🇪🇺 Pay Suppliers in European Union
Pay European suppliers for manufacturing, freight forwarding, food & beverage
T+0 (2.3s avg within Unicorn network). Save 75% vs traditional banks.
What you need to send money to European Union
What details do I need to pay suppliers in European Union?
To pay suppliers in European Union you need the recipient's IBAN + BIC (International Bank Account Number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to European Union?
Payments to European Union settle in an average of 2.3 seconds when using local rails such as SEPA (Single Euro Payments Area), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to European Union?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 75% versus banks (e.g. £505 vs £2025 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to European Union
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2% | 0.5% |
| Payment Fee | £25 | £5 |
| Total Cost (£100,000) | £2,025 | £505 |
| YOUR SAVINGS | N/A | £1,520 (75%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in European Union
Avoid expensive SWIFT fees. We use local payment systems in European Union for faster, cheaper settlement.
SEPA (Single Euro Payments Area)
Pan-European low-cost payment system
Target2
European Central Bank real-time settlement
EBA Clearing
STEP2 for bulk payments, RT1 for instant
Who Uses This Payment Corridor
Key Industries in European Union
- Manufacturing
- Freight Forwarding
- Food & Beverage
- Automotive
- Machinery
Average Transaction: £50k-£250k
Typical Monthly Volume: £400k-£4M
Popular Supplier Types
- German machinery manufacturers
- French food & beverage suppliers
- Italian textile/fashion
- Netherlands freight forwarders (Rotterdam)
What You Need to Know: European Union Payments
Regulatory Considerations
- VAT (Value Added Tax) varies by EU country
- Intra-EU vs extra-EU customs differences
- GDPR compliance for customer data
- EU sanctions regime (separate from UN/US)
Payment Tips for European Union
- Use SEPA for €1-999,999 payments (very low cost)
- Target2 for large/urgent payments
- Post-Brexit customs documentation required for UK-EU
- EUR volatility lower than GBP - good for budgeting
Why Choose Unicorn for European Union Payments
Local Rails, Not SWIFT
We use SEPA (Single Euro Payments Area) and other local systems in European Union. Avoid 3-4% SWIFT fees and 2-3 day delays.
75% Lower Costs
Save £1,520 on every £100,000 payment. On £400k-£4M monthly volume, save up to £45,600 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for European Union payments.
Real-Time FX Tracking
Upload supplier invoices in EUR. See live P/L as GBP/EUR rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in European Union? Save 75%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to European Union
For businesses with high annual FX volume. Not consumer transfers.