Why are payments within the eurozone not called cross-border payments?

Payments within the eurozone are not termed cross-border payments primarily due to the establishment of the Single Euro Payments Area (SEPA). SEPA allows for seamless transactions in euros across member countries as if they were domestic payments. This integration simplifies the process, ensuring that payments are standardized and can be executed quickly and efficiently, regardless of the country of origin or destination within the eurozone.

The concept of cross-border payments typically implies a more complex process involving different currencies, possibly additional fees, and longer processing times. However, within the SEPA framework, all transactions in euros are treated similarly to domestic transactions, facilitating easier and more transparent payment methods across member countries. This infrastructure supports the creation of a unified payments market, enhancing both convenience and cost-effectiveness for all participants involved.