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InterviewSolution
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As A Business User, How Can I Know Whether The Payment Service Provider For My Business Partner Supports Sepa Credit Transfers Or Sepa Direct Debits? |
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Answer» According to the reachability requirement established under Regulation (EU) No 260/2012, all payment service PROVIDERS that process legacy credit transfers or direct debits must ALSO process SEPA credit transfers or core SEPA direct debits, RESPECTIVELY. However, reachability for business-to-business direct debits is only optional. The European Payments Council manages the PUBLIC REGISTERS of all participants in SEPA credit transfers and SEPA direct debits. According to the reachability requirement established under Regulation (EU) No 260/2012, all payment service providers that process legacy credit transfers or direct debits must also process SEPA credit transfers or core SEPA direct debits, respectively. However, reachability for business-to-business direct debits is only optional. The European Payments Council manages the public registers of all participants in SEPA credit transfers and SEPA direct debits. |
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