The Best SEPA Online Casinos

SEPA is a joint agreement between 34 different countries that speak 26 official languages throughout Europe. They include all of the nations that are a part of the European Union, as well as the four members of the European Free Trade Association as well as Monaco and San Marino. The goal of the project has been to make cross-border payments more efficient, turning all of the various local markets for the euro into one single integrated domestic market that can quickly process transactions.

It’s hard to choose a single start date for this network, though pan-European payments first became operational in 2008, and the protocols became the dominant way to process electronic payments starting in 2010. By 2014, the payments area was fully operational throughout the Eurozone, with more than 99% of credit and direct debit transfers being handled through this system.

Unlike many of the payment systems we’ve talked about, there’s no single way in which you will use SEPA to make deposits at online casinos. Instead, it is safe to say that virtually all electronic payments – through banking transfers, credit cards, or debit cards – originating in Europe and going to casinos based in European jurisdictions will be handled through this network.

In order to make a deposit through a SEPA-based method, you’ll need to provide information to the casino site, including the IBAN and BIC (or SWIFT) numbers that are associated with your bank account. It’s also worth noting that all direct debit transactions through this system will be handled in euros, even if your account (or that of the casino) are held in that currency, which could mean some minor fluctuations due to exchange rates.

One of the best things about this system is that it allows for transfers to be cleared much faster than most “international” transfers, as these can be treated as domestic payments. While this does not mean that the transactions are actually instantaneous, the level of trust in this system allows casinos to immediately credit your account after a transaction has been approved, meaning you’ll usually get to start playing right away after submitting your funds transfer. In the future, this system is also expected to feature an instant payment scheme, allowing for true real time payments.

SEPA has provided for a number of advantages for both consumers and merchants, including those in the iGaming world. Thanks to a mixture of cooperation and competition, this network has become a model of efficiency for international banking, allowing for fast transfers that are trusted and secure. Of course, these payments also feature many of the same advantages you’ll see in bank transfers around the world: namely, the security that comes with using the international banking system, which helps protect greatly against the risks of identity fraud and theft.