Everything you need to know about SEPA bank transfers.
SEPA is one of the most common payment methods in Europe. With SEPA bank transfer (also called SEPA wire transfer, SEPA credit transfer or SEPA credit transfer), you can make payments very easily by bank transfer, throughout Europe.
A SEPA bank transfer allows European bank account holders at home and abroad to transfer payments in euros from one IBAN to another IBAN account.
It works almost the same as a regular IBAN transaction, only this time an extra code is requested. This is the BIC code; also known as the SWIFT code. The BIC code consists of a letter and number combination that refers to the bank you are sending to.
With SEPA bank transfer, customers from all over Europe can order and pay safely in your webshop.
When your customer chooses the payment method SEPA bank transfer, he is directly and automatically referred to the payment screen of Pay. There is all the information he needs to pay.
The customer can also choose to pay later. After leaving his email address, the customer automatically receives an email containing all the payment information, such as the IBAN account number.
On average, it takes 1 to 3 business days to process a SEPA transfer. In case of a payment not found, it can take 3 business days longer. A payment outside the EU takes a maximum of 5 business days. When paying by SEPA bank transfer, it is always important that your customer correctly notes the payment reference. If this is not the case, the actual payment may also be delayed.
Pay. always offers low transaction fees. Every payment method - including SEPA - is easy to integrate and use in your webshop.
Ontvang al binnen 15 minuten online en in-store betalingen via het Pay. platform.