---
title: "Payment Systems and Processing Times"
slug: "payment-systems-and-processing-times"
updated: 2026-07-08T19:35:19Z
published: 2026-07-08T19:35:19Z
canonical: "www.documentation.paynetics.digital/payment-systems-and-processing-times"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://www.documentation.paynetics.digital/llms.txt
> Use this file to discover all available pages before exploring further.

# Payment Systems and Processing Times

### EUR – SEPA and SEPA Instant

SEPA enables EUR transfers across participating European countries.

- **SEPA Instant**: executed within seconds, available 24/7/365 where supported by both institutions
- **Standard SEPA**: processed in batches during business days
- Last cut-off time: 15:30 CET
- Payments submitted on SEPA bank holidays are processed on the next business day

If SEPA Instant is not supported by the receiving institution, the transfer falls back to standard SEPA.

### GBP – Faster Payments and CHAPS

For GBP transfers:

- **Faster Payments** is the default rail and operates 24/7/365, with most transfers completed within seconds
- **CHAPS** is used where required for high-value or specific use cases

### BGN – BISERA

BGN transfers are processed via BISERA.

- Multiple cut-off times per business day
- Last cut-off at 16:00 EET
- Payments submitted on Bulgarian bank holidays are processed on the next business day
- Inbound BGN transfers are processed every 60 seconds, enabling near-instant crediting

Single Euro Payments Area. A European payment integration initiative that enables euro-denominated credit transfers and direct debits across 36 member countries under unified standards and processing rules.