SEPA Direct Debit

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Due to its ease of use, paying by direct debit is another very popular payment method among German online shoppers.

Description

SEPA Direct Debit is a payment method that allows seller to collect payments from buyers directly from their bank account via their IBAN, who have granted them permission to do so.

Process in a nutshell

• Buyer decides to to pay via "SEPA Direct Debit"
• Seller sends a PAYMENT_REQUEST / Authorize transaction request to Ratepay with the buyer-, SEPA bank-, shopping basket- & payment data
• Ratepay responds, if this transaction has been accepted or rejected
• In case of a...
  • rejection, the reason should be shown & the buyer should choose another payment method
  • acceptance, the seller should inform the buyer about the successful transaction
• When the seller sends the goods, a CONFIRMATION_DELIVER / Capture transaction request must be sent to Ratepay.
  • This starts the contractually agreed time for the payout to the seller & the claim will be transfered to Ratepay,
  • an invoice should be sent to the buyer &
  • a withdrawal from the buyer's bank account takes place after the agreed time.