European Direct Debit

Successful global expansion requires an understanding of your consumers' payment preferences and the ability to offer them the payment tools they want. Even if you accept credit card payments in Europe, you're only tapping into part of the available market. In many countries, European Direct Debit is a much more preferred payment method. Chase Paymentech can help you meet your consumer payment choice needs with expanded payment methods in multiple currencies.

Supporting the direct debit payment range in Europe is challenging and often involves establishing relationships with many service providers in several different countries. We not only processes your European Direct Debit transactions, we incorporate initial collections, returns processing, funding and reporting into one complete solution. With Chase Paymentech, you get single-source processing of your credit card and direct debit payments without the need for a myriad of processing relationships.

Our European Direct Debit processing offers support for European direct debit payments in six different countries:

• Austria
• Belgium
• France
• Germany
• Netherlands
• United Kingdom

You'll also benefit from full service management of your European payments, featuring:

• Single Online and Batch Processing Interfaces - Instead of managing multiple country direct debit processing formats, you have one common interface for submitting direct debits in all the supported countries and currencies.
• Online Account Validation - Real time validation of your customer's bank sort code and account number.
• Turnkey Banking Set-up - Our European Direct Debit solution eliminates the need to establish bank accounts in each country where you want to process.
• Consolidated and Consistent Funding - Chase Paymentech consolidates your direct debit proceeds and provides one settlement file for collections in each country.
• Integrated and Comprehensive Reporting - We make it easy for you to reconcile all European collection activity with a single report.
• Automated Returns Management - We will resubmit qualifying direct debit collections that are returned.
• Simplified Pricing - Chase Paymentech provides consolidated pricing based on all your direct debit volume. Our simple fee structure makes it easy to understand your processing costs.