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I guess you're not in Europe. Paypal is huge here, especially in Germany. Has been useful for years here for free instant transactions without currency conversi
by willsmith72 4y ago
I guess you're not in Europe. Paypal is huge here, especially in Germany. Has been useful for years here for free instant transactions without currency conversion fees (at least between some euro currencies)
- Test0129 4y agoInteresting. I'd imagine here most of the apps people use for that (Cash app, Zelle, etc) are just frontends for Paypal.
- pie_flavor 4y agoZelle is a direct bank transfer system.
- acchow 4y agoThey are not. Cash was built using unlinked refunds over visa to do direct deposit onto visa debit cards. For ACH, it uses normal ACH rails. Zelle…was built by the big banks…
- formerly_proven 4y ago> Cash was built using unlinked refunds over visa to do direct deposit onto visa That sorta sounds like violating visa tos?
- acchow 4y agoNah, they just used a hack before working directly with visa to create a standard for this
- kodah 4y agoZelle is absolutely bad, imo. It's like an incomplete Paypal but with a $3.5k transaction limit.
- ThePowerOfFuet 4y agoSEPA payments and TransferWise are a complete replacement.
- thirdsun 4y agoPaypal got popular because it allowed people to pay for things instantly online. SEPA Überweisung didn't really solve that problem and credit cards used to be rather uncommon - even today many germans don't have one. P2P payments between friends came later and wer just another thing Paypal could handle but at that point it was already very popular.
- ThePowerOfFuet 4y agoThat doesn't negate or contradict my point. >even today many germans don't have one Thankfully debit cards are a thing!