Stripe integration (Basic): Add SEPA Direct Debit payment method

TaxDome offers all the standard methods for clients to pay—credit/debit card, electronic check, and even cash (if a client prefers paying in person). Here, we show you how to set up SEPA Direct Debit, which allows clients to send euros to your Stripe account from TaxDome.

Covered here:

SEPA Direct Debit

SEPA Direct Debit lets Single Euro Payments Area (SEPA) clients pay using their bank account details. They must agree to the terms that authorize you to debit their accounts.

A SEPA Direct Debit payment is not immediate: it takes up to 14 business days to receive a notification about whether the payment went through; the average is five business days. The status remains  In progress until it the payment posts.

Maximum single payment amount: EUR 2000.

Step 1: Add SEPA Direct Debit to Stripe

First, make sure your default currency on Stripe is euros. If that is not already turned on by default, add SEPA Direct Debit from the Stripe Dashboard without changing your code.

Go to the Bank debits section and click Turn on to the far right of the SEPA Direct Debit option.

Follow the prompts and fill in what is needed. 

Step 2: Set up Stripe on TaxDome

After everything is set on Stripe, check the following on your TaxDome portal:

  1. You’ve connected your Stripe account to TaxDome. Here are the instructions for connecting to Stripe.
  2. Your default payment provider is Stripe. Go to Settings Integrations from the left menu bar. Here's more on selecting a default payment provider.
  3. You've selected Credit Card or Bank Debits as your payment method in the Payments tab. This can be done only by a firm owner or admin.

When you select both, you’ll be able to specify the preferred payment method for each invoice you issue or let the client choose.

What clients see when you enable SEPA Direct Debit

Once you've enabled SEPA Direct Debit, your clients will see the SEPA Debit option in their payment window.

To make a payment, a client needs to enter their bank account details:

  1. IBAN
  2. Email
  3. Full name
  4. Country or region
  5. Address line 1

After a client clicks Pay, Stripe sends the information to the bank and waits for approval. The payment status remains In progress until it goes through. Here's more on invoice statuses.

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