Strayorigin: Created page with "= SEPA = '''SEPA''' (Single Euro Payments Area) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. It is the..."

2025-12-04T18:39:53Z

Created page with "= SEPA = '''SEPA''' (Single Euro Payments Area) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. It is the..."

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= SEPA =

'''SEPA''' (Single Euro Payments Area) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. It is the most common payment method for buying and selling Bitcoin in Europe on Bisq.

== At a Glance ==

{| class="wikitable"
! Currency
! Region
! Signing Required
! Initial Buy Limit
! Max Trade Limit
! Trade Duration
|-
| EUR
| 🇪🇺 Europe (EU + select countries)
| [[Account_limits|Yes]] (to lift limits)
| {{MaxTradeSizeUnsigned}}
| {{MaxTradeSizeBisq1}}
| Max 6 days (Usually < 2 days)
|}

== Account Setup ==

To use SEPA on Bisq, you must first configure your account settings.

# Go to '''Account''' > '''National Currency Accounts'''.
# Select '''Add New Account''' and choose '''SEPA'''.
# '''Account Name:''' Enter a label for your internal use (e.g., "My Deutsche Bank").
# '''IBAN / BIC:''' Enter your International Bank Account Number and Bank Identifier Code.
# '''Name:''' Enter the account owner's name exactly as it appears on your bank statement.

{{Admonition_Warn|title=Revolut Restrictions|text=Revolut SEPA accounts are '''not allowed''' on Bisq. This is due to a high rate of rejected transfers from counterparty banks when dealing with Revolut.}}

== Trading Rules ==

While the general trading process follows the standard [[Trading|Bisq Trading Guide]], SEPA has specific requirements:

=== Payment Reference ===
* '''Buyers:''' When sending the fiat payment from your bank, you must leave the payment reference/description '''BLANK'''.
** If your bank requires a reference, use your own name or account number.
** '''NEVER''' write "Bitcoin," "Bisq," or the Trade ID.
* '''Sellers:''' Expect the incoming payment to have a blank reference or simply the buyer's name.

=== Confirmation ===
* '''Buyers:''' Mark the payment as "Started" in Bisq immediately after sending the funds from your banking app.
* '''Sellers:''' Only click "Payment Received" once the funds are actually settled in your bank account, not just "pending."

== Risks, Fees & Limits ==

=== Limits ===
* '''Bisq Limits:''' Trade sizes are capped at {{MaxTradeSizeBisq1}}. New accounts are limited to {{MaxTradeSizeUnsigned}} until the account is [[Account_limits|signed]].
* '''Bank Limits:''' Your bank may have its own daily transfer limits (commonly €50,000 for SEPA). Check your bank's limit before accepting a large trade.

=== Fees ===
* SEPA transfers are generally free.
* Some banks may charge a small fee for international SEPA transfers (e.g., sending from France to Germany), though this is becoming rare.

== Dispute Resolution ==

If a trade goes to mediation:
* '''Buyers''' must provide a PDF bank statement showing the outgoing transfer to the seller's details.
* '''Sellers''' may be required to provide a PDF bank statement showing non-receipt of funds.
* '''Mediators''' will verify that the name on the bank account matches the name provided in the Bisq account details.

== External Resources ==

* [https://en.wikipedia.org/wiki/Single_Euro_Payments_Area Wikipedia: SEPA]
* [https://www.europeanpaymentscouncil.eu/ European Payments Council]

User:Strayorigin/sepa-draft - Revision history

Strayorigin: Created page with "= SEPA = '''SEPA''' (Single Euro Payments Area) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. It is the..."