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SEPA Direct Debit

Country: Austria (AT)  |  Payment Rail: bank_clearing

DirectDebit Market Adoption: 10%

SEPA Direct Debit is a standardized pan-European direct debit pulling payment scheme in Austria, featuring pre-authorized automated bank account debiting and widely used for recurring utility bills, SaaS software subscriptions, telecom services, and B2B invoices.

🔄 User Payment Flow

  1. Customer inputs IBAN and account holder name at checkout
  2. Customer digitally authorizes the SEPA Direct Debit mandate
  3. Merchant transmits mandate and pre-notification of upcoming debit
  4. Clearing system executes bank pull on the designated payment due date

⚙️ Characteristics & Settlement

Instant PaymentNO
Supports QRNO
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant collects IBAN and mandate electronically via PSP
  • PSP submits SEPA Core XML batch files to clearing network
  • Funds are settled to merchant account upon clearing completion (typically 2-3 business days)

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 Stripe🔌 Adyen