Viewing profile — ThrowAwayIRUK

Then, your "universal sentence" is not matching, since you didn't mention the transfer way: for sure i can charge you more for a SWIFT or T2 EU-transaction than i do for a SEPA EU-…

>> ..In most countries, payments within the same bank have been instant (and free).. Which is quite simple: First, its internaly only an exchange of liabilites in your balanace she…

SEPA SDD Core has one big advantage for (trustworthy) customers of a merchant: it's fucking cheap for the merchant :-) and with cheap, i mean, reeeeeaaalllyyyy cheap (well, dependi…

Interesting! So, TIPS is just one of the available clearing mechanisms available for the SEPA Inst scheme. (The other one is RT1, which is live a little bit longer) Currently, ther…

SEPA has 4 message types, currently: - PUSH: - SCT Standard - SCT Instant - PULL: - SDD Core - SDD B2B As a bank, you are not forced to support all of them; also, it depends on the…

Actually, in the first case, its not instantly take, instead it is marked as a "abgesicherte laschrift", which is equivalent to enter card+PIN, meaning you can't revoke those. Thou…

Depends on which card you have used and which scheme was used to process; In general, "double scheme cards" (MC + Maestro on one card) should offer you the option to choose, while …

Not exactly: You could sign a contract with your landlord, then revoke the so called "SEPA mandate" afterwards and you can forcibly switch to "manual payment" each month, since the…

Not correct: Giropay does in fact include fees, though these are usually covered by the seller. (check for example: https://www.unternehmerportal.info/giropay/ ) DISCLAIMER: Lead P…

Not correct: SEPA SDD Core + SDD B2B are working crossborder; though you're right that these are not deployed regularly/seldom. DISCLAIMER: Lead Payment Engineer at an European Cha…

Not really: SEPA has several message types: - SCT Standard is a push - SCT Inst is a push - SDD Core is a pull - SDD B2B is a pull

Leading Payment Engineer of one the most aggressive challenger banks in EU here: - first, SEPA has several message types - SEPA SCT: A standard transfer, usually settled the next d…