Direct Debit
Direct Debit is one of those local payment methods that has been adopted by consumers as a preferred and trusted payment option when shopping online. This makes offering Direct Debit vital when taking your e-commerce business into certain markets.
What is it?
A traditional payment method where funds are pulled from the consumer’s bank account. At the checkout page, the consumer enters their account details and in doing so accepts the amount to be paid. The amount is then pulled from the consumer’s bank account at a communicated date either as a one-off or recurring transaction.
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| Merchant benefits |
Consumer benefits |
Applicable markets |
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Low transaction cost
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Repeat business — easy to handle recurring and consecutive one-off payments
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Customer loyalty — reduces the dropout rate on subscription based payments.
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Easy to get started — single integration and contract.
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Fraud screening tools
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Germany
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Netherlands
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Austria
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Interested in Direct Debit? Or in a more cost-effective Direct Debit service?
Contact us to discuss your current program or for a program bid.