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If only the US had something as convenient and normal as SEPA Push, which recently-ish got extended with SEPA Instant (takes ~10 seconds for the payment to go t
by namibj 4y ago
If only the US had something as convenient and normal as SEPA Push, which recently-ish got extended with SEPA Instant (takes ~10 seconds for the payment to go through/finalize; charge backs are not a thing (unless the bank messed up)).
And even normal SEPA Push doesn't have money-claw-back, the charge back process for that after the money has reached the recipient (usually next bank day) starts with asking for the money back and escalates into a lawsuit if the recipient doesn't give in.
- Xylakant 4y agoThe problem with sepa push is that now the buyer needs to transfer the money explicitly, either before or after the purchase. Either the buyer needs to trust the merchant or the other way around - and on top you can’t make the financial transaction happen when the goods are shipped.
- Tijdreiziger 4y ago> Either the buyer needs to trust the merchant or the other way around - and on top you can’t make the financial transaction happen when the goods are shipped. That’s exactly how iDEAL works, which handles 65% of e-commerce volume in the Netherlands (vs. 13% credit cards). https://www.thuiswinkel.org/media/w1uapsyz/infographic_thuiswinkel_markt_monitor_2021_q3_en.pdf https://www.thuiswinkel.org/media/w1uapsyz/infographic_thuis...