Your business can make or collect direct debits in any of the 27 participating EU member states plus additional territories. All transactions happen in euro, even if one of the debiting accounts is in a different currency.
SEPA has created a cohesive internal market for all electronic euro payments within Europe, by standardising the way electronic payments are made and processed throughout the SEPA zone.
Easy to use
When you sign up to become a SEPA direct debit originator, you are telling us to collect direct debits from nominated accounts on your behalf. We collect the money on the date specified within the payment file. There can be multiple collection dates within the payment file.
Direct Debit Timelines
You can upload and authorise a direct debit file up to 11.00am the morning before you want the direct debit file to be collected (Debit date-1)
E.G. The debit date on your direct debit payment file is Wednesday. You have until 11.00am on Tuesday to upload and authorise the file to make sure it is debited on Wednesday.
Direct debits at a glance
- For euro transactions only
- Collect from 27 EU member states
- Standardises direct debit timeframes
- Open to any iBB customer
Who can apply?
Any iBB customer can apply to become a Direct Debit Originator.
How to apply
As an iBB customer, you can apply to become a Direct Debit Originator. Simply complete the below and return to your Relationship Manager to get started.
Payment files Direct Debits application and amendment form,
You'll need to use online software to create your Direct Debit file. Services vary across providers so it's important to find the best fit for your business.
See below for lists of available software providers but bear in mind that this list is not exhaustive.
Available software providers
Software Provider: Contact Price Product Name Website Type
Thesaurus Software Ltd
Thesaurus Payroll Manager
Credit Transfer €120* Solutions Plus - Accounts software www.thesaurus.ie Credit Transfer €149* BrightPay Payroll www.thesaurus.ie Credit Transfer
1890 212 811
From €9.60 per month* Sage One Accounting (cloud) https://shop.sage.ie/sage-one-accounting.aspx Credit Transfer From €4.80 per month * Sage One Payroll (cloud) https://shop.sage.ie/sage-one-payroll.aspx Credit Transfer 1890 882 020 From €15 per month * Instant Account https://shop.sage.ie/instant-accounts.aspx Credit Transfer From €35 per month * Sage 50 Account https://shop.sage.ie/sage-50-accounts.aspx
From €65 per month * Sage 50 Account Plus https://shop.sage.ie/sage-50-accounts-plus.aspx Credit Transfer From €95 per month * Sage 50 Account Professional https://shop.sage.ie/sage-50-accounts-professional.aspx Credit Transfer €171 per year* Micropay https://shop.sage.ie/micropay.aspx Credit Transfer €602 per year* Micropay Professional https://shop.sage.ie/micropay-professional.aspx Credit Transfer 1800 882 330 Get a quotation Sage 200 Extra Online (ERP) http://www.sage.ie/software-and-services/business-management-solutions/sage-200-extra-online Credit Transfer Get a quotation Sage 200 Extra (ERP) http://www.sage.ie/software-and-services/business-management-solutions/sage-200-extra Credit Transfer DebaPay Limited firstname.lastname@example.org
01 539 4240
€120* per annum DebaPay SEPA Credit Transfer www.debapay.com/#sct Credit Transfer Lir Software
T : +353-1-8648748
This price is an annual license fee and includes unlimited support and free upgrades
EazyEFT SEPA Edition www.lirsoftware.com Credit Transfer & Direct Debits Business Software Solutions email@example.com
(50% discount if < 50 transactions per month)
SEPA Credit Transfer www.sepadirectdebits.ie Credit Transfer & Direct Debits
Mercury Software Ltd.
Mark Nolan €295 Annual Licence Fee, includes support and updates AutoPay https://mercurysoftware.ie/autopay/ Direct Debits & Credit Transfers 045-856270 firstname.lastname@example.org Unlimited transactions. Free install and training available (currently provided remotely). *price excludes VAT
Fees and charges
€0.07 per payment, with a minimum charge of €6.35 per month.
To see all costs for SEPA payments, download our Schedule of International Charges and Business Fees and Charges.