SEPA

(Single Euro Payments Area, "SEPA," is an international term).

SEPA (Single Euro Payments Area) is an initiative of the European Union to create a single payment area for euro transactions, enabling fast, cost-effective and efficient cross-border payments.

SEPA

The Single Euro Payments Area (SEPA) is a cross-border payment system established by the European Union. It enables consumers, businesses and other stakeholders to make and receive euro payments throughout Europe as if they were domestic transactions. SEPA aims to remove barriers and differences between national payment systems and create a unified and efficient system for electronic payments. This system will enable direct debits, credit transfers and card payments to be processed quickly and cost-effectively within the SEPA area. The introduction of SEPA has the potential to promote international trade and cooperation by making cross-border transactions more seamless.

SEPA examples

A company in Germany can now make payments to France just as easily as within Germany.

A consumer in Spain can conveniently pay bills from suppliers in the Netherlands.

An online store from Austria can use SEPA to sell its products and receive payments in various EU countries.

SEPA FAQ

  • The SEPA area comprises a total of 33 countries, including the 27 member states of the European Union. In addition, Iceland, Liechtenstein, Norway, Switzerland, Monaco and San Marino belong to the SEPA area.

  • Yes, SEPA payments are made taking into account and complying with extensive security standards to ensure optimal and secure processing.

  • The SEPA system is an efficient and inexpensive solution for international payments across borders. It has the advantage of facilitating trade and promoting economic integration by enabling fast and inexpensive transactions.

  • Yes, both businesses and consumers have the option of using the SEPA system for their payments. This system enables them to process money transactions within the euro payments area securely and conveniently. The application of the SEPA standard ensures uniform rules and thus facilitates the smooth flow of money across national borders. Both companies and consumers can reap the benefits of this system by making fast and efficient payments in euros.

  • SEPA (Single Euro Payments Area) supports a wide range of payment methods, including credit transfers, direct debits and card payments. With SEPA, customers can transfer money or make payments conveniently and securely.