SEPA Direct Debit definition

SEPA Direct Debit means a Direct Debit which is subject to the SEPA Direct Debit Rules, under which payments in euro are made from the Account to another account within SEPA.

SEPA Direct Debit means the Payment Instrument governed by the rules of the SEPA Core Direct Debit Scheme for making direct debit payments in Euro throughout SEPA from bank accounts to other bank accounts.

SEPA Direct Debit means the payment instrument which is governed by the SEPA Core Direct Debit Rulebook for the execution of payments by direct debit in Euro within SEPA from bank accounts to other bank accounts.

Examples of SEPA Direct Debit in a sentence

• If PayPal resubmits any SEPA Direct Debit payment request due to reversal of the original payment, there will be no (additional) information given on the amount and the time frame ahead of the resubmission.

• If you use a SEPA Direct Debit mandate for the continuous authority: • You can access the mandate and the mandate reference number (MRN) in your PayPal account profile at any time and cancel or change the mandate for future transactions.

• Direct debit payments are covered by the SEPA Direct Debit Scheme Rules (‘ Scheme Rules’).

• An authorised Direct Debit Originator (‘ Originator’) is a person authorised to take payments from accounts using the SEPA Direct Debit Scheme.

• If you use a SEPA Direct Debit mandate for the continuous authority: • you can access the mandate and the mandate reference number (MRN) in your PayPal account profile at any time and cancel or change the mandate for future transactions.

More Definitions of SEPA Direct Debit

SEPA Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

SEPA Direct Debit means a direct debit carried out in accordance with the European Payment Council’s Rulebook on SDD and/or SDD B2B.

SEPA Direct Debit means a payment service for debiting an Account (where such a service is permitted on that Account) where the

SEPA Direct Debit means the payment instrument which is governed by the Rulebook for the execution of payments by direct debits in Euro within SEPA from Bank accounts to other accounts.

SEPA Direct Debit means cashless money transfer in euro currency within the SEPA area initiated by the order of creditor based on a previous agreement between the debtor and the creditor (hereinafter referred to as “mandate”) that meets the principles set by the Bank for SEPA direct debits. SEPA direct debits are divided into one-off and recurring direct debits and are subdivided into two payment schemes differing in the rules of processing and periods:

SEPA Direct Debit an automated payment method set up between you and us to send payments to organisations in accordance with a direct debit mandate given by you to the organisation which manages the frequency and amount of each payment; “UK Direct Debit” and automated payment method set up between you and an organisation to allow them to collect amounts from your GBP account. “Simplified Due a lighter form of Customer Due Diligence, resulting in certain lower Card and Diligence” Account limits; "Transaction" a Payment, a Transfer or a SEPA Transfer;

SEPA Direct Debit means a Direct Debit processed in accordance with the SEPA Direct Debit Scheme;