Tag: Paysafe Payment Solutions

Reports have emerged regarding an abrupt suspension of Single Euro Payments Area (SEPA) transfers for EUR payments by Binance users. This suspension occurred approximately one month earlier than the initially communicated deadline. According to Binance's customer support on X, SEPA transfers for EUR payments are currently on hold. Nevertheless, the support team reassured users that this service would remain available until September 25, 2023.

Paysafe Payment Solutions, the European banking partner of Binance, announced on Thursday that it will no longer offer its embedded wallet solution to the U.S. cryptocurre exchange across the European Economic Area (EEA) starting from September 25th. Binance confirmed the development, saying that Paysafe will no longer be providing EUR deposits and withdrawals via Bank Transfer (SEPA) to Binance users from September 25, 2023.