Sepa Business-To-Business Direct Debit Mandate: Fill & Download for Free

Actually, Stanislas Polu (one of Software Engineers of the company) wrote in the official blog of the organization that now they work with 5 new European payments methods: Bancontact, GiroPay, SOFORT, iDeal and SEPA Direct Debit, and how, any European business can activate 3D Secure for their clients.In the case of SEPA Direct Debit, they put this in their docs:Stripe users in Europe can use Sources—a single integration path for creating payments using any supported method—to accept SEPA Direct Debit payments from customers in countries within the Single Euro Payments Area.During the payment process, your integration collects your customer’s EUR-denominated IBAN bank account information. SEPA Direct Debits require the bank account holder to accept a mandate (debit authorization) that allows you to debit their account. A Source object is then created and your integration uses this to make a charge request and complete the payment.Within the scope of Sources, SEPA Direct Debit is a pull-based, asynchronous method of payment. This means that you take action to debit the amount from the customer’s account. It can take up to 14 business days to confirm the success or failure of a payment.BTW, if you have any comment, question or problem with this, Stanislas let his email in the post: [email protected]

SEPA (Single Euro Payment Area) is a group of countries which shares the same bank clearing and payment/transfer system.A Direct Debit instruction (also called mandate) would automatically take an amount up to one business day and add it to your PayPal account. Remember that you must have sufficient funds or an overdraft protection in your bank account to correctly process the transfer.You should enter your IBAN number on PayPal website. Several deposits will be made into your account and you must enter the amounts deposited on the website; so PayPal can confirm your identity and bank account credentials. You can always check those amounts with the Online Banking platform of your financial institution.

So let me get this straight:You are a business. Or at least starting one.You are looking for a business to provide a service to you (payment processing).You do not want this business to charge you any money?No I am not aware of any payment processor (outside of p2p payments) that does not charge its customers.If you just want your clients not to have to pay any processing fees (but you pay those fees), I'm quite sure pretty much any processor will do business with you. I'm not very familiar with the US, but in Europe you would simply collect a mandate from client A to direct debit their account (you will pay a fee for this) after the money has been collected you can do a credit transfer to client B (again you will usually pay a fee for this). Any processor involved in SEPA Direct Debits can help you with that.There are quite a few processors offering marketplace payment processing solutions, but they will charge you a per transaction fee. Adyen MarketPay - Adyen does this for example. (disclosure: I work for Adyen).If you are doing significant volume, you may be able to negotiate your prices down, but be aware that payment processors usually have a lot of per transaction and volume based costs that they need to cover to provide you the service.Another alternative might be that if the float you have is significant enough, a bank may be willing to reduce the transaction fee (perhaps even to 0) if they get (a piece of) the float, but with today's low interest rates its going to be a tough sell.