General Settings
- Creditor Identifier. A standardized identification number that unambiguously identifies the creditor.
- BIC. Bank Identifier Code (BIC, ISO 9362).
- IBAN. International Bank Account Number (IBAN, ISO 13616).
- SEPA Message Schema
- SEPA PAIN format that is used for generating XML files with payment transaction requests. The plug-in supports the following SEPA PAIN formats:
- pain.008.001.02
- pain.008.001.03
- pain.008.003.02
Contact your Bank to clarify which of the PAIN formats it accepts.
Financial Settings
- Payments Mandate Required. When disabled, the option allows to include SEPA transactions into the Batch without a mandate. That means that payment method is not verified. Enabled option means that only payments that have been made with a verified payment method will be included into the Batch (i.e., the mandate was received).
- Payment Approval Required. With the enabled option, only approved SEPA transactions can be included into a Batch. Disabled option means that system includes all payments into the Batch regardless approval.
- Due Period.The number of days starting from payment creation when the end customer will be debited (14 days by default).
- Enable COR1 Debit Schema. The option left for backward compatibility.
- Release Payment:
- On Generating a Batch – payments are released once the batch has been generated. Select this option if you do not plan to wait for batch to be considered approved.
- On Batch Approval – payments are released as the batch is considered approved.
Payment Cancellation Settings
- Payment Reject Charge. The amount to be charged from customer if his payment has been rejected by bank for any reason (wrong account information, for instance); a penalty for rejected SEPA transaction.
- Tax Category. If you want to tax the payment reject charge select a tax category to assign to the charge.
- Automatically Charge Reject Fine. When the option is enabled then in case of a rejected payment an invoice will be created automatically on importing response from the Bank. The invoice will contain the “Payment Reject Charge” detail.
Note: You can set up the notifications for SEPA plug-in for native language as described in KB Article #119273.