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Decathlon Germany adds Wero payment option to decathlon.de website

sgieurope.com

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Re: Decathlon Germany adds Wero payment option to decathlon.de website

#51

Post by rodrigodlu »

jjice wrote: post #30
fsuts wrote: post #18

Earlier quoted context omitted.

Wero’s website says they don’t charge fees So who is charging the fees?

Free for individuals, but paid if you're the business it seems from what I've found? If that's the case, it seems to be the same as a card in the US and I wouldn't be surprised if some businesses try to pass it on like they do with cards. [0] https://www.mollie.com/growth/wero-payment-guide#:~:text=How... [1] https://www.bnpparibasfortis.be/en/public/faq/how-much-does-...

Pix is Brazil is also paid by the merchants. ~0.33%.

Individuals is completely free. You can transfer even to people without bank accounts (and withdraw on places like corner shops and authorized merchants).

For companies certain transfers are free. eg: my company pays nothing, since I'm not a merchant, one of the banks tried to charge once and I just changed to another that offered 0% in return for keeping investments there.

Some banks offer extra services like POS machines with instant confirmation and so on (so the POS employee don't need access to the company bank account).

How much is in this case?

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#52

Post by microtonal »

anticrymactic wrote: post #25

Wero is such a valuable asset for Europe and couldn't have come at a better time. It's built on the excellent SEPA system, which standardized bank transfers and "Lastschrift" in Europe. SEPA itself got a huge upgrade last year with mandatory instant transfers that cannot cost more than standard transfers between European checking accounts. Both of those allowed Wero to happen as a final abstract top layer, meaning: t…

Note that Wero is amongs others based on the Dutch iDEAL [1] system, which was introduced 21 years ago. Virtually every Dutch web shop supports iDEAL (and many only support iDEAL) as well as international payment services such as PayPal and Stripe. As a result, the vast majority of transactions of Dutch webshops go through iDEAL. It is really a super-nice frictionless system.

iDEAL also supports P2P payments through Tikkie (ABN AMRO) or the payment request option of other banks. You basically show a QR code or send a link and the person paying goes through the iDEAL flow to transfer the money. Tikkie (and the other bank's similar and compatible systems) have been one of the primary methods for P2P transfers for many years now.

I am really happy that we are getting the same system across multiple countries now. Contactless payments through Wero are also planned, so that we can finally become independent of Google/Apple Pay for contactless payments using a phone.

[1] EPI purchased the Dutch iDEAL and Belgian Payconiq and mentioned on multiple occasions that Wero is based on the foundations of iDEAL. They kept iDEAL running as a separate system in order not to disturb it during the upbringing of Wero, but iDeal is going to migrated to Wero the coming period.

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#54

Post by amelius »

amelius wrote: post #41

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.

It should also present "pay with your personal information" as a legitimate payment option, which would turn on ads (in case you want that). Otherwise ads should stay hidden and user tracking should not happen.

It's time the EU penalizes companies for pushing only AdTech as a payment option. This is unfair competition for the other payment processors.

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#55

Post by haagch »

anticrymactic wrote: post #25

Wero is such a valuable asset for Europe and couldn't have come at a better time. It's built on the excellent SEPA system, which standardized bank transfers and "Lastschrift" in Europe. SEPA itself got a huge upgrade last year with mandatory instant transfers that cannot cost more than standard transfers between European checking accounts. Both of those allowed Wero to happen as a final abstract top layer, meaning: t…

> No account necessary and no private american conglomerates can delete that account.

Officially you need a Google or Apple account to download a wero capable app from their stores, and Google and Apple can always delete all wero capable apps from their stores like for example with Russian sanctioned banks.

Some banking apps work on non - google play controlled android smartphones, but always only accidentally. Some banks like for example Consorbank already crack down on "sideloading" their app at all: https://www.reddit.com/r/Consorsbank/comments/1p909w1/commen...

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#56

Post by anticrymactic »

vrganj wrote: post #14
patrickmcnamara wrote: post #3

Earlier quoted context omitted.

I don't think the name is that bad. iDeal sounds very dated to me as a native English speaker.

How would you even pronounce wero as a native English speaker? We - ro? Wer-o? At least iDeal was unambiguous.

> How would you even pronounce wero as a native English speaker?

Thankfully, only about 2% of the EU population speaks English natively.

[0] https://webgate.ec.europa.eu/ebsm/api/public/deliverable/dow... Page 10

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#57

Post by CJefferson »

upcoming-sesame wrote: post #32
CJefferson wrote: post #13

This type of thing (scan QR code) is how basically all payments were done when I was recently in China, via wechat or alipay (either you show your QR code for big shops, or scan their QR code for small shops / vendors. They can just print them out if they want and hang a copy). I found it superior to other systems I've used in basically every way. Particularly for small market stalls -- I scan their QR code, I enter…

To me NFC is superior. It checks all the boxes you mentioned plus quicker / last steps

I'd much prefer NFC if I could see how much I was paying and had to always confirm it -- I understand this wouldn't have worked with physical cards but I wish it was an option on my phone.

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#58

Post by dgellow »

vrganj wrote: post #14
patrickmcnamara wrote: post #3

Earlier quoted context omitted.

I don't think the name is that bad. iDeal sounds very dated to me as a native English speaker.

How would you even pronounce wero as a native English speaker? We - ro? Wer-o? At least iDeal was unambiguous.

I mean, who cares how you pronounce it? Each country will have its own variant, similar to how euro is pronounced differently in different places, and eventually one will become the English status quo

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#59

Post by TulliusCicero »

thibaut_barrere wrote: post #21
TulliusCicero wrote: post #20

God 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.

I mean you could have a single protocol and then various different providers still competing, like email, or how even for Visa or Mastercard there's a bunch of different banks that partner up.

Re: Decathlon Germany adds Wero payment option to decathlon.de website

#60

Post by marginalien »

mkrecny wrote: post #34

I get that this is a good thing and long overdue - but the excitement here just underscores for me how expectations in Europe for Europe doing anything truly cutting edge are low.

I think EU citizens are excited mainly because of winning back their digital sovereignty, nobody said this would be cutting edge technology. Actually the simplicity of the solution is key (Wero is based on EU’s proven SEPA Instant Payment rails).

That being said, what I do not like about Wero is that some parts of the infrastructure is based on AWS and or Google cloud; hopefully they will switch to European clouds, soon.

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