Instant SEPA payments


#1

As Twitter user flix1 posted we should look into instant SEPA payments.
Can anyone have a look into options? APIs would be great but I fear there will be some limitations we cannot fulfill…

http://www.europeanpaymentscouncil.eu/index.cfm/sepa-instant-payments/what-are-instant-payments/?platform=hootsuite


#2

I think that it is still not active
http://www.europeanpaymentscouncil.eu/index.cfm/sepa-instant-payments/sepa-instant-credit-transfer-sct-inst/


#3

It seems to be planned only:
http://www.europeanpaymentscouncil.eu/index.cfm/sepa-instant-payments/epc-work-on-instant-payments/


#4

Start instant bank transfers in Europe! The delay of 24 H disappears. We will need to enable a new type of payment in Bisq: SEPA instantaneous, to identify the bank accounts that have this possibility.


#5

Is there a list of banks which support it? What is the timeframe until all sepa banks support it (if there is any)?

EDIT: Ah after checking the link. Seems most banks support is very soon. Just Germany is a year delayed. But seems the list is not containing all SEPA countries and in some countries there are just a few banks.

But as soon it starts I will add a new payment method for it. Users need to know if their bank supports it or not.


#6

Can anyone research the SEPA instant payments options in regard for Bisq?

  • do they have the same mandatory fields like SEPA (iban, bic, name, country)
  • Is BIC needed actually? ( i think some countries/banks still need it)
  • Do you can send between normal SEPA and SEPA instant payment? I assume so but prob the duration is then like SEPA.
  • If there is a service/database for IBAN - SEPA instant payment support we could automatically check if the bank is really supporting it already. Is there such a database?
  • Any changes in chargeback policy in comparison to SEPA?
  • Anything else?

As soon we have all information we can add it and make a new release.


#7

These instant transfers will only be available next month in 8 SEPA countries. the rest of the countries should adhere by the end of 2018. I don’t foresee any changes to the user interface in banks as far as i’ve read.
All banks are also supposed to have APIs by the end of 2018.


#8

Hey everyone,

if someone wants to do the research, here’s a good starting point:

SEPA INSTANT CREDIT TRANSFER (SCT INST) SCHEME RULEBOOK

QUESTIONS & ANSWERS ON THE SEPA INSTANT CREDIT TRANSFER
SCHEME:

EPC LIST OF SEPA SCHEME COUNTRIES:

Regards