"Running a business in London these days often means thinking beyond the UK. Fortunately, going international isn't reserved only for big corporations nowadays. Even a small family-owned shop in London can sell products or services to people all around the world. But this means dealing with international transactions, which aren't as simple as domestic ones. You need to learn more about SEPA transfers and European IBANs, which offer a much simpler and faster way to move money across Europe."
"Going to traditional banks is no longer an option if you like to do things efficiently and not waste money on unnecessary things like exchange fees and dive into confusing account formats. SEPA transfers and IBANs might sound too complicated, but once you get the hang of the system and learn how it works, it will all make sense. Trust me, this process is much simpler than the traditional banking system from a few years ago."
SEPA (Single Euro Payments Area) enables sending and receiving euros across participating European countries with low fees and faster transfers. London businesses, including small family-owned shops, can use SEPA and European IBANs to make international transactions feel like local payments. SEPA acts as a highway connecting European bank accounts, reducing delays and extra fees associated with cross-border transfers. SEPA transfers typically complete in about one business day. European IBANs standardize account formats and simplify processing. Avoiding traditional banks can reduce exchange fees and complexity when trading across Europe. Learning SEPA and IBAN systems streamlines international payments for UK-based businesses.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]