# Third-Party Payments in Euro via Monerium

> Through our partnership with Monerium, you have a personal IBAN that allows you to directly connect your blockchain wallet to the European banking netwo...

Source: https://usepicnic.com/en/help/articles/third-party-payments-in-euro-via-monerium · Updated 2026-10-12

Through our partnership with Monerium, you have a personal IBAN that allows you to directly connect your blockchain wallet to the European banking network (SEPA).

#### **Third-Party Payments**

Euro (EURe) operations allow you to send and receive funds from accounts not in your name.

-   **Receiving:** You can provide your Monerium IBAN to receive third-party payments, such as salaries or transfers from friends.
    
-   **Sending:** You can send Euros directly from your Picnic wallet to the IBAN of any person or company that supports the SEPA method.
    

#### **Important Rules and Restrictions**

While the use of third-party accounts is allowed, there are mandatory guidelines that must be followed:

-   **Account Ownership:** You cannot conduct transactions on behalf of another person. The Picnic account and linked IBAN must be operated exclusively by the account holder.
    
-   **First deposit:** Monerium may require your first deposit to come from an account in your name at a bank in the European Economic Area.
    
-   **No intermediation:** the IBAN cannot be used to receive money from someone and send it back to that same person, or to operate on behalf of third parties.
    
-   **Restricted Categories:** Payments involving legally restricted or high-risk counterparties [(as per Monerium Article 17)](https://monerium.com/policies/personal-terms-of-service/) will not be processed.
    
-   **Supported Network:** The transaction will only be completed if the destination or origin IBAN is compatible with the SEPA system.
    

#### **How the Process Works**

-   **Deposit:** When transferring Euros to your personal IBAN, the amount is automatically converted into EURe in your Picnic wallet.
    
-   **Withdrawal:** When sending to an external IBAN, the EURe tokens are redeemed and the Euros are sent via SEPA to the destination account.
    

#### **Frequently Asked Questions**

**Are there fees for SEPA transfers via Monerium?** Monerium does not charge fees for 1:1 transfers between your IBAN and the banking network.

**Can I receive my salary directly in Picnic in Euro?** Yes. Since your IBAN is issued in your own name, it supports third-party payments, including from companies.