SEPA Transfers

This section contains all the relevant information about SEPA transfers, including key concepts and the necessary endpoints and webhooks you must integrate into your solution.

What is SEPA?

The Single Euro Payments Area (SEPA) is a European Union (EU) initiative launched in 2008 that aims to facilitate international bank transfers among the participating countries. SEPA is composed of 36 countries: the 27 EU member states, the United Kingdom, Iceland, Norway, Liechtenstein, Switzerland, Monaco, and San Marino.

Banks in the participating countries use a dedicated payment system that enables seamless cross-border transfers within SEPA in Euros for the same cost and time as domestic transfers.

Types of SEPA payment schemes

Within SEPA transfers, the European Payments Council (EPC) has created different SEPA payment schemes to fulfill the different needs of consumers and businesses. These schemes include the following:

• SEPA Direct Debit (SDD), including:

  • SEPA Direct Debit Core
  • SEPA Direct Debit B2B
• SEPA Credit Transfer (SCT)

• SEPA Instant Credit Transfer

  • Note: At this time, Solaris only supports incoming SEPA Instant transfers.

Click the links above to learn more about how Solaris has implemented each scheme.