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SEPA direct debit

SEPA Direct Debit

SEPA direct debit

Your advantages :

• very popular payment type in Germany or Austria
• boosts your conversion rate
• increased security via fraud prevention

According to a current study in the German-speaking region, direct debit is one of the three most popular payment types, apart from payment by invoice or PayPal. Electronic direct debiting is established in the German-speaking region and used by shop customers. Novalnet is your payment service provider enabling you to offer direct debit to German and Austrian customers.

The customer of the shop usually knows the account number and the bank code by heart and needs no additional passwords or registration processes. Furthermore, in case of non-delivery or similar disruptions, the customer can let the direct debit be transferred back at his bank within six weeks.

Many shop maintainers and online merchants however, are reluctant to use this payment type, as the protection from payment defaults is reduced by return debit notes. In order to nonetheless offer direct debit payment which is often requested, Novalnet offers the best protection from return debit by comprehensive and integrated fraud prevention and therefore increases your turnover.

The customer’s address and bank details can be evaluated via various plausibility and credit rating checks. For example, the Boni check prevents fraud with stolen debit cards, the ACDC pool check searches for return debit information. This is also double-checked by the Intercard blacklist. Via these preliminary fraud checks many fraudsters and rip-offs can be excluded.

In case a payment default should still occur, e.g. due to insufficient funds, with us as your payment service provider you can have the claims collected by a debt collection service. This service is offered free of charge (except for legal dunning procedures) and automatized inside the Novalnet backend.

Europe-wide debit procedures and cross-border money transfers in the Euro zone are simplified by the standardized Single Euro Payments Area (SEPA) procedures. SEPA stands for a common Euro payments area in which all payments are processed like domestic payments. Novalnet AG offers you SEPA capable payment modules for smooth international payment transactions.