The main advantages of SEPA

[jiop tret]

Please tell me the main advantages of this method of transferring money. 


[anthonydrowow]

I use this way of sending money very often The SEPA system allows users to make and receive payments in several ways, including direct debit, card transfers and credit transfers. The SEPA infrastructure allows business owners in any European country to make non-cash payments and cross-border transfers. If you want to know all the advantages of this way of sending money, I recommend you read this article https://askwallet.io/blogs/what-is-sepa. For me the main advantages are security. Less risk of fraud: using IBANs reduces the risk of mistakes due to a typo in the account number or forgetting a letter in the IBAN and mistakes due to handwritten entries which can be illegible or misread by machines.

[typappi9]

The main advantage of this transfer system for me is the absence of commissions. No more commissions for incoming bank transfers: if your client wants to send you funds, he has to pay his own transfer fee, not deduct it from your balance. In SEPA such fees are forbidden because they hinder intra-EU trade and investment.