The customer’s account is debited immediately using a direct debit. The money transfer is handled via your corporate bank and the payment amounts credited directly to your business account. As the credit-worthiness of the customer is not checked, with unsecured accounts there can be returned debits that are subject to a fee. At all events, small transaction costs and potentially increasing sales should be set against this risk. The standard account check 4safe® ensures a reduction of the risk of loss, amongst other things through a plausibility check of IBAN (or account number and sort code) as well as the checking of various blacklists, movement profiles and transaction limits.
Extended security checks (addresses, identities, persons, scores, etc.) via our partner "creditPass" can be implemented within the authorization process. Please get in touch with the creditPass team directly via or +49 89 273747-210 to obtain further information.
As a merchant you have to apply for a bank account with a German bank and certify that you will allow the processing of electronically filed direct debits. Besides a processing contract with Datatrans, you additionally require an acceptance contract with creditPass.