Collections are SEPA direct debit collections, including SEPA CORE direct debits and SEPA B2B direct debits.

To initiate a direct debit, a mandate signed by the debtor is required. You have the option to use our signature request workflow, which handles this signature, or you can choose to manage it yourself. Whichever method you select, you will only need to provide the mandate information when setting up the direct debit, not the signed document itself.

They can be initiated asynchronously, one by one or in bulk.

Unlike transfers, collections can only be scheduled for a date in the future. As a result, their lifecycle is also simplified.

Collections lifecycle