What is SEPA Direct Debit form?

A SEPA Direct Debit (SDD) is the standard across Europe for the collection of funds between a debtor (payer) and the creditor (payee). The SEPA Direct Debit (SDD) scheme is an interbank payment scheme defining a common set of rules and standard procedures for direct debits in Euro, used in the European Union.

The purpose of SEPA is to realize bank transfers without causing any transfer fees within that area.

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