SEPA stands for Single Euro Payments Area. SEPA was introduced by the European Council to streamline the European payments structure. With SEPA, bank transfers can be done from any European checking account to any other European checking account. Paying by bank transfer is a very familiar and safe way for customers to pay online. They use their own trusted online banking environment to transfer money. SEPA bank transfers are supported in 34 countries. The Netherlands, Belgium, France, Germany and Poland all know high percentages of shoppers using SEPA bank transfers to pay for their online purchases.