The European standard for online banking
In an effort to streamline domestic and international bank transfers within the SEPA region, SEPA Credit Transfer was established.
This initiative allows customers to easily transfer and receive money all across the whole of Europe and associated states.
Transactions initiated through SEPA transfer are processed quickly, and instantly update the customers' bank balance.
Countries:
Europe (SEPA area)
Currencies:
CZK, EUR, GBP, HUF, PLN
Bank Transfer features:
- Full and partial refunds
- No transfer or currency conversion fees
- IBAN masking
- Split payments
20 billion in transactions yearly
Introduced fully in the Euro area since 2014
For more information, see Bank Transfer
Customer benefits:
- Trusted
- Easy to use
- Bank balance updated instantly
Merchant benefits:
- Settlement within 2 days
- No chargebacks
- Easy way to accept cross-border payments
How Bank Transfer works
Step 1
The customer selects Bank transfer at checkout and is redirected to a secure MultiSafepay payment page.
Step 2
They provide their bank account number, country, and email address, and confirm to pay.
Step 3
We/you email the customer a MultiSafepay bank account number.
Step 4
The customer transfers the funds to the account provided, either online or with a teller.
Step 5
MultiSafepay collects the funds within 1-3 business days and settles them in your MultiSafepay balance.
Activate Bank Transfer today!
Simply activate with one click in your MultiSafepay account.
We offer the following integration options:
A Bank Transfer always includes the financial bank accounts of the payer and the payee in the international IBAN format. It's is easy-to-use, user friendly, and allows customers to reach a broad international audience
