AbeBooks offers sellers in SEPA (Single Euro Payments Area) countries, who pay their fees in Euros, the ability to pay AbeBooks by direct debit.
By providing AbeBooks with your direct debit account information, you allow:
Note: This information applies only to bank account information provided specifically for direct debit (i.e. the account used to pay for your seller fees). If you’ve provided your bank account information to receive electronic fund transfers (EFT) of your seller payments, this information does not apply.
Please note: You are entitled to a refund from your bank under the terms and conditions of your agreement with your bank. A refund must be claimed within 8 weeks starting from the date on which your account was debited.
If you add both direct debit and credit card information to your account, we will first debit your banking information to recoup the funds owed. If this debit is not successful, we will attempt to charge the credit card on file.
What is SEPA?
SEPA (Single Euro Payments Area) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. Beginning Feb 1, 2014, all Euro Direct Debit payments between Euro zone bank accounts must conform to SEPA regulations, including collection of Direct Debit Mandates and routing of payments using BIC and IBAN numbers.
For more information on SEPA please visit the European Central Bank site below:
What is a Direct Debit Mandate?
A Mandate is the authorization you provide to AbeBooks to direct debit your bank account. By providing AbeBooks with your debit account information, you have provided AbeBooks with a Direct Debit Mandate. SEPA regulations require that each Mandate is assigned a Mandate ID number.
Where can I view my Mandate and Mandate ID?
If you have provided a Mandate, a printable version, including your Mandate ID, is accessible through the [My Bank Account Information] link in your Members Menu.
Can I cancel my Direct Debit Mandate? If so, how?
You can cancel your Mandate at any time. To do so, simply delete your direct debit bank account details through the [My Bank Account Information] link in your Members Menu
Does my Mandate ever expire?
Your mandate expires 36 months after the last attempt to apply a charge to your account by direct debit, or 36 months after your mandate was created, whichever is later.