SEPA stands for Single Euro Payments Area. It is a collaboration between the European Union and European banks. It makes paying in Europe very easy because the agreements are the same in all countries. SEPA advance transfer is based on payment first and then delivery and works via your own online banking environment. Many Europeans prefer this payment method to pay for online purchases.
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Transfer SEPA in advance
This payment method is convenient to use within the EU. It is used by almost all countries in the EU, which must all adhere to strict and universal rules. This means you can be sure that transactions via SEPA are carried out securely. It is also very easy to collect recurring payments from customers via SEPA.
Benefits
- Payments always arrive and are 100% guaranteed.
- This payment method is used in almost all countries in the EU.
Cons
- Starting an account is sometimes difficult
- Quite expensive
How does it work?
A customer orders a product online and selects: SEPA advance transfer. The buyer can then pay via his/her own online bank and add a payment description. When this has happened, the owner of the company where the consumer wants to buy receives a message and can send the product
Markt
- Europe