What Is A Sepa Direct Debit Mandate?

1.	What Is A Sepa Direct Debit Mandate?
Answer» A SEPA direct debit mandate is the expression of consent and authorization given by the payer (e.g. CONSUMER) to the PAYEE (e.g. a telecom provider or insurance company) and to the payer’s payment service provider (e.g. a BANK) to ENABLE the payee to initiate a debit from the payer’s specified payment account and to enable the payer’s payment service provider to comply with such instruction. A SEPA direct debit mandate is the expression of consent and authorization given by the payer (e.g. consumer) to the payee (e.g. a telecom provider or insurance company) and to the payer’s payment service provider (e.g. a bank) to enable the payee to initiate a debit from the payer’s specified payment account and to enable the payer’s payment service provider to comply with such instruction.

Answer»

A SEPA direct debit mandate is the expression of consent and authorization given by the payer (e.g. CONSUMER) to the PAYEE (e.g. a telecom provider or insurance company) and to the payer’s payment service provider (e.g. a BANK) to ENABLE the payee to initiate a debit from the payer’s specified payment account and to enable the payer’s payment service provider to comply with such instruction.

A SEPA direct debit mandate is the expression of consent and authorization given by the payer (e.g. consumer) to the payee (e.g. a telecom provider or insurance company) and to the payer’s payment service provider (e.g. a bank) to enable the payee to initiate a debit from the payer’s specified payment account and to enable the payer’s payment service provider to comply with such instruction.

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