Quote:
Originally Posted by MaDalton
My guess: EU Direct Debit has a "chargeback" rate of about 25% because of underfunded accounts, wrong account information or simply people charging back since it's one click in your homebanking software - without any discussion with the bank. and they forgot to pass those chargebacks on to you and paid you by accident the full amount.  |
That sounds very possible. Belgium (Mr. cash) and The Netherlands (Ideal) are guaranteed but German direct debits are "only guaranteed when the account has money on it".
Other countries I am not up to date with. But I believe Norway has it too.
There will be a uniformal SEPA before 2012 creating a universal guaranteed direct debit system across most of Europe which is user generated and confirmed by their own internet banking.