Particularly popular in Western Europe, SEPA Direct Debit is an online payment option that allows both national and cross-border European payments to be processed as domestic transactions within the Single European Payments Area (SEPA). SEPA Direct Debit payments ensure that your software is immediately delivered to the customer and recurring billing of subscription-metrics occurs automatically.
Cleverbridge processes two types of SEPA direct debits, each initiated through a mandate provided by the customer:
Based on the nature of the purchase and the specific subscription type, we can divide SEPA Direct Debits into these three categories: