If you're selling software globally It is essential to offer the buyers payment options that are both familiar andconvenient to them. This reduces the friction of buying experience and leads to increased customer acquisition and the revenue.

helps sellers do this globally through a range of payment methods. One such payment method which is one of the most popular in the European Union -- is SEPA Direct Debit. It not only assists to make it easier for people to pay across borders within the EU, but it also helps reduce the likelihood of payment transactions that fail.

In addition to the newly introduced SEPA Direct Debit capabilities, sellers are now able to not only collect payments within the SEPA area, but also have access to chargeback management, and they can also provide refunds through the application.

What Is SEPA Direct Debit and How Does It Work?

SEPA (Single European Payments Area) is a set of that is used to make transactions in the EU as well as a handful of other countries which allows both customers and companies to make cashless euro payments by credit transfer or direct debit anywhere in the SEPA area.

Anyone in the SEPA region can make direct debit transactions in Euros -- no matter the currency their local bank account is held in. This simplifies and decreases costs associated with international transactions.

Through a SEPA Direct Debit payment, purchasers are sending money in a bank-to-bank transaction -which is similar to ACH (Automated Clearing House) in North America. The typical time for clearing is 2-5 business days, and allows easy, unobtrusive payments for both businesses and individuals.

What are the benefits of using SEPA Direct Debit?

As SEPA provides services to over 529 million customers, any business interested in expanding their global presence is remiss to ignore offering SEPA transactions to their potential customers.

To make use of SEPA Direct Debit with , sellers just need to type into our portal for support in just two days of receiving it, it will be available in their online storefront.

The process of collecting payment from the customer is just as other transactions. For the customers, SEPA Direct Debit will be displayed if they are within one of the areas as described in our documentation. The customer selects the method of payment and then enter their details, and they're good to complete their transaction.

It is not only simple to set up SEPA Direct Debit from the seller portal It also offers a variety of benefits to sellers who want to expand their businesses into the world market

• A wider reach that includes more than 500 million potential customers within the EU.
• Conversion rate increased by making purchases easier for European clients, as less than half of European customers have credit cards.
• Decreased payment failure rates as because of the bank-tobank connection with SEPA Direct Debit.
• Improved retention through the elimination of failed payments due to credit card expiry or cancellation.