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They just need to have smaller fees than Visa/Mastercard. Paying by SEPA direct debit in a store checkout situation seems insane. Even with instant payments it
by jojomodding 2mo ago
They just need to have smaller fees than Visa/Mastercard.
Paying by SEPA direct debit in a store checkout situation seems insane. Even with instant payments it can take 20 seconds which is too long. Add to that the fact that users need to log into their online banking and the unfair leveling of risk onto the consumer.
- dinkelberg 2mo agoSEPA guarantees the payment to arrive within 10 seconds. Same with Wero, because it uses SEPA. It doesn't work like the card companies that authorize payments before they are settled.