Payment methods & local coverage — found from sitemap — Ratepay

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Facts read from this source

• SEPA recurring authorisation Report an error

  “For recurring SEPA direct debits, the authorisation by the payer is used for regular SEPA direct debits initiated by the creditor.”

• SEPA single authorisation once Report an error

  “the debtor issues an authorisation once for the collection of a single SEPA direct debit; the authorisation cannot be used for subsequent transactions.”

• SEPA b2b no consumers Report an error

  “Therefore, the payer in the SEPA business direct debit scheme may not be a consumer.”

• SEPA b2b mandate confirmation Report an error

  “The debtor's credit institution will only redeem the direct debit if the debtor confirms the granting of the mandate to the credit institution prior to the first debit.”

• SEPA b2b submission period Report an error

  “Compared to the SEPA basic direct debit scheme, the submission period for both the first and subsequent direct debits is reduced to one day before the due date.”

• SEPA b2b refund waiver Report an error

  “By checking the mandate data each time a direct debit is redeemed on the basis of the redemption agreement, the debtor's claims for refunds are generally excluded.”

• SEPA prenotification addressee Report an error

  “The addressee of the SEPA pre-announcement is always the account holder named in the SEPA mandate.”

• SEPA prenotification waiver not permitted Report an error

  “According to the SEPA Rulebooks, a contractual agreement that completely dispenses with advance information is not permissible.”

• SEPA prenotification recurring single notice Report an error

  “If SEPA follow-on direct debits are planned, a single SEPA Pre- Notification to the debtor prior to the first SEPA direct debit is also sufficient, provided that all agreed collection amounts and SEPA due dates are listed in the letter.”

• SEPA prenotification bank avis insufficient Report an error

  “An avis of the SEPA direct debit by the debtor's bank does not replace the creditor's SEPA pre-information obligation, even if it is also the creditor's bank.”

• SEPA prenotification minimum info Report an error

  “Minimum Information Amount SEPA due date SEPA Creditor Identifier (SEPA Creditor ID) SEPA Mandate Reference (SEPA Mandate ID)”

• SEPA prenotification deadline Report an error

  “Pre-notification must be sent at least 14 calendar days before the due date. The creditor and debtor (does not have to be the creditor's contractual partner at the same time) can agree bilaterally on a shorter period, but under the SEPA Rulebook they cannot waive it.”

• SEPA prenotification reissue on change Report an error

  “A pre-notification must be reissued and resent to the debtor if the due date or amount changes (e.g. due to technical difficulties).”

• SEPA prenotification delivery methods Report an error

  “The method of delivery of the pre-notification is not regulated. Possibilities: Invoice, advice letter, fax, e-mail, SMS, telephone call.”

• SEPA prenotification missing consequence Report an error

  “Failure to give pre-notification of a SEPA direct debit is a breach of duty arising from the "corporate customer-bank" collection contract. As a result of such a breach of duty, a return debit note is permissible.”

• Disclaimer not legal advice Report an error

  “ANY INFORMATION OR STATEMENT UNDER THIS SECTION MUST NOT CONSIDERED LEGAL ADVICE.”

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