How to Send a SEPA Payment Programatically
SEPA (Single Euro Payments Area) is the standard for sending bank transfers between companies in the European Union. SEPA payments are sent using the ISO20022 standard, which means that you can use iso20022.js to send SEPA payments programatically.
If you have a corporate bank account within the SEPA area, you can send SEPA payments through your bank. In order for a SEPA payment to be sent, we need to collect the right information about our bank account, the party we're sending money to, and finally create an ISO20022 file and send it to our bank.
When you create a SEPA payment, you will need to find a way to deliver the payment to your bank. There are two main ways to send SEPA payments:
The easiest way to send SEPA payments is to upload an ISO20022 XML file to your bank's portal. Many banks support this method of sending SEPA payments with their in-house bank portals.
Direct transmission is the process of sending and receiving payment instructions with your bank. The most common method and reliable interface for direct transmission is through SFTP. This means that the bank will need to provide you with a SFTP server and credentials to connect to it. Think of it as a shared folder where you will deposit instructions into.
