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 Eurozone 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. Only IBANs from EUR-using countries are supported.
Supported IBAN Country Codes
Supported: 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.)
Not Supported: EU countries with non-EUR currencies (BG, CZ, DK, HU, PL, RO, SE)
For the complete list, see Supported Countries.
Settlement Time
Typically instant via SEPA Instant, standard SEPA may take 1-2 business days
