Re:What Is the PCI of Bank Payments?
by seaghost on Thursday July 30, 2020 @04:40PM
(#24002614)
They do, but direct debit is only allowed to “large” companies that move a lot of money in my experience. Usually you have to consent to allow direct debit, sometimes in the paper form, sometimes just by entering your account number. My startup tried to add direct debit via Stripe but our bank didn’t allows us to do because we don’t move a lot of money through our banks accounts also we’re not known. I think a lot of financial things in Europe are based on trust.
[ Parent
| on HN ]
Are you sure you aren’t confusing a bank transfer with direct debit? DD in the US requires PAD/PAP between the debtor and the collector and is cleared through ACH regardless of the size of the account or the sum.
Re:What Is the PCI of Bank Payments?
by formerly_proven on Thursday July 30, 2020 @05:02PM
(#24002819)
No, what GP is saying absolutely is a thing, but not terribly common. Bosch PT Service is one of not that many companies that use it. You only give them your IBAN and check a box basically saying you authorize them to debit the money from your account.
That’s how Direct Debit works all over the world, that tick is the PAD/PAP contract being signed you basically pre-approve debit requests with it.
Here in Spain small companies like my accountant do it too. You can reverse it though even for large corps. Orange the telco took some amounts but cut off service (no clue why) so I had them all reversed.