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.
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
The Right to Self-Determination
Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination