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European here. Happily never been a customer of PayPal or used harmful stuff like Bitcoin (ponzi-system). “Here” was never a need for them. Why? The banking s

European here. Happily never been a customer of PayPal or used harmful stuff like Bitcoin (ponzi-system). “Here” was never a need for them. Why? The banking system in Europe relied for long time on federated and regulated wire-transfer/direct-debit. More than a decade ago SEPA made cross-country transfers easily. And the instant-transfers are great! Little to no fees for transfers itself. Downsides? Both should have been added much earlier! Especially instant-transfers. Most Europeans don’t value that. I’m always baffled by differences, especially using checks. And yes, we rely on cash because…you’ve seen PayPal? And fragile infrastructure.

altairprime 4y ago
The US direct transfer system is supposed to launch later this year. If it works out, it is going to absolutely crush PayPal, and Roundrect Cash or whatever they call themselves these days. I can’t wait.
- rootusrootus 4y ago
  FedNow is between banks, though, not an end-user service. Assuming it is as awesome as Zelle is, I don't think it'll crush my habit of using Venmo (which is a PayPal subsidiary).
  - altairprime 4y ago
    We’ll see, certainly. I remain hopeful.
seydor 4y ago
Maybe i should ask my users to pay for the $2 in-game purchases with wire transfer
PurpleRamen 4y ago
Even as a European, there are times when paypal is the only viable solution. Though, they have been become less and less over the years, but they still are there. For example, looking at Humble Bundle just now, there is no SEPA-Option. It's paypal, credit card, Klana or Alipay. And I trust Klana and Alipay even less than paypal.
- ho_schi 4y ago
  Klarna is an example of outsourcing, underpaid and unmotivated workforce. And it involves another party which doesn’t care. If something goes wrong during an order (too many items shipped by merchants mistake) you’ve an uncooperative party on the other side.

altairprime 4y ago

The US direct transfer system is supposed to launch later this year. If it works out, it is going to absolutely crush PayPal, and Roundrect Cash or whatever they call themselves these days. I can’t wait.

rootusrootus 4y ago
FedNow is between banks, though, not an end-user service. Assuming it is as awesome as Zelle is, I don't think it'll crush my habit of using Venmo (which is a PayPal subsidiary).
- altairprime 4y ago
  We’ll see, certainly. I remain hopeful.

seydor 4y ago

Maybe i should ask my users to pay for the $2 in-game purchases with wire transfer

PurpleRamen 4y ago

Even as a European, there are times when paypal is the only viable solution. Though, they have been become less and less over the years, but they still are there. For example, looking at Humble Bundle just now, there is no SEPA-Option. It's paypal, credit card, Klana or Alipay. And I trust Klana and Alipay even less than paypal.

ho_schi 4y ago
Klarna is an example of outsourcing, underpaid and unmotivated workforce. And it involves another party which doesn’t care. If something goes wrong during an order (too many items shipped by merchants mistake) you’ve an uncooperative party on the other side.