Because of the rapid globalization, many people need to be able to transfer money internationally or at least across certain regions.

There are usually plenty of solutions for money transactions within a country. Everyone uses such transfers for purchasing products and services online or sending money to other people. However, more global financial transactions require special solutions. For this purpose, SEPA/SWIFT wire transfers are commonly used.

Both payment methods are strictly regulated and protected to ensure maximum safety of financial transactions. Thanks to encryption and official certifications, these systems are highly secure ways of transferring money both cross-border and internationally. However, there are some differences that might determine whether SEPA or SWIFT is more convenient in a particular case.

The Main Differences between SEPA and SWIFT Payment Methods

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