Our EuroDebit®/SEPA payment system is the most widely used form of online payment in Europe for both one-time and recurring payments. The Single Euro Payments Area (SEPA) initiative involves the creation of a zone for the Euro in which all electronic payments are considered domestic, and where a difference between national and intra-European cross-border payments does not exist.
EuroDebit®/SEPA will increase your payment coverage to over 520 million consumers! We process direct debits and recurring transactions in real-time directly from consumers’ bank accounts in 50 countries and territories.
EuroDebit®/SEPA is also the perfect payment solution for European customers with no credit card or those who are reluctant to use them online for purchases. European consumers will thus have an additional and convenient method to pay online, and merchants could increase their sales by offering this local and trusted payment solution.
The European Union is the second largest e-commerce marketplace in the world, after Asia-Pacific. Many of the EU countries have higher rates of internet usage than the US. The B2C market in EU is projected to be as much as €625 billion by 2017.
In the EU, not everyone has a credit card or likes to use them online to make purchases. Credit card coverage is as low as 7% in some countries and bank debit payments make up the majority of online transactions.
Merchants further benefit from the GEO-IP service that is included, which automatically provides the payment pages in the consumer’s native language. In addition, local support phone numbers and email addresses for customer support are posted to manage consumer inquiries.EuroDebit®/SEPA easily integrates with any existing billing platform and all of the Alternative Payments services include access to secure admin pages with detailed reports and features such as fraud scrubbing, age and/or address verification, and recurring billing options.
Enter markets with low credit card coverage
Lower risk of returns
Payment option familiar to the consumer
Trusted buying process
Accept more than just credit cards
Trusted payment method
No credit or debit card needed
Convenient, reliable, simple and secure
Access to more products and services
Language and currency localization
Simplified shopping experience