How does the Revolut send the outgoing SEPA transfers? Which option are they using? OUR, BEN or SHA? I’m looking to pay my rent from the Revolut account and I want be sure that the landlord will not have to pay any fee. It’s gonna be my first time, did anyone else send outgoing SEPA transfers ? Did they went fine? (I’m little paranoid as I saw a topic of someone who sent a transfer to Santander and money is lost on the way)
Revolut’s payment processor, Currency Cloud, uses SHA payment option (shared cost option) - Revolut (Currency Cloud) does not charge fees, but the intermediary or benenficiary bank might.
Thanks for the answer.