Verifo offers the best way to make fast, reliable, and affordable payments in euros. It enables all businesses and individuals to safely and easily transfer their funds from one SEPA zone country to another.

All you need is to enter the name of the person you're paying, their international bank account number (IBAN), and the amount you wish to transfer. Click 'Send,' and your transaction will be instantly completed.

Open Account Open Account Talk to sales

What is SEPA?

SEPA stands for the Single Euro Payments Area. It's a financial system developed by the European Union that allows people to make cashless payments in euros to any account within the SEPA zone.

At the moment, the SEPA zone brings together 36 countries across Europe, thus creating a single euro payments market with the aim to improve cross-border transfers and reduce high transaction fees.

Full list of the countries included in the SEPA Zone
EU countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Non-EU countries:

Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, Switzerland, the Vatican City, United Kingdom*.

*Please note: While the United Kingdom is no longer an EU state or EEA country, it still remains a SEPA member.

What are the benefits of SEPA payments?

Extended customer base

With the help of the SEPA payment scheme, it has become easier to acquire a much larger audience. With more than half a billion people within the SEPA zone making around 120 billion electronic payments per year, you can scale your business and attract customers that you otherwise might not have been able to reach.

Flexibility and convenience

Wherever you are, on the road, at home, or abroad, you can rely on your single Verifo account and manage all incoming and outgoing operations safer and faster. Shop online, send funds, or complete numerous other actions within one business day.

Reduced fees

Tired of extra cross-border transaction fees? Transfer money abroad in the same way as in your own country. SEPA standards have significantly reduced the fees for payments within the zone, enabling companies and their customers to save time and money they would otherwise spend on those transfers.

How to make a SEPA payment?

To make any SEPA payment, you need to enter the following details:

  • The recipient's international banking account number (IBAN)
  • The recipient's name
  • The exact amount in EUR you want to transfer
Open Account


What is SWIFT?
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication - a global messaging system that banks and other financial institutions use to process payments between different countries. SWIFT payments, in turn, are transactions using specific SWIFT codes to quickly, accurately, and securely transfer money overseas. The SWIFT network consists of 11,000+ financial institutions located in over 200 countries.
What is the difference between SWIFT and SEPA payments?
SWIFT and SEPA share the same goal – to provide seamless, secure, and reliable money transfers to businesses and individuals. However, SWIFT enables money transfers internationally, while SEPA payments can only be made within the SEPA zone. Moreover, SWIFT transfers can be executed in various currencies, while the SEPA initiative embraces transfers in euros only.
How long does it take to transfer money?
SWIFT transfers usually take from 1 to 4 business days. SEPA payments take from 1 to 2 business days. Please bear in mind that the transfer time also depends on time zones, currency exchange, bank holidays, etc.
Are there any euro area countries with limited access to SEPA payments?
Yes. There are some countries and jurisdictions, such as Kosovo and Montenegro (though using the Euro as their domestic currency) that do not belong to SEPA. To check whether your country is eligible to process SEPA payments, please follow the link below:
Are there any limitations regarding SWIFT payments?

Yes. Certain jurisdictions and companies based in these jurisdictions have limited access to SWIFT payments. At this time, we're unable to service payments on behalf of our customers who are based in the following countries and jurisdictions:
Restricted Countries.pdf

We also do not service payments to and from the following countries and jurisdictions regardless of where the customer is based:
Restricted Countries 2.pdf

What are the restrictions connected with Currencycloud?

As a part of our strong commitment to diminish the risk of money laundering and terrorist financing, Verifo has a number of limitations on several types of industries, activities, and countries:
Non-permitted industries:clients:activities.pdf

What are Currencycloud permitted jurisdictions?
Please refer to the table below for a full list of permitted jurisdictions. This list is reviewed and updated regularly.
Permitted Jurisdictions.pdf
What currencies are supported by Currencycloud?

Currently, we can convert the following currencies:
Currencycloud currencies.pdf

*Please note:
Russian Ruble (RUB) is supported as a sell currency only. You can not convert any other currency into RUB for payments. Indian Rupee (INR), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR) and Philippine Peso (PHP) are restricted currencies. They can only be bought by converting another supported currency, and sold back only in exceptional cases.

Make the most
of your finance

Sign Up