How are SEPA payments processed?

13 Apr 2022 By PAYCEC

To know how SEPA payments are processed, let’s check out the steps below for your information.

  • Step 1: The customer presses a “Purchase” button or relevant button, and fills in the necessary fields to pass the transaction data.
  • Step 2: Select your payment method and proceed to payment.
    • Credit/Debit card (Visa / MasterCard / Amex / Discover / JCB).
    • E-wallet (PayPal).
    • Wire bank transfer.

(In case the customer chooses the SEPA Transfer (for European clients) option: When you transfer in Euro currency, it will take 2-5 days. But if your bank is based in countries supported by SEPA Transfer in Euro currency, the process will be faster within 1 - 2 days with cheaper fee).

  • Step 3: The customer inputs the required information.
    • Beneficiary name (Name of the merchant or your company).
    • The purpose of payment (Please note your order details, such as order number, sender name… ).
    • International bank account number (IBAN) of the merchant.
    • Country that the customer wishes to send the money to.
    • Business identifier code (BIC) (if any).
    • Supporting documents (if any due to high volume of orders).
  • Step 4: The customer proceeds to payment, checks the invoice, and the transaction is completed.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

The Media

Finextra One IBC Yahoo Finance
About us

who we are

about us

We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

We will contact you shortly.

Email Phone
Scroll top