SDD B2B

Business-to-business SEPA collection scheme, distinct from Core.

Definition

The B2B scheme is for business (non-consumer) debtors only. Unlike Core, it grants no "no-questions-asked" refund right for an authorised collection; the debtor's bank must check each collection against the mandate data, which the debtor has confirmed to it beforehand. Presentation timelines are shorter than for Core.

Origin

Defined in the European Payments Council SEPA Direct Debit Business-to-Business Rulebook (EPC222-07).

Example in context

In pain.008 the scheme is flagged by <LclInstrm><Cd>B2B</Cd></LclInstrm> (versus CORE for the consumer scheme).

Related terms

• SEPA Direct Debit — parent scheme of which B2B and Core are the two variants.
• R-transaction — applicable exception handling, more restricted under B2B.