Adding EUR: Your unique IBAN, along with the BIC, can be used both for a SEPA and a SWIFT transfer. If you add money from a European bank account, it will most likely be a SEPA transfer. Otherwise, it will be a SWIFT transfer or else the transfer will not reach Paytend.
There are typically two types of transfer clearing - domestic (often called local), where sending and receiving banks are located in the same country, and international (often called cross-border), mainly processed via SWIFT network, and often involving currency conversion by intermediary banks.
In general, local transfers can be received quickly, next or same day, or even instantaneously, while international SWIFT transfers might take up to five working days. When transferring via SWIFT, it’s important to make sure that IBAN and BIC are instructed correctly as shown in the app. Simultaneous use of local and SWIFT details to transfer the funds will cause a failure and money will bounce back to the sender without reaching Paytend.