What is e-Checking SEPA Direct Debit Core?
The Single Euro Payments Area (SEPA) stands for a European Union (EU) payments integration initiative. With the introduction of the euro currency in 1999, the political drivers of the SEPA initiative - EU governments, the European Parliament, the European Commission and the European Central Bank (ECB) - have focused on the integration of the euro payments market. Since then, the political drivers have called upon the payments industry to bolster the common currency, by developing a set of harmonized payment schemes and frameworks for electronic euro payments.
(German：SEPA-Lastschrift , French：prélèvement SEPA)
e-Checking SEPA supported EUR currency only.
One-stop FX exchange and payment
Competitive FX rates
Safe transfers (funds take 9-10 working days to reach the supplier’s account)
Convenient online payments (similar to credit card online payment process)
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