If you're selling software worldwide It is essential to offer your customers the payment methods that are familiar andconvenient for buyers. The less friction you experience during the purchasing procedure. This leads to an increase in revenue and customer acquisition.

helps sellers across the world by offering a variety of payment options. One of the payment methods that are among the most widely used in the European Union -- is SEPA Direct Debit. This method not only helps make payments easier for those who travel outside of the EU in addition, it reduces the chance failure of transactions.

Alongside the recently launched SEPA Direct Debit capabilities, sellers are now able to accept payments not just within the SEPA region, but also have the ability to use chargeback management and offer refunds through the app.

What exactly is SEPA Direct Debit and how do I use it?

SEPA (Single European payments Area) is a network of transactions implemented in the EU as well as a handful of other countries which allows businesses and customers to pay cash-free via credit transfer and/or direct debits at any time in the SEPA region.

Anybody who is in the SEPA zone is able to make direct debits that are conducted in Euros -- no matter the currency that your bank's local account is located in. It simplifies the process and helps reduce the costs associated with international transactions.

With SEPA Direct Debit, also known as SEPA Direct Debit payments buyers can make transfers via a bank-to-bank transfer, which is identical to an ACH (Automated clearinghouse) within North America. The standard timeframe for clearing takes 2-5 days. It allows easy, unobtrusive payment for businesses as well as customers.

Why should I choose SEPA Direct Debit?

As SEPA offers services to over 529 million citizens and businesses looking to expand their reach should not be afraid to present SEPA transactions to prospective customers.

In order to make SEPA Direct Debit the seller must submit an inquiry in the help portal following which within 2 working days the transaction will be accessible on their site.

The procedure of acquiring cash from customers is just like other transactions. Customers will be able to benefit from SEPA Direct Debit. This will be able to see if they reside in one of these areas as explained in our documents. The customer selects the method for payment, and enters their information, then are able to make their transaction.

It's easy to set up SEPA Direct Debit through this seller's portal. Additionally, it offers a number of benefits for sellers that want to expand their businesses to international markets.

• Broader reach to more than 5 million potential customers in the EU.
• The rate of conversion increased to make shopping more convenient for European customers, since less than a quarter of European people are using a credit card.
• The drop in the rate of failures to pay is due to the bank-tobank connection that is made to SEPA Direct Debit.
• Better retention due to being able in the payment process due to expiry of the credit card or cancellation.

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