SEPA

1. Product Introduction

The SEPA Payout Product allows merchants to quickly and securely send Euro funds to bank accounts within the European Economic Area (EEA) through a single integration. SEPA (Single Euro Payments Area) was established by the EU and its member countries to promote unified and convenient Euro payments, offering efficient and low-cost payment solutions. With SEPA payments, merchants can transfer Euros between any bank accounts within the EEA, increasing transaction efficiency and avoiding additional currency conversion and cross-border payment fees.

2. Capability Description

Type	Description	Notes
Payment Method Type	BANK_TRANSFER
Target Organizations	All SEPA-supported banks within the EEA, no need for separate specification	SWIFT CODE required to identify the recipient bank
Supported Countries	Austria, Åland Islands, Ireland, Estonia, Iceland, Belgium, Bulgaria, Poland, Denmark, Germany, Faroe Islands, France, Finland, Greenland, Hungary, Greece, Netherlands, Liechtenstein, Luxembourg, Lithuania, Latvia, Malta, Norway, Portugal, Sweden, Switzerland, Cyprus, Slovakia, Slovenia, San Marino, Spain, Italy	See detailed country list in: "SEPA Product Specification"
Settlement Currency	EUR
Recipient Type	CORPORATION, PERSONAL
Amount Limit	Minimum limit: 0.01 EUR
Timing	Under 100,000 EUR: near real-time Over 100,000 EUR: T0-T+1	Cut-off time：14:00 UTC+1
POBO	Supported
Remark	Supported	Display may vary depending on the recipient bank

3. How to Use

When a merchant makes a payment using SEPA, the following recipient information must be provided, and the payment request will be transmitted through the SEPA network to the recipient bank.

• IBAN (International Bank Account Number) of the recipient account
• SWIFT Code (BIC) of the recipient bank
• Beneficiary Name
• Beneficiary's Residential Address

4. Parameter Description

For detailed description of SEPA product fields, please refer to: "SEPA Product Specification".