SEPA Transfers: Streamlining euro payments
Cashless payment in euros is about to become a whole lot easier.
If you’ve not heard of the Single Euro Payments Area, you soon will. The name might be a mouthful, but SEPA is set to be a game-changer for cross-border payments.
What is SEPA and what does it mean?
SEPA is a way to effortlessly send and receive money to accounts and cards across the EU. This can be in the form of debit and credit card payments, as well as cash withdrawal and money remittance. SEPA’s legal framework, backed by the EU, aims to create a speedy, simple payment system that is comparable to domestic payments. SEPA is about taking the hassle out of sending and receiving euros internationally. But that’s not all - there are also a host of other countries that will be involved with SEPA, including Iceland, Norway, Switzerland, Liechtenstein, Monaco and San Marino.
What are the benefits of SEPA?
Simply put, SEPA could cut costs for people and businesses who want to send money or credit overseas. It’s a transparent set of rules and standards that help you bypass costly international payment fees. Not only can it be helpful as a way of moving money across borders by direct debit, it could also make it easier to work internationally. People who work internationally can use SEPA as a way of being paid in their home country, avoiding the hassle and expense of sluggish international bank transfers.
SEPA has the backing of the ECB and the European Union, who are already looking into a similar system for mobile payments.
How it could help you
Want to send euros to another account by debit card? Maybe you want to receive payment for a job but your home bank account is abroad. SEPA is a fast, simple solution that can cut down on queuing time at high street banks, as well as helping you avoid waiting for payments to approved by intermediaries. Paysend is part of the payment revolution, allowing you to pay an affordable fixed fee to send money to MasterCard, Visa and UnionPay cards in over 70 countries.
SWIFT and SEPA money transfers – what is the difference?
SWIFT transfers work internationally and cover a wider range of currencies. However, they don’t always live up to their name. SWIFT transfers can often get held up due to the need for human intervention along the payment processing chain, as well as eye-watering transaction fees. This can hold up the payment and can make SWIFT slower, and more costly than SEPA.
Paysend: leading the payment processing revolution
Paysend supports SEPA transfers and makes it easy to transfer money using bank details, with the added option of including the recipient’s IBAN number. Paysend cuts out any hidden fees or unexpected charges and uses the best possible exchange rate so that you’ll get the best value for money.
How does Paysend work?
Download the Paysend app on Google Play or App store or logon via a laptop or tablet. All you’ll need to make a payment is a card number and the receiver’s name. You’ll also benefit from the support and security of a high street bank, but without the queues. Paysend saves you stress by ensuring that you can send secure, speedy payments around the clock.
Nejnovější příspěvky
Bank wire transfers via SWIFT, SEPA, and ACH power most institutional cross-border payments through established bank networks, while digital services like Paysend streamline personal remittances with direct-to-card transfers* and upfront pricing. This article explains how each system works, its structural trade-offs for everyday international senders, and why Paysend may be more practical for expats, migrant workers, and freelancers, though bank wires remain essential for corporate needs.
This comparison matters most for individuals sending money internationally for personal or family reasons – such as expats supporting relatives, migrant workers paying rent, international students covering tuition, or freelancers handling recurring transfers – rather than corporate treasury operations or large institutional settlements.
Comparisons reflect general industry characteristics and may not apply to all transactions or providers.
Paysend makes it easy to send money to Moldova. Transfers can go straight to eligible Visa Debit cards or bank accounts – often within minutes depending on the recipient’s card issuer, payment method, and required checks With a simple fixed-fee model, you always know what you’ll pay. It’s a straightforward way to send money to Moldova online using card-to-card transfers.
Paysend operates as part of a global payments infrastructure designed to support continuous, reliable money movement across borders. Our international money transfer service allows users to send money to more than 100+ countries, including Moldova, using card networks such as Visa.
