How Much Do I Have To Pay For Each Sepa Transaction? For Instance, Wi

1.	How Much Do I Have To Pay For Each Sepa Transaction? For Instance, Will The Payments Industry Be Able To Charge More For Executing A Sepa Credit Transfer In Euro To/from Another Eu Country Than It Would Charge For A Similar Credit Transfer In Euro At The National Level?
Answer» Setting the actual level of charges is at the discretion of each individual payment service provider and is subject to market competition. Transparency vis-à-vis charges for the payment SERVICES offered needs to be ensured by the providers: the Payment Services Directive details the information to be given to users before the service is actually used, including, inter alia, information on the processing times and applicable charges. Regulation (EC) No 924/2009 removes any discrepancies between charges for cross-border and national payments in euro. Payment service providers must apply equal charges to comparable cross-border and domestic payments in euro within the EU. This principle of equal charges was reinforced by the SEPA migration end-date regulation, which has removed the €50,000 ceiling previously SET. The European COMMISSION provides more information on the principle of equal charges. Please refer, in particular, to the FAQs on this page. If you would LIKE to follow up on a specific case or issue, having read the FAQs, two LISTS can be consulted, one under the national competent authorities link and one under the national out-of-court and redress bodies link.

How Much Do I Have To Pay For Each Sepa Transaction? For Instance, Will The Payments Industry Be Able To Charge More For Executing A Sepa Credit Transfer In Euro To/from Another Eu Country Than It Would Charge For A Similar Credit Transfer In Euro At The National Level?

Answer»

Setting the actual level of charges is at the discretion of each individual payment service provider and is subject to market competition. Transparency vis-à-vis charges for the payment SERVICES offered needs to be ensured by the providers: the Payment Services Directive details the information to be given to users before the service is actually used, including, inter alia, information on the processing times and applicable charges.
Regulation (EC) No 924/2009 removes any discrepancies between charges for cross-border and national payments in euro. Payment service providers must apply equal charges to comparable cross-border and domestic payments in euro within the EU. This principle of equal charges was reinforced by the SEPA migration end-date regulation, which has removed the €50,000 ceiling previously SET.
The European COMMISSION provides more information on the principle of equal charges. Please refer, in particular, to the FAQs on this page. If you would LIKE to follow up on a specific case or issue, having read the FAQs, two LISTS can be consulted, one under the national competent authorities link and one under the national out-of-court and redress bodies link.