The Single Euro Payments Area (SEPA) has transformed how businesses operate across Europe, offering a streamlined system for euro transactions across borders. With 38 countries now part of the SEPA payment schemes—including Montenegro and Albania from November 2024—it’s easier than ever for businesses to handle cross-border payments efficiently.
But with multiple SEPA payment types available, understanding which option aligns with your business needs is crucial.
SEPA Payment Options
SEPA Credit Transfers (SCT)
SEPA Credit Transfers are the standard for business-to-business transactions. Initiated by the payer, SCTs are processed in 1-2 business days and are ideal for:
- Supplier payments
- Payroll processing
- Settling invoices across borders
SEPA Instant Credit Transfers (SCT Inst)
For businesses requiring immediate payments, SEPA Instant Credit Transfers are the perfect solution. With processing completed within seconds, SCT Inst ensures payments are delivered 24/7, 365 days a year. Use cases include:
- Urgent supplier payments
- Real-time settlement with partners or vendors
- Handling critical business expenses
SEPA Direct Debits (SDD)
SEPA Direct Debits are designed for automated collections initiated by your business. Perfect for recurring or scheduled payments, they come in two variants:
- Core Direct Debit: Collect payments from individual customers.
- Business-to-Business (B2B) Direct Debit: Tailored for companies to collect payments from other businesses.
At Wallter, we specialize in providing payment solutions tailored to businesses. Whether you’re managing large-scale operations or scaling your enterprise, our SEPA Credit Transfers (SCT) and SEPA Instant Credit Transfers (SCT Inst) enable seamless, secure, and efficient financial operations.
Simplify Your Business Payments with Wallter
From settling invoices in seconds to automating cross-border transfers, Wallter offers the tools your business needs to thrive in today’s fast-paced market. Ready to enhance your payment operations? Register today for a Wallter account and get the SEPA solutions that can transform your business.