SEPA Direct Debit
SEPA direct debit
SEPA Direct Debit module allows creating SEPA direct debit orders to automatically collect money from customer bank accounts.
System generates PAIN.008 files according to ISO 20022 standard to send to bank for debit execution.
SEPA
Direct Debit
PAIN.008
Automatic Collection
Key Features
Key points
• Create SEPA direct debit orders
• Generate PAIN.008 XML files
• Manage mandates (debit authorization)
• Support SEPA Core and B2B
• Automatic recurring collection
SEPA Debit Process
Steps
1. Create mandate with customer
2. Create debit batch
3. Add invoices to batch
4. Generate PAIN.008 file
5. Send file to bank
6. Monitor debit status
Best Practices
Key points
• Store customer mandate before debiting
• Verify IBAN is valid
• Send PAIN.008 file by bank deadline
• Monitor rejected transactions