Mount Vema representatives in Europe were informed by one of its payments service provider Stripe, that it will be processing SEPA Direct Debit, a popular European banking payment method for Mount Vema.
The news was welcomed by the community in Europe as it will give more payment options for community members and customers who prefer an alternative form of payments rather than just credit or debit cards.
Before payment is processed, the customer must accept the SEPA Direct Debit mandate, and their acceptance authorizes Mount Vema and Stripe the payment service provider to collect payments for the specified amount from their bank account using SEPA Direct Debit.
Because bank account information is sensitive by nature. When bank details are collected, a secure platform provide by the service provider prevents customer’s bank account information from touching the server and reduces the amount of sensitive data that needs to be handled securely.
Most Mount Vema customers in Europe have welcomed the news, because SEPA Direct Debit payments are not immediately guaranteed. A charge created from a SEPA Direct Debit source can remain in a pending state for up to 14 business days, so they have enough time to think about any financial decision.
Although some people have welcomed the news, others like service providers working with Mount Vema and others already using SEPA Direct Debit, say they prefer not to fulfill orders until the charge has been received, which is not really good for business but Mount Vema is just happy that its loyal customers will have more payment options.