As much as I like SEPA it is primarily for bank transfers.
The way that payments work through SEPA is that the merchant pulls the money from your account. Legally they require a "mandate" - this can be as little as a handwritten signature on a document.
Security is essentially provided by easy reversal and strong penalties for abuse.
The way that payments work through SEPA is that the merchant pulls the money from your account. Legally they require a "mandate" - this can be as little as a handwritten signature on a document.
Security is essentially provided by easy reversal and strong penalties for abuse.