Re:x402 — An open protocol for internet-native payments
by disgruntledphd2 on Thursday September 25, 2025 @09:58AM
(#45372711)
Yeah, I was referring to SEPA direct debit (consumer), rather than the business one which has the terms you describe in your first paragraph. Sepa consumer is a lot more common though.
Re:x402 — An open protocol for internet-native payments
by cornholio on Thursday September 25, 2025 @12:05PM
(#45374557)
What I'm saying that direct debit (the ability to authorize a merchant to draw money from your account repeatedly at a later date, for example to settle a monthly bill, comparable to giving them your credit card number) is a different payment workflow than a SEPA money transfer (initiated by the consumer), which would be presumably be used for an internet settlement protocol.
You might be referring to SEPA direct debit, which can be reversed unilaterally by the client at any point during the 8 weeks. These are payments initiated by the merchant, using an already established direct debit channel.