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 in 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 both the mandate information and the direct debit frequency and first amount to be collected. Then Payable will send the mandate to the bank for acceptance and automatically schedule the collection to happen.