TechFlow reports that Binance partner Paysafe will cease supporting cryptocurrency exchanges, effective September 25. According to a Binance spokesperson via email, Binance plans to switch its provider for euro deposits and withdrawals—services conducted via bank transfers (SEPA). The current partner, Paysafe, will no longer offer these services to Binance users starting September 25, 2023.
As a result, Binance users must update their bank details used for depositing into their Binance accounts before this date and may need to accept new terms and conditions to continue using SEPA services after this date.
SEPA, or the Single Euro Payments Area, is a cross-border payment network established by the European Union to facilitate euro transactions. This change requires Binance users to make necessary preparations to ensure uninterrupted use of SEPA services.
