Question 1

What is the SWIFT code for Paynetics Ltd?

Accepted Answer

The SWIFT/BIC code for Paynetics Ltd is PATCBGSF. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to Paynetics Ltd?

Accepted Answer

To send money internationally to Paynetics Ltd, provide your bank with the SWIFT/BIC code PATCBGSF (Sofia, Bulgaria) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is Paynetics Ltd a SEPA member?

Accepted Answer

Yes, Paynetics Ltd is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code PATCBGSF mean?

Accepted Answer

In the BIC code PATCBGSF: "PATC" is the institution code identifying Paynetics Ltd, "BG" is the ISO 3166-1 country code for Bulgaria, and "SF" is the location code indicating the bank's city or timezone zone.

PATCBGSF

Frequently Asked Questions