SEPA SDD B2B
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The document discusses SEPA Direct Debit Business to Business (SDD B2B), which enables pan-European collections in euros between businesses. SDD B2B uses direct debit to collect payments from debtors to creditors based on a signed mandate. It has specific rules regarding authorization, timing of transactions, contesting payments, handling exceptions, managing mandates, and differences from personal direct debits.
SEPA SDD B2B
- 1. SEPA Direct Debit Business to Business RXPAY SAS RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr
- 2. The SEPA Direct Debit enables you to make pan-European collections in euros on a one-off or recurrent basis SEPA Business-to-Business Direct Debit is used for collections from business to business RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 2- Definition
- 3. 30 countries instead of one RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 2- Geographical area
- 4. Creditor : Owner of the account to be credited Debtor : Owner of the account to be debited RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 3- Actors
- 5. A mandate is signed by the payer to authorise the biller collection A mandate must be stored by the biller at least for 14 months after the last collection RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 4- Authorisation
- 6. D+2 Return D Collection D-1 Send collection D-14 Pre-notification RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 5- Timing
- 7. The Debtor is not entitled to obtain a refund of an authorised transaction A payment is considered unauthorised if the creditor cannot document that a valid SEPA Direct Debit mandate exists RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 6- Contestations
- 8. Some transactions cannot be processed in the normal way. It requires exceptional handling This involves the sending of exceptional messages called R-transactions : rejects, refusals, returns, reversals, revocations and requests for cancellation RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 7- Exceptions handling
- 9. The reason why a transaction resulted in the sending of an R-transaction is usually communicated in the R-transaction The reason code should help the receiver to understand why the original transaction was not successfully executed RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 8- Raison codes
- 10. A signed mandate must be stored by the biller as long as the mandate is valid but at least for 14 months after the last collection The mandate expires 36 months after the last initiated collection RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 9- Mandates management
- 11. * It is optional for banks to offer SDD B2B service * Its recommended to submit signed B2B mandate to the debtor bank for upfront registration * Faster execution * No refund * Only for business entities RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr 10- Specificities
- 12. www.rxpay.eu Questions http://rxpay.eu/services/rxmind/ Email : Contact@rxpay.fr Twitter : https://twitter.com/RXPAY Training : http://rxpay.fr/services/rxlearning/ RXPAY SAS 2 Rue de la ch但taigneraie 35510 Cesson-S辿vign辿 France Tel : 02 99 12 79 05 Contact@rxpay.fr RXPAY