Written by Modulr | Jul 24, 2025 11:00:00 PM
SEPA Instant enables near real-time euro payments between accounts within the SEPA zone. This provides immediate payment confirmation and settlement. Modulr offers access to both SEPA Instant and SEPA Credit Transfer. SEPA Instant is the 24/7 instant payment scheme within SEPA for Euro currency payments. Funds settle within 10 seconds and up to €100,000 can be sent in a single transaction. SEPA Credit Transfer (SCT) is the existing payment scheme for the SEPA region for Euro currency payments. It has pan-European coverage and €1bn individual transaction limit. Payments complete same day or next day depending upon the time of the payment. SEPA Direct Debit (DD) is a Europe-wide Direct Debit system that allows businesses to collect Euro-denominated payments from accounts in the 36 SEPA countries and associated territories.