Scheme between companies
The B2B directly debited debt is a type of SEPA direct debit, conceived specifically for transactions between legal entities (companies or self-employed workers).
The main advantage of the B2B scheme is that the refund deadline is reduced to only three days, reducing the trading risk and the risk of default or non-payment. Accordingly, the debtor is not entitled to be refunded by its financial institution once the debit has been made.
The B2B scheme is optional and not all banks may offer the service. The issuer must consult updated details of the countries and entities involved in the B2B scheme, both in Spain and in the remaining countries in the SEPA area, before making a B2B debit.
Requirements
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Optional scheme, not all entities operate under this scheme.
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Accessibility: any account held in the European Union, Iceland, Liechtenstein, Norway, Switzerland, San Marino or Monaco.
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Signing of the order: the holder of the debit account must sign the order.
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Safeguarding of the order: the creditor must safeguard the order, together with its possible amendments or cancellation, for the time required.
- You must provide the unique identifier of the creditor and the mandate reference
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Obligatory single creditor identifier and order reference.
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Use the IBAN code as the standardised code of the debtor's account.
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BIC optional except for destination entities that do not belong to EEA SEPA.
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Specify a specific file format: 19 XML B2B o 19.14 B2B Notepad.
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Sequence of bills- the type of debit should be specified (FRST- first, RCUR-recurring, OOFF-one-off or FNAL-final).
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Submit the direct debits three working days in advance
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Shorter refund deadline of two working days
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Prior debit authorisation: before debiting the account, the entities will obtain the prior authorisation of the debtor.
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Finality of the payment: The debtor waives the right to be refunded by its financial institution once the debit has been made.
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Information on the payment item: 140 characters
Suggestions
The B2B scheme requires maximum care and it is recommendable that both the creditor and debtor are aware of the scheme's characteristics and its main responsibilities:
| Creditor | Debtor |
|---|---|
| The creditor will inform the debtor of the details of this B2B scheme. highlighting the waiver to the right of refund and the prior debit authorisation. Once the order has been arranged, it must be safeguarded, together with its amendments, for a period of 14 months since the last receipt. The debtor will be advised to notify its financial institution that it has arranged a B2B debit, and that it wishes to authorise the charge. |
The debtor, on receipt of the B2B debit, manages the authorisation of the charge, to its account through its financial institution. The debtor will be informed by its financial institution of its possibilities regarding the granting of prior debit authorisation. Once the debit has been authorised and made from the transaction account, the debtor may not request its refund. |