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not sure where you get the 0.0001% figure. The protections are part of the regulations. A consumer can reverse a SEPA Direct Debit transaction at any time. Th
by mellavora 4y ago
not sure where you get the 0.0001% figure.
The protections are part of the regulations.
A consumer can reverse a SEPA Direct Debit transaction at any time. This is called a chargeback. A chargeback is allowed up to 8 weeks after the date of the direct debit with a valid mandate and up to 13 months without a valid mandate. At most banks, the consumer does not have to give a reason for the reversal.
https://help.mollie.com/hc/en-us/articles/115000796469-How-do-chargebacks-work-with-SEPA-Direct-Debit-transactions- https://help.mollie.com/hc/en-us/articles/115000796469-How-d...
- Symbiote 4y agoDirect debits are the thing used to automatically pay your electricity bill every month. A different system with different rules to a one-off personal or business money transfer.