UK-based fintech company payabl. has launched SEPA Direct Debit capabilities within its payment services for businesses.  

This will facilitate the automatic collection of recurring euro payments for companies operating across the 36 SEPA countries, the company claims.  

The newly introduced functionality allows merchants to accept recurring payments from customers through payabl.’s gateway.  

This is particularly relevant for business models based on subscriptions, as well as media services that rely on regular billing cycles, the company added. 

The SEPA Direct Debit feature is designed to streamline payment processes, with a focus on hosted checkout systems, the creation of secure payment mandates, and the provision of automated pre-notification alerts to customers. 

For businesses using payabl.’s business accounts, the SEPA Direct Debit service offers the ability to automate outgoing payments, such as those to suppliers, utilities, or government entities, including a real-time notifications and a system for mandate control and approval workflows, all accessible via the payabl.one portal.  

payabl. head of product Breno Oliveira said: “Businesses need different solutions for different payment challenges. That’s why we’re launching SEPA Direct Debit across both our acquiring and business account products.  

“Whether you’re collecting from customers or paying suppliers, each product has been purpose-built to match the workflows, pricing, and operational needs of that use case, without compromise.” 

payabl., established in 2011, operates out of multiple European locations including the UK, Germany, the Netherlands, Cyprus, and Lithuania.  

The company’s portfolio encompasses a variety of payment products, ranging from card acquiring and business accounts to integration with over 300 local payment methods and the provision of POS terminals.