What is SEPA Credit Transfer? | European Merchant Bank

SEPA Credit Transfer, or SCT, is a payment scheme that facilitates electronic payments between two different bank accounts. SEPA Credit Transfer is based on straight-through-processing which bundles initiation, processing and reconciliation without any deduction from the transferred amount.
In-between any SEPA member countries, both individuals and businesses have the advantage of making payments in a maximum of 1 working day.

00:00 Intro
00:02 What is SEPA Credit Transfer?
00:17 How much does it take to make payments in between SEPA member countries?

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