Collect and administer bill payments more efficiently
If individuals or businesses pay you periodically for services that you provide, you constantly have to collect and administer a large number of payments. Select our bill payment collection service and we’ll automate this process for you.
- A convenient way for customers to pay for your services
- Simple administration of revenue received
If individuals or businesses pay you periodically for services that you provide, you constantly have to collect and administer a large number of payments. Select our bill payment collection service and we’ll automate this process for you.
Benefits for the company (beneficiary)
- All of the necessary payment order details – the bank ensures that the payer enters all of the payment order details required by the company (payer ID, payment code, meter readings, etc.), so the company no longer has to waste time with incomplete information
- Opportunity to save time by optimising payment accounting processes – information about payments received is presented in the company’s account statement in a structured way according to pre-agreed rules. The account statement can therefore be uploaded to the company’s accounting system and the payments received can be processed automatically
- Fewer mistakes – the bank ensures that the payment order details are in line with the rules applied by the company (e.g. the length of the payer ID entered can be checked, etc.)
- Lower system installation and maintenance costs – at the request of the company, the bank provides information in the account statement in accordance with the LST TS 2009:2016 technical standard for the collection of payments. This standard is mandatory for all banks operating in Lithuania, so the company does not have to adapt to certain technical solutions offered by banks
- Convenient way to declare meter readings – at the request of the company, the bank provides payers with the opportunity to submit meter readings in the electronic payment order form
Benefits for the payer
- Simple and quick – when completing the payment order, the recipient’s name, bank account number and certain other payment order details are pre-entered
- Fewer mistakes – the bank checks to make sure that all of the payment order details required by the recipient (payer ID, payment code, etc.) have been entered
- Convenient – ability to create a payment order template and/or conclude a standing order agreement
- Time saved – meter readings can be declared when completing the payment order
Title
How is this service provided?
Description
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You conclude a bill payment collection agreement with the bank that sets out the mandatory payment order details and applicable rules for your company (field length, possible values, etc.).
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The bank then creates a special electronic payment order form for your company, which payers can find via SEB Internet bank in the ‘Payments’ → ‘Bills and taxes’ section.
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If the customer pays via Internet Bank by completing the electronic payment order form for your company, the bank ensures that the payment order details are provided in accordance with the rules agreed with your company.
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Information about the payments received is presented in your account statement according to pre-agreed rules.
Price list
| Payment collection service fees apply to the beneficiary | |
| Conclusion of the contract | 20 Eur |
| Amendment of the terms of the contract | 30 Eur |
| Termination of the contract | Free |
| Fee for the payment received if the payment order is submitted after filling in the electronic payment order form | EUR 0.35 or 1.3% of the amount of the contribution |
For more information about your bank account, money transfer, other related services, terms and rates, please call +370 5 268 2822 (I-V 8:00-17:00).
