Vyne provides 99% coverage of retail banking in the UK including all the CMA9 and challenger banks, plus key coverage in Germany, Italy, Spain, France, and Ireland.
|GBP||Single payments, refunds, payouts||GB|
|EUR||Single payments, refunds||DE, ES, FR, IE, IT|
We deliver payments across Europe's biggest e-commerce markets using Faster Payments Service (FPS), SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst) connections. We use connections sourced from multiple partners in order to provide redundancy and maximise uptime. We pair this reliability with industry-leading knowledge in handling a variety of European payment and authorisation flows, to deliver you with dependable coverage.
The Single European Payments Area (SEPA) standardises the way EUR payments are made across Europe. Within countries that support EUR, Vyne offers two different service types: standard and enhanced. You can use either service type in any the EUR-currency countries you've selected.
- Our standard service uses SEPA Credit Transfer (SCT) [Similar to BACS]
- Payments initiated on all working days before 16:30 (EET) will reach the recipient on the same day; payments initiated after 16:30 will reach the recipient on the next business day. There is no charge for using SCT.
- Our enhanced service uses SEPA Instant Credit Transfer (SCT Inst) [similar to Faster Payments Service]
- Allows the 24/7 submission of EUR payments with a guaranteed delivery times, within 10 seconds. Coverage is more limited, and there is often a small charge levied to the consumer by the payer's bank for using SCT Inst.
It is important to consider which service type will be most appropriate for your consumers. Service type is specified each time you call our API from your application, and this allows you to use the most appropriate service type for your use case or customer type.
Updated 6 months ago