Verification of Payee (EU)
As part of Europe’s Instant Payments Regulation, Nium complies with Verification of Payee (VoP) requirements.
Local EUR accounts issued via Nium (through SEPA) must be registered with the VoP regulatory authority. This allows the remitter to verify account details before processing a transaction.
If a customer chooses to opt out of sharing account information with the VoP scheme, the decision can be submitted to Nium using the Verification of Payee request. Provide:
uniquePaymentId
: The virtual EUR account number issued via SEPAconsent
: Opt-out decision
For more information, see Verification of Payee
For questions, contact support@nium.com.