Financial operations simplicity and accessibility are the main requirements of modern life, especially when it comes to international money transfers. When sending or receiving money across Europe, the most popular and cost-effective alternative is a SEPA transfer.
What is this payment system, how does SEPA work, and why is InexPay the best platform for European transfers? Find out all the details in our article.
What is SEPA?
SEPA (Single Euro Payments Area) stands for the Single Euro Payments Area. It is a European payment initiative aimed at making international transactions just as simple as domestic, national transfers. A SEPA transfer is executed only in Euros (EUR) and currently brings together 36 countries – including all EU member states, as well as the United Kingdom, Switzerland, Norway, Iceland, and several other European nations.
A standard SEPA transfer is credited to the recipient’s account in just 1 banking day, making it much faster and more economical compared to traditional, expensive SWIFT transfers.
Why should you use InexPay for SEPA transfers?
InexPay offers its users the simplest, most secure, and completely transparent platform to execute SEPA transfers. With us, you avoid hidden fees and large commissions from foreign intermediary banks. You know exactly what your transaction will cost in advance.
Our fixed and preferential rates for sending money to Europe:
| Transfer Amount | Commission |
| From 1 € to 400 € | Fixed 4 € |
| From 401 € to 1000 € | 1% of the transaction |
| From 1001 € to 10000 € | Fixed 10 € |
| From 10001 € and above | Fixed 15 € |
How is a SEPA payment completed with InexPay?
A SEPA transfer through InexPay does not require complex banking bureaucracy. To make a transaction, you only need two simple things:
- The receiving individual or legal entity must be located in a SEPA member country.
- You need to know the recipient’s International Bank Account Number (IBAN).
Discover More Opportunities with InexPay
International transfers should not be associated with high costs and complex procedures. Download the InexPay mobile app and manage your finances easily, all from one space. Along with SEPA transfers, you will be able to pay utility bills in seconds, top up your balance, transfer money, and enjoy all the necessary financial services directly from your smartphone.
Make your daily transactions faster, more affordable, and smarter. Join InexPay today!