SEPA direct debit | SEPA Lastschrift | Payment method | billwerk

SEPA (Single Euro Payments Area) refers to a common European payment traffic area that makes cashless payments (in euros) possible within a uniform payment area. This means that the SEPA direct debit can be used across borders.

The SEPA direct debit procedure can be used as a payment method in billwerk and enables the uncomplicated processing of recurring payments.

Payment Method

SEPA Direct Debit

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Process recurring payments quickly and securely

The SEPA direct debit procedure makes it quick and easy to process recurring payments. Customers can pay recurring bills conveniently, easily and securely without cash within Germany and in 33 other countries.

A major advantage of the SEPA direct debit procedure is that there are no restrictions, such as limited terms or a payment limit as with credit card payments. In addition, long-term customer loyalty is promoted.

In Germany, the SEPA direct debit is one of the most popular payment methods. In 2020, just under 11.6 billion cashless payment transactions were made by direct debit in Germany alone.

As the billwerk Industry Report 2021 shows, the B2B segment uses SEPA direct debit as the most popular payment method among billwerk customers. The choice of the appropriate payment method directly impacts the conversion rate in the checkout process and also has a major influence on the risk of non-payment and misuse. 

Advantages of SEPA direct debit

  • Cross border payments
    Within the Single Euro Payments Area (SEPA), direct debits can be collected across national borders, thus combining numerous individual direct debit schemes into one cross-border scheme.
  • Other national solutions integrated into billwerk
    Many countries outside the SEPA zone use a national direct debit procedure. Of these, many are also already integrated into billwerk, such as Autogiro for Sweden or Avtalegiro in Norway via PayEx or Betalingservice via FarPay in Denmark.
  • Low cost payment method
    Direct debits are a cost-effective payment method for merchants as the transaction costs are lower compared to other payment methods.
  • Increased customer loyalty
    No limited term, no payment limit and thus high customer loyalty.
  • Easy integration and fast time-to-market
    In billwerk, SEPA direct debit procedures can be integrated both independently and through the integration of service payment providers.