SEPA Direct Debit
SEPA (Single European Payments Area) is an EU initiative to harmonise direct debit payments across all relevant eurozone markets: ensuring consumers experience the same security, ease and convenience when making payments across 36 countries.
Introduced in 2009 for direct debit, the payment method requires an IBAN as the unique identifier for the consumer’s bank, branch and account.
All SEPA Banks offering Euro-denominated direct debits are included and as a regulated payment method, prices remain the same for merchants, regardless of country. Consumers make payments by completing a direct debit mandate provided by the merchant including their BIC and IBAN.
With SEPA, consumers experience the same ease and convenience when making payments across Europe as they do when paying within their home country.
Why SEPA Direct Debit
E-commerce and payments insights by country
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