are often significantly cheaper than some bank services. Might be worth a look?
Like this item? Get our Weekly Update newsletter. Subscribe today