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What is a Direct Debit payment for?

Put simply, Direct Debit is an automated payment method that people and businesses use to pay for things like: household bills; services you might use (such as a mobile phone or the gym); or large purchases, where its easier for you to spread the cost rather than make one, big payment.

Is it safe to use SEPA Direct Debit?

SEPA stands for Single Euro Payments Area. SEPA Direct Debits are a secure and reliable payment method that has been specifically developed to process payments within the European Union. It is used to process cashless payment transactions by almost all EU member states.

What is SEPA Direct Debit Bank of Ireland?

The SEPA Direct Debit (SDD) scheme allows both domestic and cross-border collections to be made in Euro throughout the current 33 SEPA countries. Consumers are able to pay for goods or services throughout Europe via direct debit as easily, securely and efficiently as they do at home.

What is the Irish Direct Debit?

Direct debits A direct debit requires the consent of the payer, given to the payee in the form of a mandate. Direct debits can also be used to make one-off payments, but this practice is not widespread in Ireland.

What is a SEPA Direct Debit mandate?

A SEPA Direct Debit Mandate is the authorisation given by your customer allowing you to collect future payments from them at any time on their Euro-denominated bank account (subject to advance notice).

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