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A comment on Apple announces Apple Card credit card. Parent comment

Re:Apple announces Apple Card credit card by jnurmine on Monday March 25, 2019 @06:12PM (#19487213)
You can pay with a SEPA payment within EU from one account to another in another country, as if making a transfer within a country.

Basically all you need is the IBAN.

The currency will be converted to euro but you don't need to be within the eurozone, only within EU.

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Re:Apple announces Apple Card credit card by photonios on Monday March 25, 2019 @06:41PM (#19487429)
This is true. The banking infrastructure within the European Union is really good compared to the US.

The example I gave was regarding accepting online payments as a business from inviduals and other businesses. For US busineses, accepting credit cards is usually enough. Large bills can be paid by wire transfer. In the EU, accepting online payments is not that straightforward. Just figuring out the right VAT rate is complicated to begin with.

See: https://ec.europa.eu/taxation_customs/business/vat/eu-vat-ru...

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