Instant SEPA transfers are one of the most demanded financial services. They allow companies in the energy sector to carry out financial transactions immediately, significantly improving economic efficiency and fulfilling the organization’s objectives.
Since several companies or financial institutions currently offer instant SEPA transfers, choosing the ideal provider that suits our needs can take time. Here are some tips to consider when selecting a provider for the instant SEPA transfer service for companies in the energy sector.
Experience in the sector
It is advisable to verify the number of years of experience the supplier has; for example, a company with more than two years of operations will be more reliable than a company with only 3 or 6 months of operations. It is also essential that the supplier has experience with companies in the energy sector, as this means that it can offer solutions adapted to the particularities and needs of the industry: standards, organizational culture, regulations, communication system, terminology, permits, etc.
Adaptability
Companies in the energy sector generally handle a large number of financial operations. Because of this, the provider’s adaptability is critical, especially when adapting to the industry’s changing needs, such as regulatory changes, political factors, market volatility, etc.
The ability to adapt means that instant SEPA transfers can always be fast and efficient, which is essential to optimize cash flow management and ensure immediate liquidity, allowing companies to have smooth and uninterrupted operations despite external setbacks and changes in the industry.
Security level and compliance standards
One of the most important factors when choosing a provider for the SEPA instant transfer service is verifying its level of security. Because of this, it is advisable to investigate the provider’s platform’s primary security measures. Some examples of these measures are identity verification, SSL/TLS encryption, encryption of data at rest, transaction approval protocols, and security controls, among others. All this improves the integrity of operations, which provides confidence to all operators and end users.Another point to consider in this aspect is verifying that the provider complies with the different norms and standards established by the financial industry; this guarantees a certain level of supervision by local and international authorities, resulting in a platform with a higher level of quality and security.
Evaluating customer support
When choosing a provider for the instant SEPA transfer service, it is advisable to evaluate their support and customer service; this will give us an idea about the treatment we will receive in the future (as customers), as well as the level of communication and professionalism of the provider.
To evaluate this point, we can contact the supplier through its different digital channels, measure the response time, and look at the level of personalization and quality of their responses. For example, a supplier that responds the same day and in a personalized way will be more reliable than a supplier that responds after four days and uses a generic response.
Evaluate which currencies they operate with
Although the SEPA instant transfer service aimed to operate specifically within the European market (where the official currency is the Euro), more countries outside the Eurozone have now adopted this payment method. For this reason, when choosing a provider for the SEPA transfer service, it is advisable to evaluate which currencies and countries the provider operates with, as this will allow us to assess whether these “additional” currencies and countries may be helpful in the interests or goals of the business or organization.
Understanding the differences between SEPA and Instant SEPA service
Understanding the difference between SEPA and SEPA Instant is essential, as this will allow us to choose the right provider and avoid misunderstandings or false expectations. As we saw in our previous article, the main differences between these two services are as follows:
– Fees: The SEPA transfer fee is free or less than €1, while the SEPA Instant fee may include some additional fees at certain banks or institutions.
– Times: The speed of approval of a SEPA payment is 1 to 2 working days, while in SEPA Instant, it is approximately 10 seconds.
– Operating days: SEPA transactions can only be made on business days from 8 a.m. to 8 p.m. (UTC +3), while SEPA Instant transactions can be made 24/7.
– Limits: The maximum limit per SEPA transfer is 999,999,999.99 euros, while in SEPA Instant, it is 100,000 euros.
What do you think about this topic? Would you like to learn more about Pilsenga’s financial services for energy companies?
If you are interested in Pilsenga’s products or services (including Instant SEPA transfers for energy sector companies), please contact us by clicking the following link.
