SEPA direct debit business to business scheme
From ACT Wiki
Single Euro Payments Area (SEPA).
(SDD B2B).
The SEPA Business to Business (B2B) Direct Debit Scheme enables business customers, as payers, to make payments by direct debit across SEPA countries.
The change introduced via this scheme is restricted to business customers, excluding micro-enterprises.
The B2B scheme offers a significantly shorter timeline for presenting direct debits and a reduced return period in situations where it is determined that the payer (a corporate client) is not entitled to obtain a refund of an authorised transaction.
The system can be used for single or recurrent collections.
