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On a global scale: Since PayPal and U.S.-based credit card companies are too strong. Outside the U.S. there are differences in payment system. Here in Germany
by johannes1234321 7y ago
On a global scale: Since PayPal and U.S.-based credit card companies are too strong.
Outside the U.S. there are differences in payment system. Here in Germany we have working wire transfers for most things working fine. However that system lacks online authorization ... only in 2015 German banks started their PayPal copy PayDirekt, which however fails to attract vendors and users, to a degree due to hen and egg issues and to some degree due to competition law issues (such a cooperation between banks might for a cartell, thus they've built a complicated structure)
Government can't really regulate this much, unless they want to rule prices completely.