If you're selling software worldwide and you're selling it globally it is essential to provide your customers with payments that are identified andconvenient to customers. This reduces the friction of purchasing process and results in a boost in acquisition as well as revenues.

It assists sellers in this process by offering a wide range of payment methods. One of these payment methods which is among the most frequently used in the European Union -- is SEPA Direct Debit. This method does more than just enhance the ability of individuals to transfer money across borders in the EU however, it can assist in reducing the chances of inflicting a loss on payment transactions.

Thanks to's brand innovative SEPA Direct Debit features the sellers now have the ability to accept payments within the SEPA area, and can also access the chargeback process in addition to making refunds through the application.

What is SEPA Direct Debit? How does it work?

SEPA (Single Euro Payments Area) can be described as an electronic system for transactions that is currently in operation across the EU and some other countries that give businesses and customers the option of cash-free euro payments by credit transfer or direct debits to any of the locations in the SEPA region.

Anyone who's within the SEPA area can perform the direct debits for Euros regardless of where the bank account is situated in. This lowers costs and helps perform trans-border transfers.

With this system, SEPA Direct Debit payments, buyers can transfer funds in an exchange between banks and banks -- similar to ACH (Automated Clearing House) in North America. In the majority of cases, the transaction is completed within two to five business days. It is easy to pay to businesses or customers.

Why should I select SEPA Direct Debit?

Because SEPA is a service that serves more than 529 million individuals Businesses looking to expand their international presence would be remiss to not provide SEPA solutions to potential customers.

For the purpose of using SEPA Direct Debit for sellers, they must sign-up to our portal to be assisted following which within 2 working days the transaction will be accessible for purchase on their storefront online.

The method of obtaining funds from the customer is exactly the same as other payments. Customers are able to utilize SEPA Direct Debit will be apparent if they're situated in one of the locations listed in our article. Customers choose the option for payment and enter their personal details and are able to finish the payment.

Not only is it easy to setup SEPA Direct Debit through the seller's website It also provides a variety of advantages to sellers looking to expand their businesses into the world market

• The reach of the company is greater then 500 million possible customers in the EU.
• Converting rates are increased by facilitating the process of shopping for European clients since less than half of European consumers have credit cards..
• Reduction in the failure rate of payment due to bank-to-bank connection in SEPA Direct Debit.
• Retention is increased by eliminating the inability to pay due to cancelling or expiring credit cards.

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