ONLINE PAYMENT METHODS: SEPA Credit transfer / Pre transfer

What is a SEPA Bank Transfer?
SEPA stands for Single Euro Payments Area, a unified European payment market. The goal of SEPA is to make it possible for everyone in Europe to transfer funds from any European bank account to any other European bank account. Paying by SEPA bank transfer is a trusted and secure method for consumers to make online purchases. Through online banking, funds can be easily transferred. SEPA transfers are supported in 34 countries, including the Netherlands, Belgium, France, Germany, and Poland, where a large percentage of online shoppers use SEPA bank transfers for their purchases.

The European Union developed SEPA standards to streamline euro bank transfers, which led to the introduction of standardized and consistent IBAN bank account numbers. These standardized account numbers ensure that international transfers are processed more quickly and without additional fees. This allows businesses and shops to reach customers across Europe. For consumers, SEPA transfers offer benefits such as broad international accessibility, fast transactions, and low transaction costs.

How Does a SEPA Bank Transfer Work?
When customers choose to pay via SEPA transfer, they receive the payment details directly on their screen or via email. They can then transfer the amount from their online banking environment whenever it’s convenient. To avoid manual entry, we also offer the option to generate a QR code. Scanning this QR code in a banking app fills in the payment details automatically, reducing the chance of errors.

If a customer does not use the QR code and accidentally makes an error entering the payment details, Mollie will automatically refund the transaction to the customer.

Processing a SEPA transfer typically takes a few business days. Mollie has dedicated bank accounts for Belgium, France, Germany, and the Netherlands, so consumers in these countries can make payments to a trusted, localized IBAN.

In Which Countries is SEPA Transfer Available?
With SEPA, transfers can be made from any European bank account to any other European bank account. SEPA transfers are supported in 34 countries.

Paying with SEPA Bank Transfer?
Select the option "Pay in Advance" in the payment menu.