Compliance And Recurring Articles

Choosing SEPA Payment Rails for Platform Compliance and Recurring Billing

A platform collecting a monthly service fee needs a different payment instruction from a platform paying a contractor. SEPA Direct Debit pulls a permitted collection from the payer’s account under a mandate. SEPA Credit Transfer and SEPA Instant Credit Transfer are payer-initiated transfers. A recurring schedule does not by itself make a payment a direct debit: a customer can also pay regularly by standing order or another authorized transfer.