AbeBooks currently offers sellers located in Germany, who pay their fees in Euros, the ability to pay AbeBooks by direct debit. In order to comply with SEPA (Single Euro Payments Area) regulations, and so direct debit may be offered to other sellers within the Euro Payments Area in the future, the following update has been implemented.
Note: This information applies only to bank account information provided specifically for direct debit, where direct debit is offered to sellers. If you’ve provided your bank account information for EFT payment purposes only, the following information does not apply.
If you have the ability to pay your AbeBooks seller fees via direct debit from your bank account, by providing AbeBooks with your debit account information, you authorize:
As a part of your rights, 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.
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.
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.