Check out the EU payment rules and the different situations you might experience. Be careful on electronic payments.
Single Euro Payments Area (SEPA)
The Single Euro Payments Area (SEPA) is where more than 500 million citizens and over 20 million businesses and European public authorities can make and receive payments in euro under the same basic conditions, rights and obligations, regardless of their location.
EU rules on payments mean that you and your customers can make and receive electronic transactions easily. This means that banks must charge you the same rate for payment in euros across the EU as they do for an equivalent national transaction.
The EAPO procedure - If you or your business is owed money by a company based in another EU country, the Courts can order that the funds in the other company's bank account are frozen.
