eMerchantPay, the trusted and experienced payment service provider, is now able to offer merchants a SEPA Direct Debit Solution. Following the inception of SEPA’s guidelines, eMerchantPay now offers the SEPA Direct Debit Solution to increase conversion and reduce transaction fees in European e-commerce.
SEPA (Single Euro Payment Area)
SEPA is a European regulatory initiative to create a standard format for processing transactions across 35 countries in Europe.
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 caters to the following verticals:
- Digital goods
- Physical goods
- Subscription-based services
- Debt collecting services
eMerchantPay is an established payment service provider that provides international online, mobile and POS payment processing services to merchants across the globe. eMerchantPay’s fraud prevention services and payment processing solutions enable merchants to increase their conversion rates, expand their customer reach and prevent fraud. Innovative payment solutions, processing in more than 150 currencies and various languages, plus dedicated account managers providing personal service make eMerchantPay a knowledgeable specialist and an innovative partner for businesses of all types and sizes.