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+1 for SEPA ICT. Once that's rolled out everywhere it is really going to challenge the established online payment systems in Europe. Last time I bought somethin
by blensor 8y ago
+1 for SEPA ICT. Once that's rolled out everywhere it is really going to challenge the established online payment systems in Europe. Last time I bought something in an Austrian online shop it offered me the "eps" option which redirected me to my own onlinebanking portal after logging in the payment had only to be confrirmed with a tan and the payment confirmation from the vendor was instant.
Basically the same flow as paying with paypal but completely through my own bank
- thesimon 8y ago>Once that's rolled out everywhere it is really going to challenge the established online payment systems in Europe Disagree. Most of the German banks that have just announced SEPA Instant are charging 0.50€-2€/transaction. No way the retailers will manage to convince the customers to pay that. I think PSD2 with the Bank Account API (think Klarna/SOFORT) is the bigger challenger.
- blensor 8y agoOh. I did not know that. I assumed that all SEPA transactions below 15000€ will be carried out as ICT if both banks support it. Well it seems they found a way to screw us over with another random fee