What is Alternative Billing?
An Alternative payment is a payment
method other than the usage of the
traditional credit card. Alternative
payments are just as popular as credit
card payments. However, not everyone
has a credit card or likes to use them
online. Especially outside the United
States, credit card coverage is as low
as 10% and is certainly not a
widespread payment method.
What documents do you require from me
to setup my account?
Consumers outside the United States
like to pay with their well-established
local payment methods or with those
methods that they are accustomed to.
EuroDebit ® offers merchants a variety
of payment methods that will limit the
exposure and risks involved in
providing services online to customers
Documentation needed varies by client
type. If you are signing up as an
individual, you only need to provide
your passport and a copy of a utility
bill. If you are signing up as an
incorperation, you need to supply a
passport or ID of the contract owner
and any signatories, incorperation
papers including shareholders, and a
voided check (optional - if your bank
does not issue checks).
How much can I expect my sales to
increase with your services?
Actual increase varies largely on how
well you target your alternative
markets. It is not uncommon for us to
see our clients experience a 30% or
more increase in their sales from
before setting up alternative payment
Are there any setup fees?
Our standard setup does not require any
setup fees! Some special setup types
may require small fees, but such
instances are rare, and for most of our
clients these setup fees do not apply.
Such fees only apply for services such
as Virtual Terminal, batch transaction
processing, and installation of MIVA
shopping cart software.
On August 2014, the Single Euro
Payments Area (SEPA) initiative
replaced the sysytem of using the
individual countries' account and
routing numbers with a standardized
IBAN (International Bank Account
Number) and BIC (Bank Identifier Code).
This facilitates easier cross-border
payments and standardized bank
What does SEPA stand for?
SEPA stands for the Single Euro
IBAN stands for International Bank
Account Number. It consists of an
international part containing the
country code and check number, and a
nationally defined component. The
length of the IBAN varies by country.
Germany, for example, has 22 digit
Where can I find my IBAN and BIC?
BIC stands for Bank Identifier Code (
also known as SWIFT code). It is the
unique identification of bank/credit
institutions and is eight or eleven
Learn more about IBAN and BIC.
Your IBAN and BIC can be found on your
bank statement, or on the back of a
recent bank card. You can also ask your
bank for them.
What currency can I process with SEPA?
All SEPA transactions need to be
processed in Euro.
How does a consumer make a SEPA
Payments are made via bank transfer.
Consumers based in the SEPA countries
and territories provide their
International Bank Account Number
(IBAN) to complete a payment.
Are the funds transfered immediately?
Funds are not transferred immediately,
and completion time depends on the
country the funds are sent from. The
Merchant tool provides webhooks for
each status change so you can determine
at which state you want to mark the
transaction as complete.
Why is having SEPA important?
SEPA eliminates the roadblocks of
cross-border bank transfers so people
in different countries can buy and sell
as if they were in the same country
without having to have bank accounts in
different countries. This creates a
single market of more than 520 million
people in 50 countries and territories
who can make payments in euros under
the same conditions, regardless of
What steps can I use to prevent
We offer a tool called SMS
Verification, which requires the
consumer to have a valid phone number.
To verify the consumer's identity, they
receive a text message on the phone,
which they need to enter into the
payment form before the transaction is
submitted. SMS verification is enabled
by default and considered mandatory for
SEPA processing, however, can be
disabled on a case by case basis upon