Mandates

Authorization to collect funds. Mandates in Atlar authorize your organization to debit a counterparty’s bank account using direct debit schemes (e.g. SEPA Direct Debit in Europe). A mandate acts as a formal agreement between you and the counterparty.

Mandates are required for:

• Compliance – Direct debit schemes typically require a signed mandate before funds can be debited.
• Authorization – Mandates prove that you have permission to initiate debits from the counterparty’s account.
• Tracking – Atlar stores and tracks mandates so they can be referenced whenever you initiate a payment.

How to Create a Mandate

1. Collect Authorization

   • Obtain the debtor’s signature (e.g., via an online form or PDF) along with their full name, IBAN, and address.
   • Confirm with the debtor that the mandate is registered with their bank.

2. Create the Mandate in Atlar

   • Navigate to Payments → Mandates and click Actions → Create in the top-right corner.

3. Store the Signed Mandate

   • If applicable, store a copy of the signed mandate.

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   Note: Atlar does not store signed documents—your organization is responsible for secure storage.

4. Use the Mandate to Collect Funds

   • Once the mandate is active, you can initiate direct debits using it.
   • For more details on initiating payments, see the Direct Debits page.

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Tip: Always verify that mandates meet the regulatory requirements of the payment scheme (e.g., SEPA rules) before initiating a direct debit.