Direct Debit authorizes the merchant’s bank to withdraw funds from the consumer’s bank account in either a one-time or recurring manner.
|Germany, Austria, Netherlands
|E-mail, app, web portal, phone, chat, chatbot, social
|Customer self-service options
|App, web portal
|Reliable merchant support
|merchant service desk, merchant portal, 24/7 monitoring service
Direct Debit Agreement
A direct debit agreement is the legal arrangement that authorizes a business to automatically access a consumer’s account. At check-out, the consumer provides their bank account details (IBAN). A direct debit agreement is auto generated once the consumer agrees to Riverty’s general Terms & Conditions and authorizes Riverty to initiate a direct debit payment.
SEPA Direct Debit
Riverty utilizes Single Euro Payments Area (SEPA) Direct Debit. SEPA is the best Debit Debit solution on the European market for these specific reasons:
Trust: SEPA was established by the European Banking Industry in conjunction with National and EU governments
Geographical Coverage: SEPA covers the EU, EES, Liechtenstein, Norway, San Marino, Monaco and Switzerland
Currency: SEPA transactions are in Euros regardless of the participating countries involved
Mandate Management: SEPA utilizes a standardized mandate process
Convenience: Direct Debit eliminates the need to receive, manage, and pay invoices sent by post or email
Flexibility: Consumers have the flexibility to choose the payment frequency and amount (recurring payments), making it easier to manage expenses and budget effectively
Security: SEPA Direct Debit is protected by strict banking regulations. Consumers have the right to revoke or dispute payments, providing a sense of security against unauthorized withdrawals
Consumer Experience Flow
Riverty provides a streamlined Direct Debit user interface that neatly matches the required IBAN input and Direct Debit agreement legal language with the other payment methods available in checkout.
Improved Cash Flow: With Riverty’s Direct Debit, merchants can predict and manage cash flow more effectively since payments are automatically collected on predetermined date intervals set by the merchant
Guaranteed Payment: Riverty’s Direct Debit allows merchants to focus on their business and maintain profitability by assuming the risk of customer non-payment
Reduced Administrative Burden: Direct debit reduces merchant’s administrative tasks such as invoice preparation, chasing late payments, and account reconciliation
Customer Retention: Direct Debit can enhance customer satisfaction and loyalty through its ability to schedule recurring payments
Visit our Documentation for additional details
Introduction to the Riverty Merchant Portal
Be sure to sign up for a Riverty Merchant Portal Account! Individual transactions are managed through the Merchant Portal, along with access to many other features like financial reports and branding.
The Merchant Portal Guide provides a full tour.
How To Start Integration
Start With One of Riverty's Integration Guides