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If only the US could ever leave the 19th century and allow instant wire transfers... Oh, wait. They did already! https://www.federalreserve.gov/paymentsystems

• bee_rider 3y ago
  Huh, interesting. Did Faircamp implement some sort of payment system that works through FedNow? That’s pretty neat if so.
• dangus 3y ago
  There are a wide array of different payment preferences depending on the country. Bank transfer isn’t universally the most popular method of e-commerce transactions. For example, PayPal seems to be the most overwhelmingly popular online payment method in Germany. In the UK, PayPal and debit cards are the leaders. Debit cards are also generally popular globally (a debit card isn’t the same as a bank transfer). https://blog.2checkout.com/popular-online-payment-methods-globally-and-locally/ https://blog.2checkout.com/popular-online-payment-methods-gl... https://www.rapyd.net/blog/the-top-payment-methods-in-the-united-kingdom/ https://www.rapyd.net/blog/the-top-payment-methods-in-the-un... This speaks more toward someone like a musician needing a solution that has many payment options to appeal to a wide breadth of customers, not some kind of dig on US e-commerce and banking because “Europe does it better and the US is stuck in the 19th century.”
  • rglullis 3y ago
    Paypal is the most popular method in Europe because they operate as a bank here, and therefore customers can make wire transfers to each other.
    • deleted 3y ago
      [deleted]
• JohnFen 3y ago
  It technically exists, but I haven't actually seen it "in the wild" yet. My banks certainly aren't on board at this time. Maybe it will become something useful in the future, though.