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What is SEPA and why sign it?


What is SEPA?

In a general sense, SEPA is the Single Euro Payments Area, which means that within this area the differences between domestic and international payments in euros are eliminated.

The beginning of the development of the SEPA system in 2008, when the first changes related to it came into force.
The main goal of this project is to unite the markets of individual countries and create a common international market, as well as increase the efficiency of payments made between different countries.

The advantages of payments made in the SEPA system are undoubtedly their speed (some payments are made literally within a few minutes), as well as convenience, since a single bank account and a single set of payment instruments are used. In addition, banks are required to credit such payments to the beneficiary's account in full without deducting commissions.

In particular, this is a payment method that allows an organization to write off funds from the accounts of bank clients, provided that the bank client (payer) has generated a payment order for the bank to carry out such transactions, stipulating the conditions and timing of such transactions.


What if I order a service with a partner?

If you are a married couple and, for example, decide to order a family declaration from us, debits can be made from the account of either spouse.

This makes it possible to quickly, right on the company's website, fill out a form that will give permission to the company to the recipient of the payment to automatically write off money from your account. This system is already quite widely used, for example, when paying for health insurance or in other similar cases.


Isn't it dangerous?

No, it is completely safe, the debiting takes place automatically through the bank, so the recipient company has no access to your account. In addition, you can revoke your payment within 8 weeks after it was made.


Can the beneficiary firm somehow use this against the client?

No, since she does not have any access to the account, the entire operation takes place through the client's bank.


Can the beneficiary company write off another payment for which the client did not give his consent?

Also, no, since she does not have access to the account, and the client himself determines the terms of debiting.


What is the difference between a one-time write-off and a multiple write-off authorization?

A one-time payment is debited once and if next year you want to order the same service from us again, you will have to fill out the same order form again and choose the form of payment. In fact, this is an order to the bank to give the contractor the money once.

Multiple write-offs, this is a permission to write off money for certain services again (about the repeated provision of a service) or to write off a monthly service fee. This order (or permission to write off) can be revoked simply by writing us a letter.


How do I stop SEPA?

If you do not want to continue the automatic debiting of funds as part of payment for our services, you can write us a letter with a request. If we are talking about a one-time service, then SEPA will be applied only once and then automatically canceled, in this case there is no need to write a letter with a request.


Is SEPA Mandatory?

No, it is not necessary. If you are not ready to give such permission, there is no need for this, you can choose any payment option that suits you, we will be happy to help you in any case.

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