See All Shopify Payment Methods
SEPA Direct Debit
SEPA (Single Euro Payments Area) is an initiative by the European Union to simplify and standardize euro-denominated payments across member countries. Launched in 2008, SEPA allows individuals and businesses to make cross-border bank transfers, direct debits, and card payments with the same ease and security as domestic transactions. It covers all EU member states, as well as several non-EU countries, including Iceland, Norway, Switzerland, and Liechtenstein.
SEPA payments are particularly beneficial for businesses and consumers involved in international trade or transactions within the Eurozone, as they eliminate the need for complex international payment processes. Transactions within SEPA are processed quickly, typically within one business day, and are often free or low-cost.
SEPA has been instrumental in creating a more integrated European payment market, promoting economic efficiency, and supporting the broader goal of a unified European economy by reducing barriers to financial transactions across borders.
SEPA Direct Debit
Features
| Payment type | Direct Debits |
|---|---|
| Merchant locations |
Europe and Russia Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, United Kingdom |
| Currencies |
Settlement currency : CHF, CZK, DKK, EUR, GBP, HUF, PLN, SEK Processing Currency : CHF, CZK, DKK, EUR, GBP, HUF, PLN, SEK |
| Other |
Refunds : ✔️ Partial refunds : ✔️ Multiple partial refunds : ✔️ Multiple partial captures : ✔️ 3D Secure : ❌ Chargebacks : ✔️ Local entity required : ❌ |