Frequently Asked Questions

EURØPaymentsmate is a peer-to-peer payment solution for sending and receiving electronic euros instantly using the EURØP stablecoin.

Unlike traditional banks or payment processors, EURØPayments settles transfers directly between digital asset wallets of the sender and the recipient, without any intermediaries.

That means no banks, no delays, and no one else who controls your funds. It’s significantly faster, more efficient, and more cost-effective than traditional payment methods. Ideal for settling invoices and business transactions instantly, even across borders.

Because payments are wallet-to-wallet and involve digital tokens, they are not treated as traditional payment transactions under EU law.

EURØPayments enables your business to make and receive euro-denominated payments between EURØPayments wallets instantly, without using banks or payment processors.*

You can:

• Pay suppliers, service providers, and partners directly from your wallet
• Reimburse contractors quickly and efficiently
• Make internal transfers between company entities
• Receive payments from clients or business partners in real time

All payments are processed wallet-to-wallet, with no middlemen, no delays, and full compliance with EU regulations.

EURØP is a euro-denominated electronic money token (EMT), also referred to as a stablecoin in common usage, which means it is issued on a blockchain. EMTs operating within the EU and EEA must be licensed under the EU’s MiCA regulatory framework and can only be issued by an authorised Electronic Money Institution (EMI).

EURØP is issued by Schuman Financial, a MiCA-licensed EMT issuer approved and regulated by the French central bank’s regulatory authority ACPR.

EURØPayments onboarding is currently available to Slovak legal entities (s.r.o., a.s., živnostníci, etc.) and their authorised representatives. Retail customers and foreign entities are not currently supported.

EURØPayments is developed by the EURØP issuer Schuman Financial and operated by Palisade, a regulated custody provider.

Schuman Financial provides product development and the EURØP stablecoin, while Palisade provides the infrastructure.

No. EURØPayments does not meet the criteria of a payment service according to the current legal definition. Because EURØPayments operates wallet-to-wallet, it’s legally considered a digital asset transfer. That means it falls outside the scope of FTT and payment service regulations.

EURØPayments is fully compliant with all EU AML, CTF, Financial Crime and International Sanctions requirements. Every user is verified before using the service, ensuring compliance.

If you would like to obtain a legal opinion, please contact us support@schuman.io.

Yes. EURØP is an electronic-money token (EMT). It is issued only at par value (€1 EURØP= €1), and as a EURØP holder, you have an unconditional right to redeem at par at any time.

100 % of issued EURØP are backed by segregated euro reserves. You can read the EURØP White Paper to learn more about it.

Schuman Financial is a regulated financial entity registered in France. Our license can be verified at the National Bank of Slovakia entity registry.

Yes. Your wallet is self-custodied, meaning that only your selected legal representatives have access to or control over the assets. The EURØPayments platform is continuously tested and monitored to meet the highest security standards.

All EURØPayments infrastructure and partners operate under 24/7 supervision and follow industry-leading protection protocols.

Yes. EURØP is fully regulated by the ACPR, the regulator of the French Central Bank and backed 1:1 by cash and cash equivalents held at European financial institutions.

KPMG, one of the world’s leading auditors, regularly audits all EURØP reserves. You can view the audit results here.

All data stays within the EEA and is encrypted both at rest and in transit.

Identity checks meet EU regulatory standards. Administrators are protected with two-factor authentication via TrustBuilder, and EURØPayments adheres to strict GDPR compliance.

You can read our Privacy Policy here.

It’s quite simple. Once you register on EURØPayments, you will be able to transfer euros from your bank account to your dedicated EURØPayments virtual IBAN. As soon as the funds arrive, they are automatically converted 1:1 into EURØP and sent to your non-custodial wallet.

From there, you can start to make and receive payments to/from other EURØPayments users by sending EURØP wallet-to-wallet in seconds.

Recipients can keep the funds in EURØP and use them for other payments, or redeem them instantly for euros via same-day SEPA transfer.

Every transaction is fully traceable, KYB and AML compliant, and integrates with your accounting system. VAT and tax reporting stay the same.

Getting started with EURØPayments is quick, simple and fully digital.

1. Enter your company details (name or IČO); data is pulled automatically from FinStat
2. Assign your legal representatives who will be able to access EUROPA and manage your wallet, make payments, and redeem EURØP. Ensure you select the person who will complete the verification.
3. Verify your identity with Biometrid (ID + face scan)
4. Submit your application to be reviewed by the compliance team

Once approved, you’ll receive an email to activate a secure login via TrustBuilder two-factor authenticator. To activate your profile, you’ll send a €0,10 payment from your bank account to your EURØPayments virtual IBAN. After this, you will be able to create your digital wallet. Once done, you can start using EURØPayments.

This is a one-time verification to confirm that you control the bank account linked to your EURØPayments profile. This €0,10 will then remain in your balance, available for use.

You can sell (redeem) EURØP at any time. Simply go to EURØPayments, click “Sell EURØP,” enter the desired amount, and submit the request.

Your EURØP will be withdrawn from your wallet and then wired to your registered bank account at par value (1 EURØP = €1), with no redemption fees.

• EURØPayments charges no fees for wallet-to-wallet payments.
• All new users can enjoy a 2-month free trial, after which you will have to select one of the affordably-priced subscription plans available here.
• There are no EURØPayments fees for converting euros to EURØP or back*.
• Wallet-to-wallet transfers are not subject to the Slovak Financial Transaction Tax (FTT).**

*Standard SEPA charges and FTT may apply when wiring funds in or out of your vIBAN
**Other taxes may still apply depending on the underlying transaction.

You’ll find all legal documents, including the MiCA-compliant White Paper and full General Terms & Conditions on the EURØPayments website.

No. EURØPayments works in your web browser. No downloads or special hardware are needed. You can use it on your computer or laptop, just like regular internet banking.

Blockchain transfers are final and irreversible by design. If this happens, contact us. We can help identify the wallet owner (since all users are verified), but resolution depends entirely on the recipient’s cooperation. EURØPayments cannot reverse or access transactions.

You can’t send or receive wallet-to-wallet payments to or from businesses that are not registered in EURØPayments. All wallet transactions must be between verified entities that have completed onboarding and are using EURØPayments wallets.

EURØP je jediný digitálny majetok, ktorý je viditeľný, podporovaný a prenosný prostredníctvom EURØPayments.

No. Your vIBAN is linked to your EURØPayments profile. Any funds deposited to your vIBAN will be automatically converted to EURØP.

Aby bol váš profil EURØPayments bezpečný, používajte svoje vIBAN číslo iba s overenými bankovými účtami vedenými na vaše meno. Vklady z neoverených zdrojov môžu mať za následok pozastavenie vášho profilu.

All users, including those on the free plan, can receive an unlimited number of payments. The only limits are applied to making payments, instant deposits and redemptions depending on your selected subscription plan. Please see our Pricing page for more info.

You can contact our support team at support@schuman.io or submit a support request at ….URL….