SEPA stands for the Single Euro Payments Area, and in essence, it is a new format for international bank transfers within Europe. There are 34 countries that are part of the SEPA zone, and its main application is to simplify cross-border money transfers in euros, the only currency SEPA supports.
In general, a SEPA transfer is similar to a domestic transfer in that it is fast and has minimal to no fees. If you have a SEPA bank account, you will be able to purchase cryptocurrency from Coinify and pay for it with a SEPA bank transfer.
The SEPA (Single Euro Payment Area) includes the following countries:
The 28 EU states:
Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, (the United Kingdom - not supported at the moment), and Croatia.
Other Territories:
Iceland, Monaco, Switzerland, Liechtenstein, Norway, and San Marino.