How to Buy Gift Cards via Bank Transfer (SEPA) in 2025?
Last updated: February 4, 2025 3 min read
Viktorija Dvariskyte
Paying with SEPA
SEPA, or the Single Euro Payments Area, is a payment integration initiative by the European Union that simplifies bank transfers in euros across participating countries. It was introduced to create a standardized, efficient, and cost-effective way to process electronic payments within Europe.
How SEPA Works
SEPA allows individuals and businesses to send euro-denominated payments across 36 countries with the same conditions, rights, and obligations. Payments are processed using the recipient’s IBAN and, when necessary, the BIC. Single Euro Payments Area standardizes transfers, ensuring fast, low-cost, and secure transactions, with no currency conversion needed. It makes cross-border payments as easy as domestic ones.
| SEPA Countries List | |
| EU Member States (27) | Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden |
| Non-EU Countries (9) | Iceland, Liechtenstein, Norway, Switzerland, Andorra, Monaco, San Marino, United Kingdom, Vatican City |
| Note on the UK | Despite Brexit, the UK remains part of SEPA, ensuring seamless euro transfers with other countries. |
Benefits and Safety of Using Bank Transfer
Benefits:
- Low Transaction Fees
- Fast Payment Processing
- Wide Acceptance
- No Currency Conversion Fees
Payment Security:
- Protecting Transactions from Fraud
- Encryption of Payment Data
- Consumer Protection Regulations
- Strong Customer Authentication (SCA)
Steps to Purchase Gift Cards with Bank Transfer via CoinGate
- Visit the CoinGate Gift Cards store.
- Go to the “All Gift Cards” section, and choose your desired card (e.g., Apple, Netflix, Walmart, Steam).
- Enter the gift card amount and select “Bank Transfer (SEPA)” as your payment method.
- CoinGate will provide their IBAN. Use your online banking or visit your bank to transfer the amount, including the reference number provided by CoinGate.
- Once CoinGate Gift Cards confirms receipt of your payment (usually within 1 business day), your gift card will be processed.
- After confirmation, you’ll receive the digital gift card via email from CoinGate Gift Cards. Redeem it and enjoy!
Frequently Asked Questions about SEPA
You need the recipient’s IBAN, the recipient’s name, and the payment amount. Some banks may also require the recipient’s BIC (Bank Identifier Code).
Transfers are typically processed within one business day. However, some banks may take slightly longer depending on their internal processes.
You can purchase a variety of gift cards via bank transfer, including popular options such as restaurants, gaming, travel, electronics, clothing and many others. CoinGate Gift Cards offers a wide selection of gift cards for different retailers and services, allowing you to choose the one that best suits your needs.
No, SEPA is designed exclusively for euro-denominated transactions. For other currencies, you’ll need to use alternative payment methods like SWIFT.
Written by:
Viktorija Dvariskyte
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