The Single Euro Payments Area (SEPA) initiative for the European financial infrastructure 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.
SEPA allows consumers to make cashless Euro payments to any beneficiary located anywhere in the Euro area using only a single bank account and a single set of payment instruments. All retail payments in Euro are thereby “domestic”. There is no longer any differentiation between national and cross border payments within the Euro area.
As a EuroDebit® merchant, SEPA will increase your current payment coverage to over 520 million consumers. The new system allows us to process Direct Debits and recurring transactions directly from their bank accounts, which you can expect to translate into an estimated increase in your current sales by as much as 80%.
We have re-engineered our entire payments infrastructure to accommodate the future changes and we are ready to serve our clients worldwide. Our existing payment service extended its coverage throughout Europe with 50 countries and territories!
If you are a EuroDebit® customer, you just need to make sure you are taking full advantage of our European payment options we already offer.
No technical changes are required, but it is imperative that each merchant reviews their European marketing efforts and guide traffic to maximize the conversion and capitalize on the market changes.
If you are not already signed up with EuroDebit®, then adding our solutions guarantees that you and your company are ready for the upcoming changes in the economic climate in Europe. Don’t miss out on the opportunity and signup at www.EuroDebit.com today!