When an authorisation is offered without a collection date or with an overdue collection date, the Buckaroo systems will (re)calculate the date. Taking into account the (European) banking days and public holidays. The calendar opposite is part of the explanation of the system.
Here’s an explanation of the timelines within the SEPA schedule.
Example
Suppose the Merchant offers an authorisation to Buckaroo. Then the following steps apply:
This example is meant to give you an impression. In reality, the actual date of execution might differ from the date that is determined based on Buckaroo’s calculation. This can differ due to several non-banking days. If the SEPA Direct Debit should be executed on a specific date, this should be mentioned in the transaction request to Buckaroo.
When the SEPA Direct Debit collection date is stated on Monday, an exception is possible. Payment of the amount involved with the SEPA Direct Debit transactions is sometimes already reported to Buckaroo on the statement of the Friday before the collection date. In that case, the status of the SEPA Direct Debit transactions will already be set to successful on Saturday morning. This is in contrast to the other weekdays, where the status of the SEPA Direct Debit transactions is updated on the collection day itself.
The overview below lists each (special) banking day and whether payment services are available on that day.
Name of day |
Payment services available? |
New Year’s Day |
no |
Good Friday |
no |
Easter Monday |
no |
King’s Day |
no |
Labour Day |
no |
Liberation Day |
yes |
Ascension Day |
yes |
Whit Monday |
yes |
Christmas Day |
no |
Boxing Day |
no |
New Year’s Eve |
yes |