Manage and streamline payment collections such as SEPA and Autogiro direct debits
Mandates are a pre-requisite for setting up recurring payments, like direct debits. It is authorisation given by your customer to collect payments on a future date. With Payable you can manage the mandates and set up payment collections through SEPA Core and SEPA B2B through a single API. We handle the complexity of sending the request to the bank.
Mandates are the confirmation from your customer to have the right to collect payments from their bank account. When using this object, you will pass the mandate information including the debtor (the payee from where to collect payments from) and the creditor (your bank account represented by a Payable acc_ identifier). Then Payable will send the mandate to the bank for authorisation. After authorisation is successful you can collect payments by submitting a Direct Debit instruction.
If is your responsibility to ensure the end customer has been presented with the appropriate information and has signed the mandate.
Mandate statuses
| Event | Description |
|---|---|
| created | The Mandate has been created by a user but has not yet been setup with the bank |
| setup | The Mandate has been setup with the bank |
Flow
