Even in Slovenia, where cards are the default, SEPA bank transfer remains a valid option for high-value payments and B2B transactions. This guide covers the confirmation process for transfer-based payments, the settlement structure, and criteria for deciding whether to adopt it.
Slovenia has widespread bank account ownership and, since joining the eurozone, has been fully integrated into the SEPA transfer infrastructure. Cards are the default for small everyday payments, but bank transfer remains a natural option for high-value purchases, B2B transactions, and payments that exceed card limits.
For merchants dealing in high-ticket items such as furniture and appliances, or in education, professional services, or business-to-business trade where per-order amounts run high, it makes sense to offer a transfer option alongside card payments. Because transfers confirm the order only after the deposit is received, it's important to design the confirmation and matching workflow in advance.
After placing an order, the customer transfers funds to the provided account (IBAN) through their own bank's online banking, or, in an open banking setup, selects their bank on the checkout screen and approves the transfer there. Strong Customer Authentication (SCA) under PSD2 is carried out at the bank login step, and the order is confirmed once the deposit is confirmed. Standard SEPA transfers typically arrive within the same day to one business day, and at banks that support instant transfers (SCT Inst), funds arrive within seconds.
You can explore accepting SEPA transfers through Hecto Financial's integration without a separate contract with a Slovenian bank. The confirmation method (manual reconciliation or automatic matching), along with the settlement cycle, fees, and currency options, varies by transaction volume and industry, so consultation before contracting is recommended.
※ This section describes the general support process and does not guarantee actual integration eligibility for a specific merchant. Please confirm exact coverage and fees through consultation.
Confirm contract eligibility for businesses registered in Korea
Integration method and priority vary depending on your online sales channel mix, such as owned storefronts, marketplaces, or mobile apps
Check in advance whether your products fall under categories restricted by the Bank transfer operator's merchant policy
Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)
The euros a consumer transfers first flow into Hecto Financial's collection structure, then go through a currency conversion process before being settled to the Korean merchant in whichever currency, USD, KRW, or JPY, was set under contract. Unlike cards, transfer payments carry no chargebacks, but conversely, customer refunds require the merchant to actively send the money back, so a refund account verification process should be set up.
Hecto Financial's team will work with you to review the right combination of payment methods for the Slovenian market.
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