SEPA Direct Debit

Collect with SEPA Direct Debits

Collect euro payments from accounts in the 36 SEPA countries by getting access to the SEPA Direct Debit scheme through our cutting-edge payments platform.

Explore our SDD access models

The Form3 SEPA services are supported through a range of access models giving the ability to send and receive payments in the SEPA area, with a full range of connectivity options from indirect to full direct participation. 

Explore our SDD access models

SEPA Direct Debit

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Who is it for?

The SEPA Direct Debit service (SDD) for Direct Settling Participants is available to credit institutions eligible to hold a settlement account with Target2

How does it work?

Customers using this access model are provided with direct technical access, through our single stack of API, to the SEPA Direct Debit clearing system to exchange messages as a clearing participant.

Settlement happens on the participants settlement account with Target2 where our customers manage their own liquidity in this gross settlement system

SEPA Direct Debit - Direct Non Settling

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Who is it for?

The SEPA Direct Debit service (SDD) for Direct Non Settling Participants (DNSP) is available to regulated financial institutions (credit institutions and other)

This Access Model brings the DNSP Participant as close as possible to the clearing system without the need to hold a settlement account at Target2

How does it work?

Customers using this access model are provided with the benefits of direct technical access to the SEPA Direct Debit clearing system. In collaboration with one of our partner banks messages are exchanged in such a way that this is experienced as if they were direct participants, same messages and same speed. Settlement happens on a settlement account held with the partner bank where our customers manage their own liquidity with the partner bank.

SEPA Direct Debit - Indirect

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Who is it for?

The SEPA Direct Debit service for Indirect Participants is available to regulated financial institutions (credit institutions and other)

We collaborate with one of our partner banks that exchanges the messages on behalf of our customers.

How does it work?

Customers using this access model, through our single stack of API, reach one of our partner banks through whom messages are exchanged with the clearing system. Settlement happens on a settlement account with the partner bank.

Benefits

Improve cash flow

The SEPA Direct Debit scheme allows you to collect payments when you want both for recurring and one-off collections.

Reduce administration

Reduce time and manual effort by automatically chasing late payments and reconcile payments

Full suite SEPA

Easily add SEPA Instant Credit Transfer and SEPA Credit Transfer as you grow further