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What are the alternatives in Europe that make Paypal not needed? Genuinely curious, not saying you're wrong by any means.
by ladybro 10y ago
What are the alternatives in Europe that make Paypal not needed? Genuinely curious, not saying you're wrong by any means.
- nraynaud 10y agoany bank that accepts visa/mastercard ?
- beobab 10y agoBarclays and Natwest in the UK will allow you to send money to anyone with an email address. Can't speak for other banks, though. But all banks will transfer money if you have a recipient account number and sort code.
- rethab 10y agoSee, the point is that you're saying 'in the UK'. We've been struggling to find a payment solution that works globally and sadly PayPal is the best we have found that covers a lot of countries.
- dagw 10y agoBarclays and Natwest in the UK will allow you to send money to anyone with an email address. Anyone? Anyone in the UK? Or anyone in the UK with a Barclays or Natwest account? Paypal is still probably the quickest and easiest way to send money to 'anyone' in the world.
- beobab 10y agoBarclays: Anyone in their 30 country list (PingIt is the app)
- dagw 10y agoAccording to the PingIt website you can only send money internationally if you know the recipients IBAN number and transfers takes up to two working days. So it sounds like it is just an app front end to bog standard old school international bank transfers.
- ionised 10y agoPayPal just seems like extra steps if your bank lets you do a straight transfer.
- dagw 10y agoInternational bank transfers (at least to/from outside of Europe) are a massive pain, can take many days to clear and often cost quite a bit more than what PayPal charges.
- phillc73 10y agoAnd it's quick. I can send money between two different UK bank accounts, using sort code and account number, and it appears in the recipient's account within about half an hour. In Europe (Germany and Austria from my experience), many online services specifically support bank transfers using an IBAN number. It does seem to take a little longer though for the money to process.
- geomark 10y agoI live in a developing country (some call it third world) and we've had this capability for many years. I can pay from my computer, mobile, or at an ATM. How is the US so far behind the rest of the developed and developing world?
- celticninja 10y agoThey only just got chip and pin cards, while everyone else is moving to contactless payments.
- vidarh 10y agoA lot of US banks have actually opted for chip and signature instead of chip and pin...
- celticninja 10y agoWhich is almost pointless, I never had a signature checked against a card when they were widely used here. A PIN is always checked.
- lentil_soup 10y agoGermany is pretty bad in banks to be honest. Transfers can take a whole day even between my own accounts and no way of seeing any movements during the weekend, incredibly old school.
- gambiting 10y agoI've just done a bank transfer from Poland to UK and the money was in my Barclays account in 15 minutes. Just a couple years ago it used to take 3-4 days but now it's as quick as sending money locally.
- mschuster91 10y agoGermany: SEPA direct debit, sofortueberweisung.de, giropay, and if you're willing to put up with PCI compliance bullshit, credit cards. All three are vastly cheaper than PP, too.
- icebraining 10y agoI'd rather pay with Paypal than SEPA SDD, which ported the brain damaged idea of allowing anyone to pull money from your account with an IBAN by simply claiming they are authorized. We actually had to lose our DD system with its sane authorization process to implement this crap.
- pgeorgi 10y agoAnd still, credit card fraud seems to be a huge issue in the US, while Lastschriftbetrug is a relatively minor issue in Germany. (and both have a charge back procedure)
- lars_francke 10y agoIn Germany you now also have paydirekt.de which is a direct competitor to PayPal initiated by most major banks in Germany.
- ccozan 10y agoI am in Germany, didn't know about the paydirect.de. Has anyone tested them?
- JulienSchmidt 10y agoI use it whenever it is available. The process is seamless and as far as I remember I was redirected to my bank, to enter my data there. I never had to give my bank data to a 3rd party. PS: The proper domain is paydirekt.de
- thesimon 10y agoIt's pretty useless if you don't buy sugar, Haribo or BBQ stuff on a daily basis.
- gpvos 10y agoJust normal bank transfer. As long as you have the target bank account number, which is standardized across Europe now, you can pay anyone. Takes a few days though. There is a European rule that a cross-border transfer may not cost more than a national one, which means that in most countries, only business accounts pay (low) fees.
- snvzz 10y ago> Takes a few days though Typically 24h in the SEPA.
- thirdsun 10y agoStill too long - I never use it for online shopping.
- xioxox 10y agoThat's a bit optimistic. I've encountered 48hrs between my own accounts within Germany. I wish I still had the luxury of almost instant UK transfers.
- gpvos 10y agoIn the Netherlands, within the same bank it can be within an hour or so, but to other banks up to two days. Internationally from/to NL can still take a week in my experience.
- oarsinsync 10y agoNochex was UK only when I used them, but their website now indicates they take payments from European cards now too.
- raverbashing 10y agoYou want to pay someone they give you their IBAN and BIK numbers, and you can send them money using this (transfers are usually free or very cheap) No need for handwritten pieces of paper
- pantalaimon 10y agoYou still usually need a TAN that's either on a piece of paper at home or generated by a special device (and with Smartphones, I don't really trust mTAN), with PayPal you only need a password. So yes, it's less secure, but more convenient. Merchants also seem to prefer PayPal because it gives them an instant payment confirmation.
- raverbashing 10y agoYou're talking about Germany right? Was never asked for this in Ireland, though they use an electronic token (because paper is outdated) if the transaction is outside of Ireland
- foxylad 10y agoWe switched from PayPal because the service was so bad, with 1 in 4 card payments from a very reputable sector (schools) refused for no discernible reason. Mu inner cynic strongly suspects it was purely to drive more people to use a PayPal account. We tried two other card providers before we found Stripe, and my inner cynic has been silenced. I strongly recommend them.
- thirdsun 10y agoSure, Stripe is great - but we couldn't rely on credit cards alone, at least not here in Germany. The value of Paypal is the fact that it connects to your bank account and enables instant payments for people without credit cards, which aren't that common here in Germany. That's why we offer Stripe and Paypal in our store. Dropping Paypal would be insane as it is our most popular payment method, with Stripe coming in as a close second.
- pyrale 10y agoMy bank and Visa integrate 2-factor authentication. https://en.wikipedia.org/wiki/3-D_Secure https://en.wikipedia.org/wiki/3-D_Secure Every bank here does this.