SEPA Lastschrift is a widely used payment method in Germany for customers who prefer bank transfers over credit cards. It allows users to debit funds directly from their bank accounts using their IBAN. Planet ensures the secure handling of these transactions. Merchants benefit from quick payments but face some risk with returned debits due to the lack of credit checks. Tools like the 4safe®-Check from creditPass can help reduce risk by verifying account details and transaction patterns.

Merchants must comply with security checks, including blacklist reviews, transaction monitoring, and IBAN verification, to ensure the reliability of the payment process. These checks help minimise the risk of loss due to insufficient funds or fraudulent transactions.