At the moment, every country in Europe still has its own domestic payments system. However, under new European regulations, everyone will soon have to switch to systems based on the standards of the Single Euro Payments Area (SEPA). Your own bank will explain what the introduction of SEPA is going to mean for your organisation.
Going forward, we will be using SEPA Business Direct Debit (B2B) to collect your payments. The change has a number of important implications, which are explained below.