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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

#91

Post by microtonal »

haagch wrote: post #64
microtonal wrote: post #52

Earlier quoted context omitted.

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…

It's not the same system. iDEAL supports banks to implement payment in their online banking websites, while Wero is Google/Apple ecosystem exclusive.

iDEAL supports banks to implement payment in their online banking websites

So does Wero, as I cited in another comment:

The Wero app is available only for account holders from the German bank Postbank and the French bank La Banque Postale.

Are you a customer of another Wero-enabled bank? If so, you can easily use Wero within your banking app.

https://play.google.com/store/apps/details?id=eu.epicompany....

It's not the same system.

I said that it is based on the iDEAL system:

Wero is built on the foundation of iDEAL, backed by 16 major European banks – including the Dutch banks behind iDEAL.

https://ideal.nl/en/naar-wero

The European Payments Initiative (EPI) acquired the Dutch payment system iDEAL with the aim of making it the standard payment solution across all European countries. [...] The first step is to make iDEAL the standard in France and Germany because the countries don’t yet have a standard payment system for e-commerce, according to AD. Customers in the Netherlands will notice little of this.

https://nltimes.nl/2023/04/25/dutch-payment-processor-ideal-... / https://www.ad.nl/economie/online-betalingssysteem-ideal-wor...

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

#92

Post by altern8 »

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?

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

#93

Post by microtonal »

sebtron wrote: post #87
microtonal wrote: post #66

Earlier quoted context omitted.

If Wero is going to be similar to iDEAL, which it is based on, the payment flow will be through your bank's app. Heck, even the Wero app description says so: The Wero app is available only for account holders from the German bank Postbank and the French bank La Banque Postale. Are you a customer of another Wero-enabled bank? If so, you can easily use Wero within your banking app. https://play.google.com/store/apps/de…

I can pay with iDEAL without interacting with a smartphone, using only my laptop and a physical 2FA device provided by my bank. Do you know if this will be possible with Wero?

I am not 100% sure, but I think PSD3 will require that authentication methods without a smartphone are provided:

https://ec.europa.eu/commission/presscorner/detail/fr/qanda_...

Require payment services providers to ensure that all users can benefit from methods to perform SCA which are adapted to their needs and situations and, in particular, that those methods do not depend on one single technology, device or mechanism, for instance on the possession of a smartphone.

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

#94

Post by ekjhgkejhgk »

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…

> the UX of sending money to an email address

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

Who owns domain names (which emails require)? No, don't say people do, people don't own domain names, they lease them, and it's not a right either.

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

#95

Post by dgellow »

edwinjm wrote: post #86
dgellow wrote: post #49

Earlier quoted context omitted.

It’s not about the Netherlands, that’s what you seem to be misunderstanding

The article is about Europe and the last time I checked, the Netherlands is in Europe.

> Decathlon Germany adds Wero payment option to decathlon.de website

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

#96

Post by microtonal »

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…

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.

Yep, same here in West Europe.

Well I have not tried throwing in a bike

Haha, that would make a great Youtube skit.

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

#97

Post by Muromec »

edwinjm wrote: post #79
microtonal wrote: post #52

Earlier quoted context omitted.

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…

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

We don't, it's the same ideal 2.0 with a different logo. Literally nothing changed and I saw the exact commits too.

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

#98

Post by microtonal »

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.

The first time I read "US store X supports Apple Pay or Google Pay now" I was really confused. I didn't know that was a thing. Here (NL) contactless payments works with every debit card, physical or stored Apple Google/Pay, in every store. There is no difference between payment providers, everyone offers contactless payments and it works with every bank.

(The only exception are credit cards, but they are not used a lot, mostly for online purchases outside The Netherlands or when renting a car abroad.)

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

#99

Post by pimterry »

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?

They are allowed to set caps, I've seen them down to around €5000 per transaction so it's not literally all transfers. Still free to transfer above, just takes more than a few seconds to do so, presumably for fraud/theft protection. Some banks will make that a daily limit, or configurable, there's some flexibility but they're mandated to justify all limits with no arbitrary discrimination against instant transfers.

In practice, obviously most personal payments are well under that margin, so within-EU bank transfers are defacto instant everywhere. Most banking apps I've seen don't even show an 'instant/slow' option any more, it's just all instant.

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

#100

Post by Muromec »

sebtron wrote: post #87
microtonal wrote: post #66

Earlier quoted context omitted.

If Wero is going to be similar to iDEAL, which it is based on, the payment flow will be through your bank's app. Heck, even the Wero app description says so: The Wero app is available only for account holders from the German bank Postbank and the French bank La Banque Postale. Are you a customer of another Wero-enabled bank? If so, you can easily use Wero within your banking app. https://play.google.com/store/apps/de…

I can pay with iDEAL without interacting with a smartphone, using only my laptop and a physical 2FA device provided by my bank. Do you know if this will be possible with Wero?

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

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