> for online, SEPA Instant Transfer works out just fine How? There is zero way to get back your money in case of problems as a payer! > dispute/chargeback has

> for online, SEPA Instant Transfer works out just fine How? There is zero way to get back your money in case of problems as a payer! > dispute/chargeback has been a thing in SEPA Direct Debit and SEPA transfers from the start. Absolutely not for outbound transfers. You can chase a non-delivering merchant in court, but that's about it. For direct debit, the merchant has the equivalent problem – the payer can claw their money back without any justification ("I feel like spending it elsewhere" is a valid reason!) or recourse. > Only thing is quite a few banks don't support it because their core IT is decades old. It has absolutely nothing to do with "banks not supporting it because of old IT". There just is no incentive for them to play the role of arbiter between a payer and a payee at all! Consequently, there is no framework for it. SEPA (I)CT and DD are very efficient solutions for online payments only when payer and payee already extend significant trust in at least one direction. If there's mutual distrust, they are a terrible fit, and there's a reason people prefer cards or other schemes (sometimes layered on top of SEPA) providing dispute resolution.