Business, tax and funding
SEPA
Abbreviation for Single Euro Payments Area
In short and in plain language
SEPA is a shared area for payments.
In it, bank transfers and direct debits follow the same rules.
For online shops and service firms, this direct debit is a common way to pay.
Definition
SEPA is the single euro payments area in which credit transfers and direct debits follow the same rules. For online shops and service providers, the SEPA direct debit in particular is a common payment method.