What is SEPA?

SEPA is short for Single Euro Payments Area – a standard for transmitting euro payments across Europe. This standard was created with a mission of simplifying euro transactions, facilitating cross-border business and building a stronger economy across the European Union. At the moment the SEPA region consists of all the EU members as well as some other European countries (currently: Iceland, Liechtenstein, Monaco, Norway, San Marino and Switzerland).

When people talk about SEPA payments they are usually referring to quick and low-cost payments across the eurozone. These types of payments are supported by most local European banks. Some of the banks and financial institutions are also members of SEPA Instant which allows making euro payments in mere seconds, 24/7.

At MultiPass we offer our customers both SEPA and SEPA Instant along with other global and local payments methods.

Sending and receiving EUR transfers with MultiPass

Check our pricing plan for incoming and outgoing SEPA payments:

View fees

You also may be interested in:

What is a SWIFT payment and how does it work?

SWIFT transfers, explained. Everything from how they work and who uses them to SWIFT charges and other valuable information.

Read article

How long does a bank transfer take?

In this blog we tackle how long it takes for different bank transfers to reach their recipients – and several related questions you might find useful.

Read article