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Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

lesnumeriques.com

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Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#611

Post by throwway120385 »

rozap wrote: post #337
sschueller wrote: post #149

Earlier quoted context omitted.

I trust my government (Switzerland) way more to do the thing that is right for the people and the law then some private company that has the primary goal of making money. It doesn't mean that governments don't make mistakes but the primary goal is to serve its people. That is what government is for in a functioning democracy. A functioning government is of the people for the people.

[flagged]

If I had the Swiss government instead of the US Federal Government I'd trust it a lot more too.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#613

Post by 7tflutter7 »

sschueller wrote: post #149
philipallstar wrote: post #87

Earlier quoted context omitted.

That sounds a little authoritarian for many Western countries, I imagine.

I trust my government (Switzerland) way more to do the thing that is right for the people and the law then some private company that has the primary goal of making money. It doesn't mean that governments don't make mistakes but the primary goal is to serve its people. That is what government is for in a functioning democracy. A functioning government is of the people for the people.

Trust Switzerland? Protonmail is literally fleeing Switzerland. You now have to upload Government ID to use any online service with more than 5k users!! They are also now requiring backdoors (Article 50a). Literally the end of privacy!

It's honestly depressing no one talks about this, or even knows about this.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#614

Post by Fokamul »

Yeah, thanks no thanks.

Wero is owned by the banks from worst EU countries - Belgium, France, Germany, Netherlands.

In my country, we call them New Middle East.

Yeah, no way I would support this in my business.

They will ban you for things they don't "like" in their countries.

Like free speech, gun manufacturing and exporting to Ukraine.

Being anti illegal immigrants etc.

(legal immigrants are great, like Ukranians, Belarusians, even Russians if they burn their passport, haha)

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#615

Post by F3nd0 »

cfontes wrote: post #60
mcv wrote: post #43

Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…

PIX from Brazil is even better, to be honest. But this is a big improvement over online CC payment. I lived in the NL and Brazil, so I can compare the two, and while iDEAL is pretty good, PIX is easier to understand, explain, and deal with. PIX has more variants, you can use it for recurrent payment, split payments, financing, cashout and almost all things a CC can do nowadays. I would say Tikkie is almost as good an…

For day-to-day payments, GNU Taler seems like the best option by far, since it protects the customers’ anonymity. (It’s essentially like digital cash.) Unfortunately, only very few banks support it at the moment.

https://www.taler.net/en/

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#616

Post by array_key_first »

_DeadFred_ wrote: post #393
rozap wrote: post #337

Earlier quoted context omitted.

[flagged]

Dang has stated these sorts of comments do not belong on HN news. Discussion of specifics are fine, but nationalist slurs are not. https://news.ycombinator.com/item?id=48100358 Edit: wow, my bad. HN really loves low effort nationalistic slurs as entire comments now.

What's the slur here? American? Mind?

I'm American, and I wasn't offended. Because it's true, we actually can't comprehend this because we are the poster child of government via huge corporations. We literally don't know what it's like to have a functioning and trustworthy government handling these things, it's completely foreign to us.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#617

Post by tims33 »

vanviegen wrote: post #396
tims33 wrote: post #273

Earlier quoted context omitted.

iDeal is terrible for fraud. Consumers have to file a police report.

Indeed, it's terrible for fraud, as fraudsters are more likely to land behind bars.

Sure, but nowhere near as easy as filling a dispute on most other payment networks.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#618

Post by BadBadJellyBean »

trashb wrote: post #450
BadBadJellyBean wrote: post #296

Earlier quoted context omitted.

> What functionality are you looking for exactly? * Buyer protection * Obfuscation of my banking data (IBAN) * Having access to it with my bank * Not needing to share my contact list At the moment I don't see much improvement over an instant SEPA transaction. Since both parties will see each other's IBAN anyways with Wero I can just give out my IBAN.

> Buyer protection Wero does introduce some sort of chargebacks and disputes, buy from reputable sellers and otherwise you are still free to use paypal for additional protection (but don't send money as "Friends & Family"). > Obfuscation of my banking data (IBAN) IBAN is public facing and it is not a problem to share. It is the identifier of your account therefore required to make transfers. Money can't be charged wi…

> Your bank is the one that is providing the access to the Wero service, it will pull from or deposit into your bank account.

I mean my bank is not available in Wero. And A lot of other banks are the same. PayPal or Klarna just works.

> IBAN is public facing and it is not a problem to share. It is the identifier of your account therefore required to make transfers. Money can't be charged with your IBAN. With paypal you share your e-mail.

I know but a lot of people don't see it that way. Not me. But I know they are.

> Not needing to share my contact list

AFAIK you need to sync your contacts to them to send a person money. I am not sure though because I don't have access.

Please don't misunderstand me. I want something like Wero in Europe. I just hope that it's not the wrong thing and people will be disappointed and less likely to try something new.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#619

Post by surgical_fire »

ekianjo wrote: post #573
surgical_fire wrote: post #276

Earlier quoted context omitted.

I certainly trust the EU a lot more than I trust US corporations.

Do they deserve your trust?

The government? Either the national government or the EU get legitimacy by being democratic instructions. That doesn't mean they get blind faith, it is healthy to scrutinize their actions.

US corporations on the other hand get only my contempt and scorn.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#620

Post by lxgr »

clickety_clack wrote: post #510
eastbayjake wrote: post #496

Earlier quoted context omitted.

When using a government website, you were intimidated by the security posture of... Plaid? (Genuine question, maybe this was some other provider but Plaid's aggregator tool is the most common place I see this pop up in real life for ACH)

I personally have _no idea_ what the security posture of plaid is. I know they're a startup and made a bit of noise a few years ago, but if I was trying to buy something and a third party app popped up saying, "hey give me total access to withdraw directly from your bank account for a sec", why on earth would I say yes to that? It also seems to go against common security advice. "Never log into your back account if r…

Nowadays Plaid uses OAuth for many banks, but the real problem is and always has been that they get full access to your transaction data and pass it on to their users.
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