SEPA Direct Debit Core
(SDD Core)
Take control of the entire payment process by offering your customers automated SDD Core.
- Reduce transaction costs
- Improve cash flow management
- Increase convenience for customers
Link directly to your bank account
Online SDD Core mandate signing
We lead the European market in online mandate signing. Say goodbye to the hassle of visiting the bank – now, your customers can effortlessly finalise SDD Core mandates directly through us by using :
- POS
- Online
- Face2Face
- Paper invitation with smart codes
- ...
When to use SDD Core?
- Recurring invoices (variable amounts)
SEPA Core Direct Debits provide hassle-free recurring payments. No matter the fluctuations in your volumes or service usage, our automated system handles it all.
- Memberships & Subscriptions
SDD Core is the easiest and safest way to organise recurring payments for memberships and subscriptions.
- Payment plans
Provide your customers the possibility to spread their costs by offering payment plans.
What is Sepa Direct Debit Core
SEPA Direct Debit Core allows businesses and consumers to authorise creditors (the entities receiving payments) to collect funds directly from their bank accounts. It simplifies the payment process by eliminating the need for manual transactions, reducing paperwork, and streamlining administrative tasks.
The advantages of SEPA Direct Debit Core include increased convenience for customers, as payments are automatically deducted from their accounts, improved cash flow management for businesses, reduced transaction costs compared to other payment methods, and wider geographical coverage across 36 European countries. Overall, SEPA Direct Debit Core offers a secure and efficient payment solution for both individuals and businesses.
Advantages of SEPA Core Direct Debit
1. No more late payments
With Direct Debits your invoices will be paid on time, every time. Once authorized, you can collect payments from your customer’s account whenever they’re due. That means you don’t have to chase your customer for payments. 97% of all invoices send with SEPA Core Direct Debit are paid within 1 day.
2. Reduced payment administration
The payment initiations are triggered by the merchant which significantly reduces the follow-up time required.
3. Reduced payment failures
Roughly 3-5% of credit card payments fail each month due to credit card expiry or cancellation. Direct Debit payments use a customer’s bank details, which rarely expire or change so failure rates are less than 1%.
4. Flexibility
With Direct Debit, the amounts your charge can be variable and you can change the frequency of the payments with a click of a button without your customers needing to re-authorise anything and without the administrative hassle.
5. Improved cashflow
Late payments impact your cash flow as payments as there’s no way to predict when payments come in. This can impact your ability to pay your bills and can create stress where it’s not needed.
With Direct Debit, you'll always know when payments will be paid in a predictive way so you don’t have to worry about them anymore.
6. Environmentally friendly
The Twikey online SEPA Core Direct Debit solution is totally paperless and it doesn’t only save you time and money but is great for the environment.
The numbers
Without Twikey With Twikey
Payments within 24h
20% 80%Conversion to direct debit
5% 25%Conversion to e-mail
1% 65%
*The above comparison is substantiated on interviews with our customers (sample > 200 customers)
Want to know more?
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