An overview of the payment remittance services that Worldpay AP provides.
SEPA (Single Euro Payment Area) is a European regulatory initiative to create a standard format for processing Euro transactions across 47 markets in Europe. Our SEPA section explains the recipient bank details that we must capture to execute Euro (EUR) payments to SEPA countries and territories.
In countries where we have an active bank partner and operating account, payments can be made directly into the local clearing system.
This has a number of advantages in terms of costs and efficiencies but requires that the payment request contains the recipient bank account details in a format consistent with the demands of the local bank clearing policies. The domestic payments section:
Defines the required recipient bank account details
Identifies the API fields that should be used when submitting payment instructions to the Worldpay AP interface
For countries where we do not have an active bank partnership, we facilitate a worldwide payment remittance service by utilising the international payment capabilities provided by our bank partners.
The international payments section also describes the recipient bank information required for payments that must be routed by this international capability.
Risk and compliance considerations
General limit guidelines
We operate some general limit guidelines. There is a third party pay-out limit of EUR 50, 000 or currency equivalent per transaction / per individual-legal entity. It is possible for us to process larger values but we may require:
Additional due diligence
Information on source and application of funds
We do not support any gambling or gambling-related transactions to or from restricted countries (listed below) due to the current regulatory and legal environment.
For more information and advice, contact your Relationship Manager or email email@example.com.
The following countries are restricted for gambling payouts:
- Hong Kong
United States (Subject to review and approval)
Country Risk Policy
We do not make international payments to the countries specified in our Country Risk Policy either because:
We do not have the ability to do so (our bank partners do not have the appropriate reach)
The country is on a restricted list
We have tried to make our Country Risk Policy as comprehensive as possible. However, you should check with us if you would like to make payments to one of the emerging market countries.