Bank transfers & instant payments · Europe · Available
SEPA Instant in Spain
SEPA Instant is one of the payment methods in Spain. Payments are made in EUR; the method supports pay-in, payout, refund; settlement: instant; chargebacks: not possible. The payments regulator in Spain is Banco de España. Providers for SEPA Instant in Spain in the Tranzify catalogue: Sgate, TrueLayer, Volt.
Key facts
- Currency
- EUR (Euro)
- Operations
- Pay-in · Payout · Refund
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- Banco de España
Providers for SEPA Instant in Spain
How a payment goes through
- 1The checkout shows the account details, the amount and a reference
- 2The payer sends the transfer from their banking app
- 3The provider matches the incoming transfer by reference and amount
- 4Webhook to the merchant; unmatched transfers are refunded
Other payment methods in Spain
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| Cards | Visa | — |
| Cards | Mastercard | — |
| Open Banking | Open Banking (EU, PIS) | — |
| Wallets | Apple Pay | — |
| Wallets | Google Pay | — |
| Wallets | PayPal | — |
| Buy now, pay later | Klarna | — |
| Wallets | Bizum | — |
SEPA Instant in other countries
Frequently asked questions
Which providers offer SEPA Instant in Spain?+
In the Tranzify catalogue SEPA Instant in Spain is offered by Sgate, TrueLayer, Volt. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is SEPA Instant used in Spain?+
The catalogue has no published market share for SEPA Instant in Spain; the method is listed among the country's payment methods.
Which operations does SEPA Instant support in Spain?+
SEPA Instant supports pay-in, payout, refund. Settlement is instant and chargebacks are not possible; the amounts are in EUR.
Who holds the licence for SEPA Instant in Spain?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in Spain is Banco de España.
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