SEPA/Euro Transactions

Single Euro Payments Area (SEPA) is an initiative designed to facilitate efficient and uniform processing of bank transfers in euros across countries in the SEPA zone. The SEPA/Euro service offered by Bridge provides the ability to onramp euros to a crypto destination or offramp cryptos to an external SEPA-enabled bank account, leveraging the efficient and cost-effective SEPA payment rail.

Requirements

Customers are required to accept ToS Version 2, which was launched on April 14, 2024, and provide additional Proof of Address KYC information to use the SEPA/Euro services.

For new customers from the European Economic Area (EEA), including associated principalities and territories (see full list below), the two requirements mentioned above are typically met automatically as part of the onboarding process.

For other customers intending to use these services, please refer to ToS Acceptance of a New Version and KYC Link for Existing Customers for details on how to obtain links to complete the ToS V2 Acceptance and KYC Proof-of-Address processes. Utility bills and bank statements are recommended for proof of address.

Please check the endorsements section of the Customer object returned from the customer API endpoints to determine the approval status for using SEPA and to identify any remaining requirements that need to be completed.

For example:

"endorsements": [
  {
    "name": "sepa",
    "status": "incomplete",
    "additional_requirements": [
      "kyc_with_proof_of_address",
      "tos_v2_acceptance"
    ]
  }
]

Related API Changes

Create an iban external account to use SEPA/Euro services;
Create an onramp transfer using sepa as the source payment rail;
Create an offramp transfer with sepa as the destination payment rail;
Create a liquidation address with sepa as the destination payment rail;
Obtain a ToS V2 acceptance link for an existing customer;
Obtain a KYC Link for completing proof-of-address requirement for an existing customer;
Create a KYC Link with proof-of-address step enabled in the KYC flow for new customers;
Create a customer or Update a customer with proof-of-address document;
Check endorsements section in Customer object for SEPA approval status;

Please refer to the relevant API Guide and API Reference pages for more precise details.

Bridge EEA+ Countries

Åland Islands (ALA)
Austria (AUT)
Belgium (BEL)
Bulgaria (BGR)
Croatia (HRV)
Cyprus (CYP)
Czechia (CZE)
Denmark (DNK)
Estonia (EST)
Finland (FIN)
France (FRA)
French Guiana (GUF)
Germany (DEU)
Greece (GRC)
Guadeloupe (GLP)
Hungary (HUN)
Iceland (ISL)
Ireland (IRL)
Italy (ITA)
Latvia (LVA)
Liechtenstein (LIE)
Lithuania (LTU)
Luxembourg (LUX)
Malta (MLT)
Martinique (MTQ)
Mayotte (MYT)
Netherlands (NLD)
Norway (NOR)
Poland (POL)
Portugal (PRT)
Réunion (REU)
Romania (ROU)
Saint Martin (French part) (MAF)
Slovakia (SVK)
Slovenia (SVN)
Spain (ESP)
Sweden (SWE)
Switzerland (CHE)
United Kingdom of Great Britain and Northern Ireland (GBR)