SEPA (Europe)
SEPA Payouts
SEPA (Single Euro Payments Area) enables instant and standard payouts to Euro-denominated IBAN accounts across Europe.
Implementation
When initiating a payout, pass speed = "iban" to use SEPA.
Requirements
- User must have a linked IBAN account
- IBAN must be from a supported SEPA country (determined by the first 2 letters of the IBAN)
- Account must be Euro-denominated
IBAN Country Code Matters
Payout eligibility is determined by the IBAN’s country code (first 2 letters), NOT the user’s KYC or nationality. The linked bank account must be Euro-denominated, even for countries that do not use EUR as their national currency.
Supported IBAN Country Codes
Eurozone Countries: AT, BE, CY, DE, EE, ES, FI, FR, GR, HR, IE, IT, LT, LU, LV, MT, NL, PT, SI, SK, and EUR territories (AD, MC, SM, VA, etc.)
Additional SEPA Countries: CZ, DK, HU, PL, RO, SE, IS, NO, LI, CH, GG, JE, IM, GI
Users in non-Eurozone SEPA countries must link a Euro-denominated IBAN account. Local currency accounts (e.g., Danish Krone, Swedish Krona) are not supported.
Not Supported: BG (Bulgaria)
For the complete list, see Supported Countries.
Settlement Time
Typically instant via SEPA Instant, standard SEPA may take 1-2 business days
