What is Payments?
SEPA stands for the Single Euro Payments Area, and a SEPA transfer is a type of electronic payment used to transfer funds between bank or e-money accounts in the eurozone. SEPA was established to simplify and standardise euro-denominated electronic payments within this area, making cross-border transfers as easy as domestic ones. The SEPA zone includes 36 member states and covers most of Europe.
CFPS offers quick Payments delivered on the same or next business day at a low flat fee of €0.50 per transaction. Incoming Payments are free of charge for all CFPS users.
How can I make a Payment?
To make a Payment, follow these steps:
- Go to your CFPS app and tap the Send funds button.
- Select the Within Europe option.
- Choose the account you want to send your money from and enter the desired amount. After that, you’ll see the fee applied to your transfer.
- Tap Continue and fill in all the required fields with your recipient’s account details.
- Confirm the transfer with your passcode.
- All done! Your money will reach the recipient’s account on the same or next business day.