SEPA Direct Debit, or SDD, is a payment scheme that allows recurring Euro transactions across the SEPA member countries. It is mainly used for paying bills and subscriptions by allowing consumers to automate their payments.
There are two types of SEPA Direct Debit (SDD) methods:
- SEPA Core Direct Debit (SDD Core): Regulates and automates recurring transactions between consumers and merchants.
- SEPA B2B Direct Debit (SDD Business): Regulates and automates recurring transactions between businesses.