SEPA European Bank Transfer Now Available for Businesses All over the World
Today, global payments platform, Paymentwall, finished integration of SEPA Direct Debit bank transfer payment method to let global merchants and businesses easily receive euro payments.
Global payment service provider, Paymentwall, added SEPA Direct Debit as a new alternative payment method for businesses worldwide. Now, more than 500 million citizens and 20 million businesses in the 34 SEPA countries can easily make online payments for digital goods and services in euro currency with only one bank account useful anywhere in the euro area.
With SEPA Direct Debit, banks will not be allowed to make any deductions from the amount being transferred, leading to reduced cross-border prices for bank transfer payments. It will make the banking market in the euro area more competitive with improved and affordable payment services.
“We want to make all online payments in euro area as easy as cash payments,” said Irina Agieieva, payment systems project manager of Paymentwall. “By integrating SEPA Direct Debit in PW Local, international businesses will now be able to effortlessly handle all euro bank transfer payments within the SEPA zone.”
Paymentwall Inc. is the leading global monetization platform for a wide range of digital goods and services including games, dating sites, social networks and SaaS companies. Paymentwall offers over 120 global payment options including credit and debit cards, mobile payments, eWallets, bank transfers and prepaid cards for users in more than 200 countries. Paymentwall is headquartered in San Francisco, USA.