SEPA payments
Fast and secure money transfers within the Eurozone or financial operations between residents of other countries.
Easy registration, low fees, and instant transactions. You will get all these benefits
by creating an account in the SEPA payment system via Transferra.
Run SEPA payment the right way: conducting transactions with Transferra
Get the benefits of SEPA UK for your business or personal needs with the power of Transferra. Track transactions, control your own funds, and automate payments. Get the most out of centralising your financial operations in a single working environment.
Usually, a user needs to create several accounts in different systems to send money or receive money to the target accounts. Moreover, each transaction may be subject to additional service fees, etc.
Unlike other systems, Transferra offers customers centralised access to SEPA payment and payment processing in their own work environment. This greatly simplifies the process.
To make a payment via, for example, SEPA transfer UK, you need to:
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Add the full name of the recipient of the funds, checking that the information entered is up-to-date and correct. If you make a mistake, the recipient will not be able to receive the transfer. The same goes for the rest of the steps
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Specify the recipient's IBAN by comparing the number and text characters with the information provided. If the data is entered incorrectly, a completely different person will receive the funds. In this case, it will be quite difficult to cancel the transaction.
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Enter the financial institution's identifier where the recipient's details are located. It contains text characters and a numeric code that you can find in the details or on the digital resource of the target institution.
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Specify the amount of the transfer. Please note that the transaction is carried out exclusively in Euro, so prepare (if necessary, convert) the funds in your foreign currency account in advance. After that, review the previous steps again.
As a result, this process will take about 3-5 minutes, and the SEPA transfer operation will take up to 4 hours.
Unique features of SEPA transfers in Transferra
With a Transferra account, you can freely use all the features of the SEPA payment
method directly on the platform. You also save time and money.
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Support for bilateral
transactionsSend and receive international payments in just a few clicks. Identify recipients or senders by IBAN.
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Fast transaction
processingIt takes no more than 4 hours from the moment of sending to the moment of crediting. The process of creating a payment takes 3-5 minutes.
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Security of account
detailsYou can set up the frequency and amounts to be sent regularly, for example, to loved ones abroad (within the Eurozone).
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Automated
paymentsYou can set up the frequency and amounts to be sent regularly, for example, to loved ones abroad (within the Eurozone).
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Minimum
feesYou do not need to pay additional fees or taxes to financial or government institutions. The service fee is a low percentage of the transaction amount.
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Native
experienceTo transfer money, you need to know the recipient's IBAN, financial institution identification code, and full name. This is enough to conduct a financial transaction.
Create and activate a SEPA payment account: 3 steps to get started
The Transferra platform is focused on the simplicity and ease of use of all services. Therefore, the process of registering an account is as simple and undemanding as possible.
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01
Fill in your details in the appropriate fields and confirm the application.
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02
Specify additional account options, financial documentation, etc.
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03
Talk to the manager and wait for approv.
As a rule, the whole process takes no more than three days. Since we manually moderate and verify all accounts, it can take a little longer. But it's worth it to get access to a safe and secure work environment.
FAQ
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How do I pay a SEPA transfer?
All you need to do to make a SEPA payment is to enter the recipient's IBAN and BIC, specify the recipient's full name, add the transfer amount, double-check the entered data, and click "Send." After that, the recipient will receive the credit within 4 days (the standard time for a SEPA transaction).
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Which EU countries are not in SEPA?
As of early 2023, the list of EU regions not included in SEPA includes Northern Cyprus, Faroe Islands and Greenland, French Southern, and Antarctic Territories, French Polynesia, New Caledonia and Wallis and Futuna, Aruba, Caribbean Netherlands, Curacao and St. Maarten, Svalbard and Jan Mayen, British Overseas Territories, excluding Gibraltar and Crown Dependencies.
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How much are SEPA transfer fees?
Usually, transactions are either free of charge or subject to a minimal fee (+/- €1).
Learn more about the benefits of
using SEPA on the Transferra platform
Create an account on Transferra and get exclusive access
to the most advanced financial systems in the EU region