SEPA, Single Euro Payment Area, is an electronic method of payment that is accepted by 34 countries, including all countries in the EU, four members of the European Free Trade Association, Monaco, and San Marino.
SEPA, Single Euro Payment Area, is an electronic method of payment that is accepted by 34 countries, including all countries in the EU, four members of the European Free Trade Association, Monaco, and San Marino. In total, SEPA is used by over 500 million citizens and 20 million businesses to make transactions in euro.
SEPA transactions, however, don’t necessarily take place under the name of SEPA. When people or businesses in the EU make deposits online - via bank transfer, credit card, or debit card - these transactions are handled by the SEPA network. All countries that participate in the network require these transactions to conform to the same basic conditions, rights, and obligations no matter where they are located within the EU.
SEPA and Online Casinos
People who enjoy playing at online casinos can use SEPA-based methods to make deposits directly from their bank accounts to online casinos. To do this, players need to provide the IBAN or SWIFT numbers associated with their bank accounts, and then they can safely deposit money.
SEPA is especially expedient for online gambling, because transactions made through the network are considered domestic as opposed to international, which means they take place much quicker. While the transactions don’t take place in real-time, SEPA is such a trusted method that online casinos automatically credit player accounts with the deposit amount, even before the money has actually moved. This means that players who use SEPA-based methods get to start playing a lot quicker than players who don’t.
