The problems with Wero is that it needs a linked phone number and nobody can answer what happens if you link two bank accounts from different banks to the same phone number (is this even supported? Why do I NEED to link my phone number?). Also, every bank needs to manually support Wero and when you want to pay online you need to scan a QR code with your phone (yes even on your desktop) and approve it inside your banking app which makes it way slower than just using PayPal or Google/Apple Pay. It's astounding how EU bureaucrats came up with "PayPal but worse" over 25 years after PayPal was founded.
Wero – Digital payment wallet, made in Europe
31–40 of 141 posts
Re: Wero – Digital payment wallet, made in Europe
#32From what I've gathered, they've decided to make this completely unusable without a Google- or Apple-approved smartphone. Horrible! Are individual banks even allowed to make that an option for clients? Though even if they are, I doubt any will. I would LOVE a PayPal alternative, but this is just not it. -- From https://support.wero-wallet.eu/hc/en-us/articles/25599074240... : > It is not possible to use Wero via a we…
That link is broken for me. I would like clarity if they support AOSP devices. That would be a meaningful departure from the status quo.
This one works for me https://support.wero-wallet.eu/hc/en-us/articles/25599074240...
Re: Wero – Digital payment wallet, made in Europe
#33I wish you the best of luck! Let me know when it works in all the countries where VISA is available so I can switch to this solution!
Re: Wero – Digital payment wallet, made in Europe
#34Speaking of payment methods, anyone else noticed that Pcbway stopped accepting credit cards? What is going on?
Re: Wero – Digital payment wallet, made in Europe
#35From what I've gathered, they've decided to make this completely unusable without a Google- or Apple-approved smartphone. Horrible! Are individual banks even allowed to make that an option for clients? Though even if they are, I doubt any will. I would LOVE a PayPal alternative, but this is just not it. -- From https://support.wero-wallet.eu/hc/en-us/articles/25599074240... : > It is not possible to use Wero via a we…
This is a regulatory thing, devices used for instant payments should be somehow attested and be authenticated (or be a physical device the bank issued e.g your card).
It’s a difficult thing, we don’t want to have to force smartphone choices but the number of users without one these devices is so vanishingly small it’s very difficult to change the legislation in order to support them too.
I think the happy middle ground is making this system also work with bank issued cards.
Re: Wero – Digital payment wallet, made in Europe
#36From what I've gathered, they've decided to make this completely unusable without a Google- or Apple-approved smartphone. Horrible! Are individual banks even allowed to make that an option for clients? Though even if they are, I doubt any will. I would LOVE a PayPal alternative, but this is just not it. -- From https://support.wero-wallet.eu/hc/en-us/articles/25599074240... : > It is not possible to use Wero via a we…
Your link is broken for me.
From https://support.wero-wallet.eu/hc/en-us/articles/25599098295... it seems they don't even support phones with developer settings turned on, much less custom ROMs, rooted or jaibroken phones.
Re: Wero – Digital payment wallet, made in Europe
#37The problems with Wero is that it needs a linked phone number and nobody can answer what happens if you link two bank accounts from different banks to the same phone number (is this even supported? Why do I NEED to link my phone number?). Also, every bank needs to manually support Wero and when you want to pay online you need to scan a QR code with your phone (yes even on your desktop) and approve it inside your bank…
phone number was a poor choice, agreed. Identifier should just be some guid attached to your bank account of choice and you get one for every device / card.
I don’t imagine that’s so very hard to implement later though.
Re: Wero – Digital payment wallet, made in Europe
#38Can anyone explain me exactly why it is a suitable alternative to VISA and Mastercard (and why people were waiting for it). I am trying to understand the full picture here, so multiple things come to my mind. First, SEPA instant payments already exist and are really instant up to a certain amount, and I am guessing that Wero builds on top of that a sort of identity layer, to sidestep the whole IBAN thing. But it is l…
Industry observer Dwayne Gefferie took a stab at it (although I'm still highly skeptical):
https://dwaynegefferie.substack.com/p/epi-european-payments-...
Re: Wero – Digital payment wallet, made in Europe
#39[deleted]
Re: Wero – Digital payment wallet, made in Europe
#40The problems with Wero is that it needs a linked phone number and nobody can answer what happens if you link two bank accounts from different banks to the same phone number (is this even supported? Why do I NEED to link my phone number?). Also, every bank needs to manually support Wero and when you want to pay online you need to scan a QR code with your phone (yes even on your desktop) and approve it inside your bank…
EU bureaucrats have nothing to do with this. They are pushing the Digital Euro instead.
Wero is an initiative from a group of European banks united in EPI (European Payment Initiative). The tech is partially based on the Dutch iDEAL (which EPI acquired a few years ago).
iDEAL has been around in The Netherlands for 20 years and is used for most Dutch online payments (also supported by Shopify and Stripe) and P2P payments through Tikkie/betaalverzoek. The whole system is really nice and smooth and definitely much nicer than PayPal in many ways. Almost no online stores use Paypal here because iDEAL works so well.
Given this history and the iDEAL people working there, I'm sure Wero will be fine after a few iterations.