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
