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Most places do have alternatives payment methods which don't depend on visa or mastercard, though they are usually country-specific. We need an international p

Most places do have alternatives payment methods which don't depend on visa or mastercard, though they are usually country-specific. We need an international protocol for sending payments via your own bank's app.

the8472 6y ago
That already exists in europe through the SEPA, using standardized bank account numbers (IBAN).
- akvadrako 6y ago
  SEPA is not what I’m talking about - there is no way for a store to have a “buy with SEPA” button at checkout which doesn’t require manually entering account numbers.
  - the8472 6y ago
    With a credit card you enter your own credit card number in the shop's site. With sepa direct debit you enter your account number in the shop's site. With instant transfer you enter someone else's account number in your banking app. The modality differences are minor, all of them are payment methods. Perhaps not the payment method you prefer, but still an alternative.
    - akvadrako 6y ago
      I have never seen a website offer SEPA direct debit and for good reason - that would be ripe for fraud; they can usually be reversed. For manual transfers, not only would you need their account number, but you would need the amount and transaction code and to manually enter those in your bank's app. Then, you have to manually return to the store's website to see if it succeeded. So no, the differences are not minor.
      - the8472 6y ago
        > I have never seen a website offer SEPA direct debit and for good reason - that would be ripe for fraud; they can usually be reversed. I have seen plenty of those. Including amazon. > For manual transfers, not only would you need their account number, but you would need the amount and transaction code and to manually enter those in your bank's app. Then, you have to manually return to the store's website to see if it succeeded. That is a minor difference in my book. Fundamentally it's still a payment method and online. And it's not like credit cards are frictionless either, their verification has become more complex over the years too, redirecting you through various steps and requiring additional authentication.

the8472 6y ago

That already exists in europe through the SEPA, using standardized bank account numbers (IBAN).

akvadrako 6y ago
SEPA is not what I’m talking about - there is no way for a store to have a “buy with SEPA” button at checkout which doesn’t require manually entering account numbers.
- the8472 6y ago
  With a credit card you enter your own credit card number in the shop's site. With sepa direct debit you enter your account number in the shop's site. With instant transfer you enter someone else's account number in your banking app. The modality differences are minor, all of them are payment methods. Perhaps not the payment method you prefer, but still an alternative.
  - akvadrako 6y ago
    I have never seen a website offer SEPA direct debit and for good reason - that would be ripe for fraud; they can usually be reversed. For manual transfers, not only would you need their account number, but you would need the amount and transaction code and to manually enter those in your bank's app. Then, you have to manually return to the store's website to see if it succeeded. So no, the differences are not minor.
    - the8472 6y ago
      > I have never seen a website offer SEPA direct debit and for good reason - that would be ripe for fraud; they can usually be reversed. I have seen plenty of those. Including amazon. > For manual transfers, not only would you need their account number, but you would need the amount and transaction code and to manually enter those in your bank's app. Then, you have to manually return to the store's website to see if it succeeded. That is a minor difference in my book. Fundamentally it's still a payment method and online. And it's not like credit cards are frictionless either, their verification has become more complex over the years too, redirecting you through various steps and requiring additional authentication.