Single European Payments Area (SEPA)
At its simplest SEPA has established an integrated euro payment market allowing for credit and card payments to be made simply, cheaply and efficiently, regardless of their location within the EU, even those countries outside the euro zone such as Britain and Norway. Make no mistake, it can save a lot of money for your business. But, like a lot of things that are supposed to make life easier, SEPA has its own foibles. The European payment council has created a portfolio of SEPA Schemes and interbank rules, practices and standards on how to move funds from account to using a SEPA payment instrument.
Hessel can help you navigate through this red tape to make the most of this opportunity.