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What is SEPA Direct Debit Origination?


The SEPA (Single Euro Payments Area) Direct Debit Scheme operates the same way as the UK Direct Debit scheme - the Creditor requests payment from the Debtor with their prior approval (mandate).

The SEPA Direct Debit (DD) is a payment instrument that can be used for national and cross-border collection of Direct Debits throughout the SEPA area.

A mandate is signed by the debtor (payer) to authorise the creditor (originator) to collect a payment and allow the debtor bank to pay the funds.

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