With SEPA payments you can easily and safely transfer money throughout the European Union.
FAS is a platform that specializes in different payment methods, all of which offer the best possible funds managing experience for clients all over the world. Our interrogation with SEPA payment allows individuals from the EU to manage their online funds internationally, by turning cross-border payments into domestic ones.
SEPA or the Single Euro Payments Area is a payment integration initiative of the European Union. It was created for the simplification of fund transfers in EURO currency. SEPA allows you to send cross-border payments with minimal fees and a high level of security. SEPA payments work seamlessly and incredibly fast — usually, transfers are processed within one day.
Let’s say you wanted to send €1000 from your account in Italy to your friend’s account in Luxemburg. Since both countries are in the euro-zone, this transaction would work just like a domestic transfer — fast, seamless, and without enormous fees.
With FAS you can easily send or receive money through SEPA. All you need is to create a free online account on our platform. After filling in the required information, you are presented with different payment options, which include SEPA transfers. Just follow instructions on our website and you’ll be able to successfully manage your funds within SEPA zone. Please be advised in order to send a SEPA payment, the recipient must be identified by a valid IBAN and BIC.
Three types of payments are available through SEPA:
The maximum amount of money that you can transfer at once depends on which type of SEPA transfer you choose.
You don’t have to be a resident of the European Union to use SEPA payment service. FAS allows you to create an account that has a personal IBAN, which makes it similar to the EU bank account, but without unbearable fees or a frustrating amount of paperwork.
SEPA payment is an amazing solution for funds collection and the transfer of money from one account to another, so you can easily pay your contractors or receive payments from clients within the SEPA zone.
Do you have relatives in the eurozone? Or you are an international student, who needs to manage their bills? With FAS you can send money anywhere in the EU without any fuss, as we use SEPA — the quickest, cheapest, and safest way to get your money from one European country to another.
The length of time for a SEPA transfer to be completed varies, as it depends on a variety of factors. It depends on the type of transfer you choose. However, all types of SEPA payments are usually completed in a very short period of time. So, while SEPA Instant Credit Transfer takes less than ten seconds, SEPA B2B Direct Debit Transfer can take three or more business days.
While a number of banks may charge you an extra fee for SEPA payments, FAS has a fixed fee for any type of SEPA transfers, regardless of the amount.
Yes, SEPA is for euro-denominated payments only. But it is still possible to make a euro payment if your account is foreign currency denominated. For example, if you’re sending money from the UK to another SEPA-zone country, pounds would have to be converted into euros. While this service is available, it requires additional costs because of currency conversion.
We are proud of our platform because of its simplicity, transparency, and efficiency. In case there is something unclear for you, or you have additional questions or are faced with some problems, do not hesitate to contact our email support, which we offer in English, Czech, Russian, and Ukrainian. Our support service is available during business hours.