Can You Use TransferWise to Make SEPA Payments?


I’m outside the EU and setup a TransferWise EUR account thinking I would be able to make payments to other European bank accounts as it has its own BIC and IBAN.

Today I tried my first trade and in TransferWise, when I enter in my trade partner’s IBAN, TransferWise is telling me it doesn’t support that bank and can’t proceed. I don’t know what to do. I have a BE account and was trying to send to a PT bank.

I also tried using TransferWise’s SWIFT option but it recognised the BIC I entered and wouldn’t proceed saying that I needed to use SEPA instead as I was trying to send money to another EU country.

I think I’ve messed up a trade.

I realise now after re-reading the Wiki that using TransferWise’s email address to send seems to be the only way to go, but there seems to be such thin volume with TransferWise as the payment option and I was really looking forward to being able to make SEPA transfers with all the EUR denominated offers.

  • Has anyone been able to get it to work and can pass on some tips?
  • Am I out of luck with this trade? and,
  • Am I out of luck with this method of payment all together?


Hi @john9234 thanks for the post.

I think you were just unlucky with the seller you trader with. Most of the time this would have worked.

You can open mediation and inform the mediator you were unable to send penalty. Transferwise can be a bit particular about which banks it allows payments too.

The Transferwise email option is only for transferwise to transferwise payments.

You should be able to use your BE IBAN for both SEPA and SEPA Instant payments

Transferwise is great when it works. I would recommend taking another offer and trying it out and also adding SEPA Instant with your payment details to access as many offers as possible.

Thanks for your reply @Pazza

In the end I was very lucky, We used the chat and my trade partner had a TransferWise email and it all went through ok using it. I realised after completing the trade I should have chosen a safer method, eg the mediation as you mention. I’m just very fortunate that it seems most people in the Bisq community want to do the right thing.

Thanks for the encouragement, I will try another trade and for the sake of future forum members I’ll report back how I get on.

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For any future forum users wondering about this issue. Since writing initial query I

  • was able to complete a trade with ‘TransferWise’ as the payment option, and
  • complete a trade with ‘SEPA’ as the payment option

Hopefully it only affects a small percentage of potential banks as the EUR market is much, much larger than my local market so this is an ideal solution.

Best of luck everyone with your trades.