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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

#101

Post by microtonal »

retired wrote: post #44
thibaut_barrere wrote: post #21

Earlier quoted context omitted.

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.

Before iDEAL we had a similar mess with different banks and even a telco pushing their own payment system. It was basically the Dutch webshop foundation (thuiswinkel.org, basically the webshop lobby) that said: f*ck it banks, clean up your mess! And so it happened.

They even tried to extend it to other European countries in 2011: https://www.bnnvara.nl/kassa/artikelen/ideal-in-de-ban-van-m...

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

#102

Post by pta2002 »

altern8 wrote: post #92
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…

> instant transfers that cannot cost more than standard transfers Interesting, I didn't know that. Now, why would anyone want to do a non-instant transfer, then (short of not knowing about it like in my case)? Doesn't this mandate basically make all transfers instant?

A lot of banks won’t even give you the option of a non-instant transfer now, at least here in Portugal. Though non-instant transfers can in theory be recalled since there is some time before the money gets to the destination account, my bank even gives a warning now when doing a transfer to ensure I have the details right because they can not recall a transaction after the money arrives.

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

#103

Post by Muromec »

toomuchtodo wrote: post #85
haagch wrote: post #55

Earlier quoted context omitted.

> 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…

It’s fine to decouple from US payment and financial infra today and punt on decoupling from US big tech in the future. These changes take time and effort at scale, so it’s about being directionally accurate, not doing all the changes all at once. “You eat an elephant one bite at a time.” Europe is eating the financial infra bites right now. There are other bites to be taken over the next several years. Similar to Air…

I heard a loud and solid "fuck US" from the people forming the technical opinion on this matter.

The way selection function for the technical parties in this conversation is going makes it double the fun.

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

#104

Post by mi_lk »

microtonal wrote: post #83
edwinjm wrote: post #79

Earlier quoted context omitted.

What was the iDEAL payment option now says iDeal WERO. The Dutch are already using WERO for a couple of months now.

Not really. They just changed the logo to make people get used to the name. The next phase where they start migrating the iDEAL infra into Wero starts in October: https://www.betaalvereniging.nl/actueel/volgende-fase-migrat...

English version: https://www.betaalvereniging.nl/en/news/next-phase-of-ideal-...

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

#105

Post by anticrymactic »

altern8 wrote: post #92
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…

> instant transfers that cannot cost more than standard transfers Interesting, I didn't know that. Now, why would anyone want to do a non-instant transfer, then (short of not knowing about it like in my case)? Doesn't this mandate basically make all transfers instant?

My bank sets the default to "Standard (1-3 Days). Many forget to click the checkbox. I have also heard: "I only do instant when I need it" implying some implicit cost/limit they fear. This is probably still worth it for Banks. As not _all_ transfers are now the dreadful super expensive instant variety.

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

#106

Post by Muromec »

masklinn wrote: post #88
dinkelberg wrote: post #12

Wero shows that marketing is everything. It's just regular bank transactions with a much larger fee. We could have had EPC QR codes and similar completely free technologies instead.

> We could have had EPC QR codes and similar completely free technologies instead. Technically you can anyway, I used that a few months ago. Bank app support is the big impediment ( https://epc-qr.eu/bankreviews/ )

We don't support shit until the regular strongly suggests we do and then it takes about three years to do pretty much nothing, but perfectly on time (not on time actually, ts' a lie)

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

#107

Post by microtonal »

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.

The precursor to this system (iDEAL) has been running in The Netherlands for 21 years. Pretty much all transactions of Dutch webshops and even a lot of foreign webshops (thanks to Stripe support) by Dutch buyers go through iDEAL, as well as most digital P2P payments in Europe.

Many other EU countries have had similar systems for years, but Wero is standardizing it between a bunch of countries.

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

#108

Post by Muromec »

retired wrote: post #44
thibaut_barrere wrote: post #21

Earlier quoted context omitted.

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.

Ideal is great. The missing part of the free market is that the other part of it (consumers) expecting you to not be an asshole.

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

#109

Post by imjonse »

sireat wrote: post #68

Decathlon is pretty neat and technologically advanced actually, so not surprising news for them to adopt Wero. In eastern European stores they use RFID for every product, so you just throw stuff in a bin without scanning and can self check faster than usual self scan. Well I have not tried throwing in a bike in a bin or a dumbbell, but I presume it works for 99% of stuff. Curious what they pay for RFID, last I checke…

I thought it was image recognition but RFID makes more sense. However just last week I accidentally 'hacked' it by having two small identical products thrown in the bin and their cardboard boxes fell right next to each other, so the system saw only one. I had to manually move them apart to have both appear on the bill (that is why I suspected image recognition, RFID should be two separate IDs no?)

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

#110

Post by amarcheschi »

altern8 wrote: post #92
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…

> instant transfers that cannot cost more than standard transfers Interesting, I didn't know that. Now, why would anyone want to do a non-instant transfer, then (short of not knowing about it like in my case)? Doesn't this mandate basically make all transfers instant?

You have 1 hour to recall and cancel a transfer, but an instant transfer is non cancellable
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