IBAN account for
SEPA payments
The term SEPA stands for the Single Euro Payments Area – an area which no longer distinguishes between national and cross-border payments. It covers 36 countries in the European Union with around 520 million citizens. To transfer funds with SEPA, an IBAN account is required.
Open AccountAs of July 2022
Source: Austrian National Bank, oenb.at
All SEPA countries in Europe
The SEPA area is made up of the 27 EU member states plus the United Kingdom, Norway, Liechtenstein, Iceland, Switzerland, Monaco, Andorra, the Vatican City and San Marino.
Participating countriesOffer your clients the possibility to process payments internationally and in the EU – without the risk of chargebacks. We will set up a uniquely identifiable German IBAN account that you can use to receive both customer payments and service provider settlements.
German IBAN account
Increase the reputation of your online business with a German IBAN account under your company name.
No chargebacks
Payment defaults cause high costs. Instead, use an IBAN account as a chargeback-free alternative to card payments.
Payment method for online shops
Let your customers pay how they want. Add SEPA transfers as an additional payment method in the check-out of your online shop.
Faster settlements
Improve your cash flow with faster settlements. In the SEPA area, the duration of fund transfers is reduced to just one business day until payment is received.
No transfer fees
SEPA transfers do not incur any special fees from a foreign bank, as long as the payments are made in euros. This is why SEPA is very popular in online-business.
One IBAN account – 36 countries
Companies only need one account for euro payments. With an IBAN account, you significantly reduce your administrative workload.
Payment transactions for 520 million citizens
Open up new markets in Europe. Thanks to the standardization of credit transfers and direct debits, transferring money to any SEPA country is quick and easy.
Supervision by the German BaFin
The IBAN service was developed specifically for high-risk merchants and crypto businesses and is not subject to Visa or Master Card Scheme Rules. Regulatory supervision is carried out by the German BaFin.
Linking a Debit Mastercard®
As an additional service you can link your IBAN account to a Debit Mastercard. Benefit from worldwide access to your balance via any Mastercard access point (online, Point-of-sale and ATM).
Talk to our team to learn more about an IBAN account for your business.
