Cool, more possibilities to pay for that cheap plastic from China they sell.
Decathlon Germany adds Wero payment option to decathlon.de website
201–210 of 242 posts
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#202Earlier quoted context omitted.
This applies more to the USA than to Europe, where "credit cards" are in fact mostly debit cards (cursory research says 71% vs 26% in America), and ordinary people tend not to be up to their necks in consumer debt. Anecdotally, I've never used an actual credit card in my life.
Data from the IMF says European households hold a similar level of debt if not more (especially the case in northern Europe): https://en.wikipedia.org/wiki/List_of_countries_by_household... The US used to be an outlier in this regard if you look back to 2000, but over the past 25+ years American households have stayed pretty much the same while their European counterparts have grown debt substantially.
It is almost entirely mortgage debt backed by the collateral of housing.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#203Earlier quoted context omitted.
It's up to your bank actually. Banks (generally) don't want to pay for your hardware key so you need to do a special dance to trigger their compliance bound neural pathways to send you one. But then the true bliss will arrive the next year with eidas 3.0 or whatever it is called
I have German bank accounts at two different banks and can send SEPA SCT instant transactions via webinterface and physical tan generator with both of them. Wero however is restricted to mobile apps regardless of what your tan generator is and in fact from what I heard, banks generally force you to switch to mobile app tan generators when opting into Wero. The GLS bank implies it's not up to them. Generally I feel li…
I'm not sure I understand the question actually. Will it work the same way for consumer as ideal does now? Yes, that the promise. Will the actual protocol and endpoints used be the same? I guess not, but also nothing drastic for integrators to worry about.
What I don't get is -- what will be added on top of what ideal already does.
>The GLS bank implies it's not up to them.
They probably can't make two systems within the bank talk to each other for whatever reason. One reason could be -- we are afraid to touch one side and the other is supplied by a vendor. Or politics, or just a plain skill issue. I'm not them and can't possibly know, but my employer was named in comments already, so I feel like I can extrapolate a bit
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#204Decathlon 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've seen that in Germany as well. I was surprised that automatically recognized everything after throwing it in the bin. I knew such systems existed, I didn't think we had any in actual production use here. They seem to trust the system well enough, it didn't even explicitly ask me to confirm if everything was recognized.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#205Earlier quoted context omitted.
Data from the IMF says European households hold a similar level of debt if not more (especially the case in northern Europe): https://en.wikipedia.org/wiki/List_of_countries_by_household... The US used to be an outlier in this regard if you look back to 2000, but over the past 25+ years American households have stayed pretty much the same while their European counterparts have grown debt substantially.
It is almost entirely mortgage debt backed by the collateral of housing.
Not the most productive asset to be leveraging, especially in rapidly declining birth rate countries, no?
Meanwhile, while headline credit card interest rates in the US look insane (like 20%+), in reality loss-adjusted yield actually realized by lenders and paid by consumers (after renegotiated settlements, bankruptcies, payment plans, etc) is less than half that.
You can look at the realized return on personal credit lending on companies balance sheets, its basically like 3.7%. Maybe a few percent more return than what a 30 year mortgage lender can expect going forward (now that we're returning to post-GFC 'normalized' interest rates).
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#206Decathlon 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…
It's a great store. It's similar to Ikea in that you can go in without doing any research or shopping around and be reasonably sure that whatever you buy from one of their own brands, at any price point, is better quality than the same price point somewhere else. For camping stuff especially, the value is very good. The higher end might be missing but that's almost a feature for the average person to go in and choose from a good or pretty good option.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#207Why do Germans corrupt their own language with that weird pig-German? On the German Wero site[1], the copy not only uses utterly gratuitous and even made up fake English words where there are perfectly adequate German words, e.g., "senden", hero, support, business, etc.; but the worst part is that they mess up or maybe can't even realize anymore that the German word for hero in "Der absolute Hero für dein Geld!" coul…
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Re: Decathlon Germany adds Wero payment option to decathlon.de website
#208Earlier quoted context omitted.
My bank (BOFIIE2D) now gives me the option of instant or standard payments. Both cost the same. And in both cases the money leaves my account instantly. I can just choose whether it arrives at the recipient instantly or after a few days. I have no idea why standard is still an option. Why would I want that?
Most likely answer is just that BOE doesn’t have a strong product design culture. But there is another reason why some may prefer standard: due to the instant payment rules banks are not able to hold inbound payments for screening so if a payment trips a flip that requires screening then it will be rejected. Other payment rails will typically result in the payment being held for a manual review where it will be relea…
That makes sense, then. It is actually a useful feature (especially when you're not sure on the spelling of someone's name, etc.).
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#209Wero 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.
As always with standards EPC QR is not only one in europe. In Czechia for example the QR codes are extremely popular but since they were introduced before EPC QR they are in SPAYD format. I think they became popular because instant payments between czech banks were introduced sooner than in the SEPA network.
Maybe that's why they were separate formats BUT afaik even SPAYD uses IBAN account numbers. So I have no idea why there are both of these, they are just syntax. The main difference being that SPAYD is key:value pair separated by * and EPC is fixed position, line delimited. I personally think SPAYD is more human readable and extensible BUT i guess less efficient. Not that it would matter i would prefer the one that's universal.
Re: Decathlon Germany adds Wero payment option to decathlon.de website
#210Earlier quoted context omitted.
AfAIK wero needs Google Play Integrity. So you are still stuck with Google. When that are said. I 100% agree with you - one step at a time. I think Wero will no longer depend on that in 3–5 years. It's just real challenges that the European banking system needs to figure out. The EU works slow, but it does move :) Kind of like the Ents in LOTR
Well 2 weeks ago I have managed to send and received a wero transaction from my /e/Os without Google play. Someone is wrong here
Wow. Interesting. Do you know how that was done?
The latest I heard about an alternative to Google play services was https://www.heise.de/en/news/Paying-without-Google-New-conso...
If you where able to send and receive I was obviously wrong. I'm very glad but also confused.