When you're offering software globally It's crucial to give your customers the payment methods that are familiar andconvenient for buyers. It will lessen friction throughout the purchasing process. This leads to an increase in revenue and customer acquisition.

helps sellers across the world with a wide range of payment methods. One method of payment that are among the most widely used in the European Union -- is SEPA Direct Debit. This method not only helps make payments easier across borders within the EU in addition, it helps in decreasing the possibility of transactions that fail.

Alongside the recently launched SEPA Direct Debit capabilities, sellers are now able to not only collect payments within the SEPA area, but be able to access chargeback management as well and offer refunds through the application.

What Is SEPA Direct Debit and how can it be used?

SEPA (Single European payments Area) is a network of transactions implemented within the EU and a few surrounding countries which allows businesses as well as consumers to make a cash-free payment via credit transfer and/or direct debits from any place in the SEPA region.

Anyone in the SEPA zone can make direct debits that are in Euros -- no matter what currency your local bank account is in. It makes the process easier and lowers costs due with trans-border transactions.

When using SEPA Direct Debit, also known as SEPA Direct Debit payments buyers are able to transfer money through a bank-tobank transaction, which is identical to ACH (Automated clearing house) within North America. The standard timeframe for clearing takes 2-5 days. It allows easy, unobtrusive payment for businesses as well as customers.

Why should I use SEPA Direct Debit?

Since SEPA provides services to over 529 million citizens, any business seeking to expand their reach should not be hesitant to offer SEPA transactions to prospective customers.

For SEPA Direct Debit  the seller, they need to type an inquiry on the help portal following which, within two working days the transaction will be accessible on their site.

The method of collecting money from the customer is just like other transactions. Customers will be able to make use of SEPA Direct Debit will be visible if they live in one of these areas which are described in our document. The customer selects the method of payment and then enter their details, and then are able to make their transaction.

It's not difficult to set up SEPA Direct Debit through the seller portal. It also offers a variety of benefits for sellers who want to grow their businesses into international markets:

• Broader reach to more than 5 million potential customers across the EU.
• Conversion rate increased by making shopping more convenient for European clients, as less than a quarter of European consumers are using credit card.
• The decrease in the number of failures to pay is because of the bank-to-bank connection that is made to SEPA Direct Debit.
• Better retention due to the removal of failures to pay due to credit card expiry or cancellation.

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