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by Denvercoder9
1172 days ago
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> What makes it work is that, under the SEPA Direct Debit framework, the risk of fraud and insufficient funds is 100% on the party initiating the direct debit. Additionally, you need to have a direct debit agreement with your bank to be able to initiate a direct debit. You need to show at least some legitimate banking history (and a government-issued ID) to get one, and they come with limits on how many and how much you can debit per period, and your bank will terminate the agreement if your reversal rate is higher than normal. |
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