Which EUR and GBP payment routes does Quppy support?

Article facts

Payment-route overview

Important:

The presence of a route in this article does not mean that every user can send and receive through every direction. Quppy must show the route that is available for the specific account and transaction.

SEPA Standard

SEPA Credit Transfer is the standard scheme for euro credit transfers across participating SEPA countries and territories. Quppy users with eligible EUR functionality can use supported SEPA Standard operations available to their account.

Note:

The European Payments Council states that SEPA Credit Transfer uses common rules for euro credit transfers across the SEPA area. Quppy-specific execution depends on the applicable provider and transaction review.

SEPA Instant

SEPA Instant Credit Transfer is designed for euro payments that can be processed around the clock when the payer’s and payee’s payment service providers participate and the transaction is eligible. The scheme operates 24/7/365 and its current rulebook provides a maximum scheme-processing duration measured in seconds.

Important:

Do not promise that every Quppy transfer will arrive within a fixed number of seconds. Eligibility, provider availability, maintenance, compliance review and the receiving institution can affect the route and status.

Faster Payments

The Faster Payment System supports sterling payments in the United Kingdom and operates throughout the year. Quppy provides supported Faster Payments functionality for eligible GBP operations under the user’s account configuration.

Note:

Pay.UK describes the Faster Payment System as a 24/7/365 system, but individual service providers can set their own limits and service conditions.

CHAPS

CHAPS is the United Kingdom’s sterling same-day payment system, commonly used for high-value wholesale payments and time-critical customer payments. Quppy supports eligible CHAPS operations where enabled for the account.

Important:

Do not describe CHAPS as instant or 24/7. It is a same-day sterling system with operating hours and participant/provider rules.

How does Quppy determine the route?

The available route can depend on the currency, account configuration, payment direction, beneficiary details, participating institutions, amount, limits and current service status. Quppy must show the selected or available route before the user confirms the transfer.

1. Choose the EUR or GBP transfer flow available to your account.
2. Enter the beneficiary and payment information.
3. Review the route displayed by Quppy.
4. Check the amount, fee, limit and status information.
5. Confirm only after the route and details match your intention.

Note:

Exact UI labels and whether a user chooses the route or Quppy selects it automatically require current product confirmation.

Why can a route be unavailable or a transfer be pending?

• The beneficiary institution does not participate in the route.
• The transaction is outside the enabled incoming or outgoing direction.
• The amount exceeds a user, provider or scheme limit.
• Account or beneficiary details require correction.
• The payment is subject to security, sanctions, fraud or compliance review.
• The provider or payment system is undergoing maintenance or an incident.
• A route-specific cut-off or operating window applies.

Quppy should display the current status and, where it can lawfully do so, explain the next action. A pending or unavailable route does not automatically mean that the user’s entire account is unavailable.

Are these routes free?

All currently supported fiat transfer operations in EUR and GBP have no Quppy transfer fee. Currency exchange, crypto exchange, blockchain-network and third-party costs can apply separately.

Read how free EUR and GBP transfers work