17 Nov The direct debit procedure. A German success story.
At the end of the 1960s, who would have thought that the procedure originally intended for the regular settlement of utility bills (electricity, gas, water) would continue so successfully in the current dimensions of the most modern payment transactions? The (now) SEPA direct debit is the linchpin of almost all other payment methods. Those who are clever pay their bills to the retailer fairly and directly by direct debit without expensive intermediaries. But even if customers do not give their account details directly to the retailer for collection, the direct debit is always required for accumulation. How do the credit card companies get the money advanced with individual transactions? By direct debit. With what technically do most PayPal customers in Germany end up paying? By direct debit. Even if Apple Pay (in fact only a credit card payment with a technically different payment authorization by the end customer) appears as a payment method, who stands at the end of the day? The direct debit. How do most customers charge their xy wallet? By direct debit. It’s nice that creditPass customers can therefore rely on the provider who (in a different organizational form) operated online internet direct debits on a large scale at the beginning of 1999 and founded the relevant specialist working group (AK ePayment, now BDOA) for this for the first time. That is why creditPass has been a solid partner to (almost) all well-known large PSPs since then. And for you, we are the specialist with the longest and most varied experience on the market when it comes to securing these payments. The direct debit is a success story that the other European countries did not understand at first and whose cost-effective and reliable bulk payment processing remains the central pillar of ePayment with reliable merchants and reliable customers.