SEPA payments

SEPA (Single Euro Payments Area) is a European regulatory initiative to create a standard format for processing Euro transactions across 47 markets in Europe.

It harmonises the way Europeans make payments in these countries. By making bank transfer payments work to a common set of rules, the Single European Payments Area aims to make payments within the EU easier and more efficient.

You only need to provide a valid IBAN and SWIFT BIC to make a SEPA payment.

 

 

Template Field Name	API Field Name	CSV Field Name	M/O	Field Length	Description
Bank Name	BankName	bank name	Mandatory	30	Name of the beneficiary (payee) bank
Payee	CustomerName	payee	Mandatory	30	If the beneficiary (payee) is an individual, this should be their full name including both their first and last name (no initials) with a space in-between. If the beneficiary (payee) is a company, this should be the full company name. Failure to provide the full name could result in delays and potential rejection of your payment. This must consist of 2 words, separated by a space.
IBAN	IBAN	iban	Mandatory	Varies by Country	The International Bank Account Number (IBAN) is the account number of the beneficiary (payee). The format and length of the IBAN varies by country. See Appendix C: for a list by country.
SWIFT BIC	SWIFT	swift	Mandatory	8 or 11	The SWIFT BIC is the Bank Identification Code of the beneficiary (payee) bank. It can be 8 or 11 alphanumeric characters. If SWIFT BIC is only 8 characters, do NOT infill to 11 characters by adding XXX. This causes the payment to be sent as an international payment instead of a domestic payment.
Beneficiary Details
Address Line 1	AddressLine1	B_AddressLine1	Optional	35	Beneficiary’s residential (if payee is an individual) or registered (if payee is a company) house number/name and street e.g. 1 Main Street
Address Line 2	AddressLine2	B_AddressLine2	Optional	35	Beneficiary’s residential (if payee is an individual) or registered (if payee is a company) address e.g. apartment no., unit, studio
City	City	B_City	Optional	35	Beneficiary’s city or town of their residential (if payee is an individual) or registered (if payee is a company) address
Postal/Zip Code	Postcode	B_Postcode	Optional	10	Beneficiary’s postal code or zip code of their residential (if payee is an individual) or registered (if payee is a company) address
Country	CountryCode	B_CountryCode	Optional	2	Beneficiary’s country of their residential (if payee is an individual) or registered (if payee is a company) address. If using the templates, select from the drop down or enter the 2 digit ISO 3166-1 standard country code in csv or API request. This can be found at the following link: http://www.iso.org/iso/country_codes
Date of Birth	DateOfBirth	N/A	Optional	10	Beneficiary’s date of birth in DD/MM/YYYY format. If using the templates, select date, month and year from drop down or enter in DD/MM/YYYY format in API request (not available in csv request)

SEPA Instant Payments

If you are set-up for both SEPA Credit and SEPA Instant route, then you should set the ‘fastPayment’ field as ‘Y’ (Yes) while initiating the payment instruction via the Merchant API or MAS portal. You can find the details on the field formatting in the following sections (depending on the request method): Standard CSV file, Extended CSV File, or payToBankAccountV3 API call.

SEPA Instant payment limit value is 100,000.00 EUR. If the merchant is set-up for both SEPA Credit and SEPA Instant route and the value of the payment instruction is above 100,000.00 EUR, the payment will be routed via SEPA Credit.

In some scenarios, payments rejected via SEPA Instant automatically retry via SEPA Credit. Possible examples of this are:

• The rejection of the SEPA Instant payment occurs at the scheme level due to technical issues

• The beneficiary account is not enabled for SEPA Instant, despite the beneficiary PSP being an Instant SEPA scheme participant

 

SEPA compliance

Compliance with the SEPA format for Euro transfers is a mandatory requirement for Worldpay AP. To process payment instructions to recipients in these countries and territories we have to comply with it.

These instructions are referred to as SEPA Credit Transfers (SCT). Through the system integrations we have with our partner banks we hope to have removed the complexities of this for you.

Principal countries in SEPA (for EUR transfers)

Euro area countries

Country	ISO code	Local currency
Austria	AT	EUR
Belgium	BE	EUR
Cyprus	CY	EUR
Estonia	EE	EUR
Finland	FI	EUR
France	FR	EUR
Germany	DE	EUR
Greece	GR	EUR
Ireland	IE	EUR
Italy	IT	EUR
Latvia	LV	EUR
Lithuania	LT	EUR
Luxembourg	LU	EUR
Malta	MT	EUR
Netherlands	NL	EUR
Portugal	PT	EUR
Slovakia	SK	EUR
Slovenia	SI	EUR
Spain	ES	EUR

Non-Euro countries

Country	ISO code	Local currency
Bulgaria	BG	BGN
Croatia	HR	HRK
Czech Republic	CZ	CZK
Denmark	DK	DKK
Hungary	HU	HUF
Poland	PL	PLN
Romania	RO	RON
Sweden	SE	SEK
United Kingdom	GB	GBP

Non-EU countries

Country	ISO code	Local currency
Andorra	AD	EUR
Iceland	IS	ISK
Liechtenstein	LI	CHF
Monaco	MC	EUR
Norway	NO	NOK
San Marino	SM	EUR
Switzerland	CH	CHF

Other territories in SEPA

Payments in Euros to the following territories are also classified as SEPA credit transfers, and require the same recipient bank information to be captured:

• Aland Islands (FI)

• Azores (PT)

• Canary Islands (ES)

• French Guiana (GF)

• Gibraltar (GR)

• Guadeloupe (GP)

• Madeira (PT)

• Martinique (MQ)

• Mayotte (YT)

• Reunion (RE)

• St Barthelemy (BL)

• Saint Martin (MF)

• Saint Pierre & Miquelon (PM)