Recurring 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.


Get access to the SEPA Direct Debits scheme

The SEPA Direct Debit scheme makes recurring collection of Euro payments cheaper and easier. Increase control and retention by connecting into the payment scheme and never worry about getting your money again.

Improve cash flow

The SEPA Direct Debit scheme allows you to collect payments when you want

Reduce administration

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

Full suite SEPA

Easily add SEPA Credit Transfer and SEPA Direct Debit as you grow further

Sepa models

Explore our SDD access models

The Form3 SEPA services build upon the proven UK scheme access models giving the ability to send and receive payments in the SEPA area, with a full range of connectivity options from sponsored access to full membership.

Direct Settling Participant

Who is it for?

The SEPA Direct Debit (SDD) services for Direct Settling Participants are available to credit institutions eligible to hold a RTGS account in Target2.

How does it work?

Direct Settling Participants of the Form3 service are provided with direct technical access to the SCT and SDD systems to exchange messages as a Participant and manage their own liquidity with the system.

Indirect Settling Participant

Who is it for?

The SEPA Direct Debit (SDD) services for Indirect Participants is accessible to credit institutions, payment institutions or other financial institutions. The partner participant will retain control of the flow of transaction, will own the Target2 account and must be a Credit Institution.

How does it work?

Form3's API provides a single interface to multiple potential partner participants, providing long term flexibility and alignment with customer’s business model.
sepa dd dsp

What is SEPA Direct Debit?

SEPA Direct Debit is a European payments system which allows for automatic collection of Euro payments by the debtor. It is the beneficiary who is responsible for storing the original mandate, making the SDD a so-called creditor-driven mandate flow.
cloud based payment processing illustration

Fully Compliant

The Form3 SDD services are fully compliant with the EPC SCT Rulebook and EBA Clearing specifications supporting both the SEPA Credit Transfer and Direct Debit and exception handling via return, recall, and reversal resources.

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