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The Single Euro Payments Area (SEPA) will allow customers to make Euro payments throughout Europe as easily, securely and efficiently as they do today within their own countries. SEPA will enable these customers to make cashless euro payments to anyone located anywhere in the SEPA area, using a single bank account and a single set of payment instruments.


If you do business in Europe, it might make good business sense to consider getting paid by SEPA Direct Debits – this exciting new payment option can help you reduce missed payments and collect funds faster; thereby improving cash flow!


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Steps

  1. Reduce Missed Payments and Collect Faster with SEPA Direct Debits Step 1.jpg
    1
    Think about the countries you want to business in (not just the countries you currently do business in). SEPA offers real opportunities for expansion - it covers 33 countries in Europe, which means you could be able to reach a staggering 500 million consumers!
  2. Reduce Missed Payments and Collect Faster with SEPA Direct Debits Step 2.jpg
    2
    Research the preferred payment methods. Be sure to examine the countries you’re thinking of doing business in – the popularity of direct debits varies!
  3. Reduce Missed Payments and Collect Faster with SEPA Direct Debits Step 3.jpg
    3
    Find a suitable payment provider. You'll want one that offers a fully compliant SEPA payment solution, incorporating direct debits.
  4. Reduce Missed Payments and Collect Faster with SEPA Direct Debits Step 4.jpg
    4
    Sign-up. Get SEPA-ready and start enjoying the benefits of taking SEPA direct debit payments throughout the Eurozone!


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Tips

  • The SEPA (Single Euro Payments Area) deadline extension to August 2014 was granted by The European Commission.

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Categories: Stub | Finance and Business

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