Currently, companies that carry out financial transactions within the Single Euro Payments Area (SEPA) can access SEPA and Wallet for Business services. These services allow them to manage (send, receive, and store) financial resources and digital assets under SEPA standards, especially more quickly and with a high level of security. Below, we’ll share some tips for choosing a provider for these specialized services.
Level of integration
When choosing a SEPA and Wallet provider, it’s advisable to evaluate the level of integration of the provider’s platform, as the system must adapt to the company’s needs in order to provide convenience and efficiency when managing the organization’s financial resources. For example, it’s important that the system integrates easily with pre-existing payment or accounting systems, such as an e-commerce platform or accounting software.
Regulatory and normative compliance
It’s recommended to assess whether the company complies with SEPA standards and is regulated by recognized financial authorities. This will allow us to understand the security protocols and measures implemented by the provider, which will help us determine their level of trustworthiness and professionalism.
Services or functions
When selecting a SEPA and Wallet provider, it’s recommended that the company’s complementary services or features be evaluated. Having additional services allows you to optimize financial management and improve the functioning of the SEPA account and Wallet, adapting it more effectively to the company’s specific needs. Additional services that can benefit an organization include multi-currency IBAN accounts, batch payments, accounting packages, invoicing features, exchange options, and more.
Rates and commissions
It is important to evaluate the fees and commissions charged by each provider, as there may be hidden fees or commissions that can significantly affect a company’s operating costs, especially when the organization handles a high volume of transactions.
User interface
It is advisable to evaluate the wallet’s user interface, as it is an important factor that directly affects the efficiency and user experience when managing their digital assets. It should be noted that an intuitive user interface not only saves time but also minimizes the percentage of manual errors, allowing digital assets to be managed quickly, easily, and with a high level of security.
What do you think about this topic? Would you like to learn more about Pilsenga’s SEPA and Wallet service?
If you are interested in Pilsenga products or services (including SEPA payments and business wallets), you can contact us by visiting the following link.
