Business, tax and funding
SEPA
Abbreviation for Single Euro Payments Area
In short and in plain language
SEPA is a shared area in Europe for payments. Bank transfers and direct debits follow the same rules there.
In online shops, direct debit is a common way to pay.
The sum is then taken from the buyer's bank account.
Definition
SEPA is the single euro payments area in which credit transfers and direct debits follow the same rules. In online shops the SEPA direct debit is a common payment method in which the amount is collected from the customer's account.