Offer SEPA Wire Transfer payments
Overview
SEPA Wire Transfer is a customer-initiated credit transfer for euro-denominated payments in the Single Euro Payments Area (SEPA). The customer sends funds using the instructions provided by Cleverbridge.
This page explains SEPA Wire Transfer from the client's perspective. You can share the Pay by SEPA Wire Transfer guide with customers who need help completing the transfer.
SEPA Wire Transfer at a glance
The European Central Bank defines a SEPA credit transfer as a payer-initiated payment from the payer's account to the payee's account. See the ECB SEPA overview.
Why offer SEPA Wire Transfer?
SEPA Wire Transfer gives customers in the SEPA region a familiar euro account-to-account payment option. It can fit purchasing processes in which the customer must approve and send a bank transfer directly.
Order flow
- The customer selects SEPA Wire Transfer and confirms the order.
- Cleverbridge provides the bank details and payment instructions.
- The customer sends the transfer through their bank.
- Cleverbridge receives and matches the transfer to the order.
- After confirmation, Cleverbridge sends the delivery details.
Processing and matching
The customer's bank confirmation and Cleverbridge order confirmation are separate. Cleverbridge completes the order only after it receives the funds and matches the transfer using the provided payment details and reference.