A new payment solution for businesses: SEPA Bank Transfers

Friday, 15 Oct, 2021

PayCEC is glad to announce the latest payment feature in October (2021): SEPA Transfer Acceptance. Our Payment Gateway will be upgraded to accept a quick transfer of funds within the Eurozone (SEPA).

The Single Euro Payments Area (SEPA) is our new step in the move towards globalization. SEPA Transfers Acceptance will harmonise the payment acquiring process for E-commerce firms and online businesses from around the world, particularly Startups and SMEs by offering seamless and secure digital banking transactions. Our Payment Gateway now accepts quick bank transfers within the SEPA network from European banks and payment institutions.

We want to be featured primarily in the UK, EU markets and other entities in the US, Canada and APAC which have IBAN bank accounts. Every PayCEC’s client will have an IBAN business account which can acquire online SEPA transfers from their customers. These merchant’s IBAN business accounts are able to collect digital banking transfers from all banks in the SEPA scheme countries, including 27 Member States of the European Union (EU), 3 countries of the European Economic Area (EEA) and 6 non-EEA countries, to which the geographical scope has been extended.

The new feature is the successful result of the partnership between PayCEC and DNBC Financial Group which is a global financial institution with worldwide branch networks, including Europe branch - situated in Lithuania, Hong Kong, Singapore and the United States, etc.

There are several benefits coming along with this feature’s launch:

  • All economic actors (Buyers and Sellers) will be able to make cross-border euro payments.
  • Merchants make their payment system simpler by boosting e-invoicing and improving fintech related factors.
  • Centralization of bank accounts benefits businesses by simplifying payment management and resulting in funds.
  • The payment transactions to other countries in the SEPA zone will be easier.
  • Lower transaction costs.
  • Receiving payments directly from their customers without the need for an intermediary.

A new payment solution for businesses: SEPA Bank Transfers

A new payment solution for businesses: SEPA Bank Transfers

As a payment gateway provider, PayCEC believes…

CEO Le Hung Anh - Jimmy Lee comments:“ With the introduction of SEPA Transfers Acceptance, we believe that our payment ecosystem will pave the way for the payment future, particularly for merchants, banks, and other consumers throughout Europe and the rest of the world. We strive to continuously improve our service in order to advance our goal of globalization.”

We expect that our client acquisition will reach the annual number of 1.000 global merchants registered in the next two years, and this figure will be scaled up in the future.

PayCEC understands that our merchants expect us to provide their customers with the most convenient payment options. Our vision statement reflects the fact that we are taken as the global online payment service provider. We offer a platform to any merchant who requires it as part of their product/service offerings and pricing.

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About us

PayCEC was established in response to the growing need of businesses to accept online payments more quickly and easily. In the new media era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC is a truly global payments platform that not only allows customers to get paid but also withdraws funds to their Business accounts in various currencies.

We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.

PayCEC Team

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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.

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