In a rapidly changing digital economy, speed and security of financial transactions are becoming critical aspects of business success. With the introduction of SEPA Instant Credit Transfer (SEPA Instant Credit Transfer), Payver offers customers a convenient and highly efficient way to transfer funds instantly across Europe. This innovation takes payment solutions to the next level, making business processes more flexible and cost-effective.
What is SEPA Instant and how does it differ from regular transfers?
SEPA Instant Credit Transfer (SCT Inst) is a new payment system developed by the European Payments Council (EPC) in 2017 to make instant transfers possible and accessible anywhere in the Eurozone. Unlike standard SEPA transfers, which can take one to two business days, SEPA Instant allows transfers to be made in seconds, regardless of the time of day or day of the week. Let’s take a look at the main advantages of this system:
- Instant execution: the transfer takes up to 10 seconds, and in case of delay the waiting time is limited to 20 seconds.
- 24/7 availability: SEPA instant transfers are independent of weekends and holidays, avoiding traditional delays.
- €100,000 threshold: users can send up to €100,000 in a single transaction, making this service convenient for large transactions.
Benefits of SEPA Instant for business
1. Optimize cash flow
Instant transfers allow companies to get paid faster, reducing the time they have to wait for funds. For example, product manufacturers can order materials as soon as payment is received, speeding up the production process and improving logistics.
2. Convenience and ease of use
The SEPA Instant system uses the already known BIC and IBAN identifiers, which means that there is no need for additional customization or new details. Instant transfers can be easily selected in the Payver interface, just like regular SEPA transfers.
3. Enhanced security
Unlike transactions through third-party payment systems, SEPA instant transfers are protected at every stage. The system includes anti-fraud and anti-money laundering mechanisms that are processed in seconds.
4.Cost-effective and minimal fees
SEPA Instant avoids additional costs and does not require expensive infrastructure as it utilizes SEPA’s existing payment network. This reduces costs for businesses, and Payver premium users, can use the instant transfer function free of charge.
How do I make an instant SEPA transfer using Payver?
The instant transfers functionality is integrated into Payver’s interface and works intuitively simple:
- On the home page, select the “Send Money” tab.
- Select a recipient from the contact list or add a new IBAN.
- Indicate the amount and add a comment if necessary.
- Select the type of transfer: instant or standard SEPA.
- Confirm the operation.
Everything — the transfer will be processed within 10 seconds and the funds will be immediately credited to the recipient’s account, if his bank participates in the SCT Instant program. Otherwise, the transaction will be executed in standard mode within two working days.
Financial benefit for small and medium-sized businesses
With the introduction of SEPA Instant, companies can improve not only the speed of transactions, but also increase the efficiency of capital management. For example, stores can confirm payments immediately and manufacturing companies can procure materials quickly as new orders are received. Fast and secure transfers help reduce operational delays and build customer confidence.
Safety comes first
Payver pays special attention to security, addressing vulnerabilities that can arise when using third-party payment systems.
In addition, instant payments do not require additional intermediaries, which reduces the likelihood of fraud and delays. By utilizing the technologies provided by SEPA Instant, Payver provides users with fast, reliable and secure financial transactions.
SEPA Instant Transfers from Payver make European payments more convenient and profitable for businesses and customers. SEPA Instant integration gives companies a competitive advantage, increasing their financial flexibility and improving customer service.
In a world where speed is critical, Payver is an opportunity to do business at new speeds and with the highest level of reliability.
Not only will you be able to increase your cash flow velocity, but you will also be able to better manage your business resources.
