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.

Bank Identifier Code (BIC)

The BIC number is not required for account setup unless it cannot be determined by the system. The endpoint will respond with a 426 status code, if the field is required.

To test this in Sandbox use this IBAN: DE75512108001245126199

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