Single Euro Payments Area (SEPA) Direct Debit Payments

Single Euro Payments Area (SEPA) Direct Debit Payments are operated under the terms and mandate of European Payments Council (EPC), http://www.europeanpaymentscouncil.eu/

The specific rules associated with the Direct Debit Mandate, it use, the obligations of In1 and the processes to be applied are detailed at
http://www.europeanpaymentscouncil.eu/index.cfm/sepa-direct-debit/the-sdd-mandate/

The Customer will be supplied with a Direct Debit Mandate of the following format:

sepa_in1solutions

This SEPA DD mandate must be signed and return by post as In1 must retain an original signed document on file. The Direct Debit Mandate registration information is securely stored on In1 servers and we require the inclusion of the email of a Payment Contact for the Customer. We recommend a generic contact such as accounts@customerURL.ie or billing@customerURL.ie in preference to that of an individual who may be on vacation at time of some monthly billing.

Once the SEPA DD setup is complete, a variable amount will be debited by In1 each month per the balance in the statement in the In1 Management Console.
Once received, the account will be operated under a Direct Debit process.

The payment plan is as follows:

  • Invoice issue after month end between 1st and 5th of the month.
  • Customer can review the account from at minimum the 5th to the 10th of the month and advise In1 of any issues or revisions.
  • In1 apply the debit on or about 10th of the month. The debit is applied to the customer account within approximately 3 to 5 days provided sufficient funds are available.
  • When payment received into In1 Solutions bank account, the customer statement available in In1 Solutions Management Console is updated to reflect this.

 

Our intention in the above timeline is to apply the Direct Debit as far from month end as possible as we are aware that month end is already a demanding time for payments by our Customers.