# Direct debit (payment made by direct debit)

- Canonical URL: https://www.gerhardmerk.de/direct-debit-payment-made-by-direct-debit
- Post ID: 592617
- Modified: 2023-07-25T21:00:38+00:00
- Language: en

## Definition

In payment transactions, the collection of an amount from the account of a debtor (payer) with his consent to the account of a creditor (payee, recipient of the payment) through the intermediary of a bank (paying agent). The debit is made by - debit authorization: the payee is authorized by the payer to collect a certain amount from the payer's account on specified due dates or - direct debiting: the payer authorizes his bank to make a debit on specified due dates, i.e. to transfer money from the payer's account to the payee's account. Corresponding transfers are nowadays carried out almost exclusively by electronic means. - See debit authorization, direct debit, electronic, Single European Payment Area, transfer, conditional. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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