Direct Debit, What is it?

A Direct Debit is a financial transaction in which one person withdraws funds from another person’s bank account. The Direct Debit can only collect payments from (IBAN) private banking accounts.

Direct Debit therefor supports the payment methods SOFORT Banking and iDEAL.

This payment method gives you the possibility to collect funds from your customer bank account on a recurring basis. SEPA Direct Debit is a standard across Europe to collect funds from your customers by means of previous authorization.

Customers can withdraw this payment for 56 days, without giving a reason or you having a possibility to appeal.