I'd like the EU to enforce a payment-system agnostic checkout for webshops, which gives me the same payment options everywhere and which also adds a layer of privacy.
Decathlon Germany adds Wero payment option to decathlon.de website
41–50 of 242 posts
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#42> competition in digital payments What competition? Here in the Netherlands, iDeal (which is already renamed to Wero) has almost no competition. Perhaps PayPal a few percent
Visa
MasterCard
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#43Earlier quoted context omitted.
Wero’s website says they don’t charge fees So who is charging the fees?
They most likely don't charge fees on consumer. Usually the fee is on merchant (and it's few % depending on region regulations etc.) Payment providers such as Wero are doing direct bank transfer, which is usually fee-less, but then they can afford to put a on-merchant fee that's much lower than what credit card companies are charging. Thus the model is win-win-win: Consumer doesn't pay more, Merchant pays less, and W…
Card fee in EU is maximum 0.2% for debit and 0.3% for credit. By law.
Card companies hated this. They said they'd lose money and have to pull out of the EU entirely if it passed. Turns out, they lied!
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#44God I wish the US had a digital payment system that we could all basically agree on. Having Apple Pay vs Google Pay vs Zelle vs Paypal vs Venmo vs all the others is annoying as hell.
It is one of these instances where « let the market decide » is not necessarily the best option on the long run.
Ideal was a result of free market banking though.
> The system was conceived by the Dutch banks ABN Amro, ING Bank, Postbank N.V. and Rabobank, to develop a single system for online payments that could be used by all banks.
Currently owned by EPI:
> The European Payments Initiative (EPI) is a unified digital payment service launched in 2020 and backed by sixteen founding European banks and payment service providers.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#45> competition in digital payments What competition? Here in the Netherlands, iDeal (which is already renamed to Wero) has almost no competition. Perhaps PayPal a few percent
In Germany PayPal is pretty huge
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#46I'd like the EU to enforce a payment-system agnostic checkout for webshops, which gives me the same payment options everywhere and which also adds a layer of privacy.
That's like, literally impossible? "Hey I just invented ameliuspay, your shop doesn't support it, go directly to jail"
The closest you have is SEPA because it's universal on all Euro bank accounts. And many webshops do offer it. It doesn't integrate into credit card workflows because it's a push payment - you have to go to your banking app, type the details and send the money, while the website waits. Some people might have to go to an actual bank.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#47I need to use this thread to mention the Polish payment system Blik. It is one of the most convenient payment systems out there - you generate an ephemeral 6-digit code in your banking app, copy it to the vendor, confirm, done. Works P2P with phone numbers, too.
Interestingly, it would be the perfect system for payments using AI agents - the agent tries to pay, asks user to provide 6-digit code, submits payment request. User confirms via banking app. Done.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#48I'd like the EU to enforce a payment-system agnostic checkout for webshops, which gives me the same payment options everywhere and which also adds a layer of privacy.
That's like, literally impossible? "Hey I just invented ameliuspay, your shop doesn't support it, go directly to jail" The closest you have is SEPA because it's universal on all Euro bank accounts. And many webshops do offer it. It doesn't integrate into credit card workflows because it's a push payment - you have to go to your banking app, type the details and send the money, while the website waits. Some people mig…
If ameliuspay is properly registered with the EU payment processor platform, then it should automatically appear as an option in the webshop.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#49Why is this news? In the Netherlands the ideal system is already replaced by Wero ? What am I missing.
It’s not about the Netherlands, that’s what you seem to be misunderstanding
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#50Earlier quoted context omitted.
For Amazon Spain I use my debit card. Is there an upside to using Bizum?
I tend to prefer Bizum over my card, as my newfangled debit card has a CVV code that changes every 10 minutes, so I can no longer just autofill the card with a password manager, I MUST open the bank app to get the CVV code. With Bizum I don't need that, input my phone number, approve the dialogue in the bank app, then for future purchases it's automatically approved. That no fees goes to American companies is just th…
Got it. In my case I don’t have to use my bank app at all. Just go to checkout with Amazon and it automatically charges it from my bank account.