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Single euro payments area (SEPA) - European Commission - Finance
The single euro payments area (SEPA) harmonises the way cashless euro payments are made across Europe. It allows European consumers, businesses and public administrations to make and receive the following types of transactions under the same basic conditions. credit transfers. direct debit payments. card payments.
Single Euro Payments Area - Wikipedia
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros. As of 2020 [update] , there were 36 members in SEPA, [2] consisting of the 27 member states of the European Union , the four member states of the European Free Trade Association ( Iceland ...
Single Euro Payments Area (SEPA) - European Central Bank
Thanks to the Single Euro Payments Area (SEPA), customers can make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way, just like national payments.
What is a SEPA mandate | Stripe
A SEPA mandate, also called a SEPA Direct Debit mandate, is a legally binding document that allows a company to debit money from a customer’s bank account. A mandate contains all the customer’s necessary information such as their name and address, IBAN , BIC , and the amount and date of the debit.
Single Euro Payments Area (SEPA) Definition and History - Investopedia
The single euro payments area (SEPA) is a system of transactions created by the European Union (EU). The SEPA harmonizes the way cashless payments are transacted between euro countries....
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