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Payment rails

Business payment rails

2PayApp provides eligible business customers with access to European, UK, US and international payment rails from one platform.

Available payment methods may include SEPA, SEPA Instant, Faster Payments, SWIFT and ACH.

Discuss your requirements View pricing
€
SEPA
Euro payments · SEPA area
EUR
SEPA Instant
Near real time when eligible
EUR
£
Faster Payments
UK domestic payments
GBP
SWIFT
International payments
Multi
$
ACH
US domestic payments
USD
Comparison

Payment rail comparison

SEPAEUR
Typical use
Euro payments within the SEPA area
Processing
According to SEPA scheme and participating-institution rules
SEPA InstantEUR
Typical use
Time-sensitive euro payments
Processing
Near real time when both institutions and the transaction are eligible
Faster PaymentsGBP
Typical use
UK domestic payments
Processing
Usually processed rapidly, subject to network and provider availability
SWIFTMultiple
Typical use
International payments
Processing
Depends on banks, correspondent routes and compliance checks
ACHUSD
Typical use
Eligible US domestic payments
Processing
According to ACH and participating-institution rules
Each rail in detail

How each payment rail works

€

SEPA

SEPA enables euro-denominated transfers between participating institutions in the Single Euro Payments Area.

It is generally used for customer payments, supplier payments, commercial invoices and other euro-denominated transfers.

SEPA Instant

SEPA Instant is designed for rapid euro payments. Instant processing is available only when:

the sending institution supports the scheme;
the receiving institution supports the scheme;
the payment meets applicable limits and eligibility requirements;
the service is operational at the time of the transfer.
£

Faster Payments

Faster Payments is a UK payment network for eligible domestic GBP transfers.

Access may depend on the account details, participating institutions and approved transaction limits.

SWIFT

SWIFT is used for international payments and payment messages between financial institutions. A SWIFT payment may involve intermediary or correspondent institutions.

Processing time, fees and the final amount may depend on:

CurrenciesPayment routeCorrespondent institutionsFee instructionsBeneficiary-bank chargesCompliance reviews
$

ACH

ACH is a US payment network used for eligible USD payments. It may be appropriate for qualifying business collections, supplier payments and other US domestic transfers. Availability depends on the payment type and account configuration.

Which payment rail should a business use?

SEPAGenerally appropriate for standard EUR transfers within the SEPA area.
SEPA InstantMay be appropriate for eligible time-sensitive euro payments.
Faster PaymentsGenerally used for eligible domestic GBP payments.
ACHGenerally used for eligible US domestic USD payments.
SWIFTCommonly used when an international payment cannot be completed through a local or regional payment network.
FAQ

Frequently asked questions

No. Both participating institutions and the transaction must be eligible for the instant scheme.

Discuss your payment requirements

Tell us which currencies, countries and transaction types your business needs.

Related pages

Business Payment AccountEUR, GBP and USD
Merchant Settlement AccountAcquiring settlements
Virtual IBANsSeparate incoming flows