SEPA Credit Transfer via Stripe 

Stripe has stopped enabling the SEPA credit transfer payment method for new customers as part of their migration to a new bank transfers  feature. However, customers who already have SEPA credit transfer enabled on their Stripe account can continue to use it.


Offline payment methods, majorly bank & wire transfers (also called as Push payments) are used by SMBs and Enterprise businesses alike.

When customers pay offline, the transaction details are not sufficient to update the due invoices. This could be due to

  • the payment amount changes because of foreign exchange rate conversion involved in multi currency payments
  • reference details or payment instructions do not reach when you receive the payment

So there is a lot of manual effort involved in reconciling payments with due invoices.
With Stripe's SEPA Credit Transfer feature , Chargebee updates payment due invoices (offline) accurately and removes the effort required to search and update due invoices.

What is the feature all about?

  • Chargebee auto-generates a virtual bank account for each of your customers via Stripe
  • The virtual bank accounts details are mentioned in the invoice (payment instructions) sent to your customers
  • Customers can transfer the amount to this virtual bank account
  • Chargebee receives the payment info from Stripe and reconciles the invoices (unpaid invoices are marked as paid automatically).
  • For the feature to work, you need to enable Sepa Credit Transfer in your Stripe account. This might be subjectable to certain reviews. Please contact Stripe's Support team to know more.
  • This feature is available only in selected plans. To know more, visit Chargebee's Plans and Pricing  page. Refer Stripe's pricing details  for accepting payments via SEPA Credit Transfer.
  • Available for Stripe Payment Gateway only.
  • Applicable for merchants in France, Germany, Spain, Belgium, Netherlands, Luxembourg, Italy, Portugal, Austria and Denmark.
  • If you have multiple Stripe accounts, this method can be enabled for one account only.
  • This method cannot be a primary or backup payment method.
  • To use this method, Email address and Billing Country should be captured mandatorily. If you are using Chargebee's Checkout, mark this field as mandatory in your site's Checkout settings. If you are using Chargebee's API, you should make the fields mandatory in your checkout page.
  • Refunds are not supported via Chargebee

Configure SEPA Credit Payment Method 

Here's the list of steps to be done to setup and accept payments via Stripe SEPA Credit Transfer:

1. Enable SEPA Credit Transfer 

You can enable the Stripe SEPA Credit Transfer option in the Stripe Gateway settings page.
Navigate to Settings > Configure Chargebee > Payment Gateways > select a Stripe Account or create a new Stripe Account > Enable SEPA Credit Transfer

2. Reconcile Payments to Invoices 

Select how you'd like to apply the payment to customers payment due invoice. You can either apply it automatically or manually. When a customer chooses to apply manually, he can select the invoices for which he wants to apply the credits. Selecting Automatically applies the credits in the order of precedence (old to new).

3. Choose Display options 

Choose the customers for whom you'd like to show the "SEPA Credit Transfer" option.

4. Setup webhooks in Stripe 

You must configure webhooks in Stripe for Chargebee to receive the payment notifications (when customers make payments).
You can copy the webhooks URL from the gateway settings page and paste it in your Stripe account at Your account > Account settings > Webhooks > Add endpoint > Account.

Review Payment Instructions 

Chargebee will automatically create a Payment instruction to display the Virtual Bank account details in your invoices. You can review and edit them if required.
Navigate to Settings > Configure Chargebee > Customize Invoice > Payment Instructions > SEPA Credit and review the Virtual Bank Account Details.

Learn more about Payment instructions here.

Virtual Bank Account 

A virtual bank account is a unique account number which is generated so you don't need to share your sensitive bank account details with your users. A virtual bank account can be paid with SEPA credit or wire transfer. Users can make payment of the amount due to this account, and the amount will be matched with the invoice.

  • Stripe creates a virtual bank account (linked to your bank account) for each of your customers using your customer's email address
  • Customers will receive account details instead of your actual bank account details
  • Customers can transfer the payment to this virtual bank account
  • This eases the process of reconciliation in Chargebee

Chargebee auto-generates virtual bank accounts in Stripe when there is a Payment Due, Posted, Not Paid invoice is created for a customer.

When customers are created, ‘Email' and ‘Country' attributes will be mandatory.
The Email address is linked to the customer and is used to create a Virtual bank account.

Reconciling Invoices and Payments 

  1. A customer from Europe makes a transaction in Euro gets a virtual bank account automatically created.
  2. Once customers receive the invoices with virtual bank account details, they will transfer the payment to this bank account.
  3. Payment is processed and Chargebee will receive the payment notification from Stripe (via webhooks).
  4. Merchants can choose the invoice to which they wish to make the payment. If they have selected a manual mode in the settings, they can select the Invoice and make the payment. If they have selected Automatic, then Chargebee will apply the payments to all the due invoices, going by the invoice that was generated first.

Disable SEPA Credit Payment Method 

You can disable SEPA Credit Transfer in the Gateway settings page.

  1. Go to gateway settings page and disable
  2. Chargebee will remove the payment instructions automatically
  3. Once disabled, Chargebee won't add the virtual bank account details (already created for the customers) in the invoices
  4. Chargebee will not create virtual bank accounts for new customers created subsequently as well
  5. If a customer still transfers a payment (or has already initiated a transfer) Chargebee will reconcile the invoice


1. How to refund an SEPA Credit transfer payment? 

SEPA Credit transfer payment cannot be refunded via Chargebee. You should process the refund via Stripe or manually.

2. What happens if customer transfers the money even after virtual bank account is disabled or deleted? 

When you remove the SEPA Credit transfer payment method, Chargebee will not show the payment instruction in the subsequent invoices. If customers have transferred the amount to that virtual bank account, Stripe will refund the amount to the customer.

3. What if the customer transfers an amount which does not match the invoice due amount? 

If the amount is less, a partial payment will be recorded against the invoice.
If the amount exceeds, the additional amount will be stored as excess payment for the customer.

4. What will happen if an invoice is in dunning and the dunning attempt succeeded and the customer has transferred the amount as well? 

The additional amount will marked as excess payment at the customer level.

5. Can I create or retrieve a Virtual Bank Account via API? 

You can use Chargebee's virtual bank account API  to manage the accounts.

Was this article helpful?