I think SEPA is good for business. Payments are quicker and of course
it provides another step closer to an electronic financial system and
a step further away from cash.
I have used it a few times last year to buy Bitcoin and Litecoin from
online suppliers like anycoindirect.eu, downside is in fact the bank knows
about the payment.
Topic: SEPA - Single euro Payments Area (Read 200 times)
SEPA has been a good thing for Europe, but I know some EU countries still don't use SEPA. It allows us to make bank transfers free of cost and quite fast. Sometimes less than 12 hours, so fast too. I personally don't see any disadvantage other than the bank is still able to identify the sender/receiver and can too decide to lock a transfer.
I know some third world countries which have bank transfer methods like IMPS where money is sent to a destination within minutes. They also have high transfer limits. I like SEPA but taking more than 24 hours to reflect payments is a turn-off. Like why can't they create a system where money transfer is instant? The security issues aside but if someone is really in a need for cash in another European country, there should be a way out using SEPA.
Thank you for your comment. Yes, Sepa transfer has some advantages if we are comparing it with the traditional Bank Transfer.
SEPA has been a good thing for Europe, but I know some EU countries still don't use SEPA. It allows us to make bank transfers free of cost and quite fast. Sometimes less than 12 hours, so fast too. I personally don't see any disadvantage other than the bank is still able to identify the sender/receiver and can too decide to lock a transfer.
Your money but can't really do everything you want..... Oh, dear banks...
Your money but can't really do everything you want..... Oh, dear banks...
SEPA - Single euro Payments Area
Read the review "SEPA transfer time, regulations and countries" and get to know better what SEPA is and how it works!
In this review, you will find the following information:
- What is SEPA?
- SEPA transfer time.
- SEPA countries list.
- What benefits you could get by using SEPA payments?
- Disadvantages.
- Statistics.
- History.
- How to convert Bitcoin to Sepa transfer EUR?
- And more...
Read the full SEPA review here: https://www.xmlgold.eu/en/news/article/776/sepa-transfer-time-regulations-countries-payments-review/
Read the review "SEPA transfer time, regulations and countries" and get to know better what SEPA is and how it works!
In this review, you will find the following information:
- What is SEPA?
- SEPA transfer time.
- SEPA countries list.
- What benefits you could get by using SEPA payments?
- Disadvantages.
- Statistics.
- History.
- How to convert Bitcoin to Sepa transfer EUR?
- And more...
Read the full SEPA review here: https://www.xmlgold.eu/en/news/article/776/sepa-transfer-time-regulations-countries-payments-review/
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