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What does SEPA Direct Debit (SDD) mean for consumers? V 1.3 1 SEPA for consumers in a nutshell What is SEPA? SEPA Single Euro Payments Area The Single Euro Payments Area (SEPA) is the area where citizens,
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SEPA Direct Debit is a payment method that allows you to pay for goods and services directly from your bank account.
Businesses and individuals who wish to collect payments from customers via SEPA Direct Debit must file.
To fill out SEPA Direct Debit, you need to provide your bank account details, the amount to be debited, and the authorization to debit the account.
The purpose of SEPA Direct Debit is to simplify cross-border euro payments and make them as easy as domestic payments.
The information reported on SEPA Direct Debit includes the payer's name, bank account number, payment amount, and payment date.
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