Payment transactions
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Payment flows without bottlenecks or disruptions
Payment transactions
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Our payment transaction services,
Simple and efficient management of payment flows
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SEPA transfers and direct debits
Fast crediting of transfers and fast availability of collected direct debits
Euro urgent payment transfers
Priority handling of urgent payments, with same value date settlement
SEPA Instant Payment (Credit Transfers)
Fastest possible transfers from the principal to the beneficiary, with reconfirmation of payment
Global Transaction & Routing Service
Centralised acceptance and routing/conversion of transfer and direct debit orders in local or standardised formats
SEPA transfers and direct debits,
SEPA: uniform procedures across the EU ensure efficiency
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Fast
All electronic SEPA payments are executed within one bank business day
Informative
Precise advance information about upcoming account debits
Bulk-capable
Uniform and unambiguous standards for all participants enable efficient processing of SEPA mass payment transactions
The characteristics of SEPA transfers and direct debits
SEPA transfers (credit transfer)
You can use SEPA transfers within the SEPA area
SEPA Direct Debit Core / SEPA Direct Debit B2B
Two direct debit variants are available for different requirements:
- SEPA Direct Debit Core, which is mainly designed for B2C payments, and provides consumers with refund rights; and
- SEPA Direct Debit B2B, which is used for payments between businesses, without any rights to refunds.
SEPA Instant Payment (real-time credit transfer),
Just in time – bulk submissions available now: Bulk instant payments
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A matter of seconds
The beneficiary is credited the payment within a few seconds following execution
Around the clock
Payments are executed at any time: 24 hours a day, seven days a week, 365 days a year
Receive a confirmation
In contrast to traditional SEPA transfers, the receiving bank confirms receipt of funds
Euro Urgent Payment (CCU via EBICS),
Execution of urgent payments via electronic payment methods (EBICS)
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With euro urgent payments can be credited to the beneficiary with same value date settlement.
- They are often used for account transfers (treasury payments), payments of large amounts and urgent invoice settlements with same value date settlement.
- As a rule, urgent payments can only be ordered paperless in euros, and with an electronic signature.
- For same-day execution, please observe the respective cut-off times.
Global Transaction & Routing Service ,
Single point of entry instead of country-specific particularities
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One portal
No additional conversion or local banking software required
Direct
Direct access to numerous local and international clearing systems
Know-how
Extensive advisory services concerning central payment transaction management, for clients operating internationally
Questions and answers ,
Everything you need to know about payment transactions
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- Authorised SEPA Direct Debit B2B cannot be returned due to objection.
- The SEPA Direct Debit B2B mandate differs in its content from the SEPA Direct Debit Core mandate.
- The payer’s bank must check the SEPA Direct Debit B2B against the SEPA Direct Debit mandate deposited with it by the payer.
- Returns by the payer's bank are only permissible in justified cases (e.g. lack of funds) – up to two days following the due date.
SEPA transfers are made exclusively in euros, and within the SEPA area. They can be submitted via various electronic access channels or by paper-based payment orders, and the amounts are not limited. The accounts of the principal and the beneficiary are identified via IBAN and BIC. When a payment is initiated electronically, the processing time for it to reach the beneficiary's bank is one bank business day.
A SEPA transfer must be ordered as a SHARE payment (fee sharing). This means that the principal and the beneficiary each bear the fees incurred by their respective credit institutions. These charges are debited separately and the transfer amount is credited to the beneficiary's account without deduction.
In principle, express transfers can only be ordered paperless in euros with an electronic signature. For same-day execution, the cut-off times – 3:45 pm on our business days for payments submitted in Germany– must be observed.
SEPA Instant Payment (Credit Transfers) have a maximum amount of €100,000 per transaction. If this limit is exceeded, the transaction will be rejected. There are no cut-off times for SEPA Instant Payment (Credit Transfers).
SEPA Direct Debit Core and SEPA Direct Debit B2B are available exclusively in euros, within the SEPA area, and via electronic access channels. There are no amount limits. Cross-border direct debits must be reported pursuant to the German Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung).
Each creditor requires a unique and standardised creditor identifier. The creditor has to provide the SEPA Direct Debit with a due date on which the payer's account will be debited, and submit the direct debit to their bank with a certain lead time.
The payer authorises the collection via SEPA Direct Debit mandate. For recurring direct debits, he will be informed of the impending debit from his account with a pre-notification of the amount and due date.
SEPA Direct Debit B2B is used exclusively for payments between businesses client. It differs from the SEPA Direct Debit Core in the following respects:
Commerzbank enables same-day posting of STP-eligible payment orders if they are received by the Corporate Client Service team responsible for your account on our business days, within the applicable cut-off times. The cut-off time for SEPA transfers with electronic signature is 5 pm. EURO express transfers (CCU via EBICS) with electronic signature must be submitted by 3:45 pm. SEPA Instant Credit Transfers with electronic signature, on the other hand, are possible around the clock every day.