| ▲ | jorisw 3 hours ago |
| I think the headline is misleading to the point of being childish. It describes a consolidation of _online_ payment systems that are currently quite fragmented in the EU. It does nothing about in-store payments. Direct debit cards (10x as popular as credit cards in the EU) are often still MC/Visa powered, and the fastest way to pay contactless (even if that is via Apple Pay). |
|
| ▲ | fooyc 3 hours ago | parent | next [-] |
| Online and in-store payments will follow in 2027, as per the article |
| |
| ▲ | jorisw 3 hours ago | parent [-] | | Understood. But even then it couldn't be easier than the contactless direct debit we already have. | | |
| ▲ | lentil_soup 3 hours ago | parent | next [-] | | will depend on how it's implemented, you could end up paying via a QR code, contact less NFC, a phone number, the web. I think it could open up a lot of innovation | |
| ▲ | grey-area 3 hours ago | parent | prev [-] | | It could be cheaper though and it also reduces the reliance on an untrustworthy former ally. | | |
| ▲ | ffritz 2 hours ago | parent [-] | | The payer couldn't care less about how much the store pays for the transaction. He or she just wants to tap with their phone, and the default here are Visa/MC cards. In addition to the transaction price not being an argument for the payer, Wero also afaik does not have as much consumer protection as (certainly some) credit cards offer. I also bet the average person doesn't understand or care about the whole political dispute either. Again, they just want to pay easily and safely. I don't think Wero can "win" this from just the merchants side. It's got to be better for the customer's side. | | |
| ▲ | grey-area 2 hours ago | parent [-] | | The merchant could offer a discount for using it. I agree this could be a difficult battle and we effectively need some alternative to existing card issuers if they are to be displaced. Current contactless payments are easy, secure and allow disputes etc. | | |
| ▲ | carlosjobim an hour ago | parent [-] | | "Hey buddy, I give you a tiny tiny discount if you pay without fraud protection..." I mean, some places do that. But for the consumer there is no advantage. It's probably fine at cafés, restaurants and such. But why would you as a consumer want it for any more important purchase? As you mention. |
|
|
|
|
|
|
| ▲ | tintor 3 hours ago | parent | prev [-] |
| “balkanized” is offensive term |
| |
| ▲ | jorisw 3 hours ago | parent [-] | | I wasn't aware. It's meant to refer to every country having a different solution for the same thing, which in the EU is much the case. That said I picked it up from Steve Jobs talking about cable networks in the US. | | |
| ▲ | TheRealPomax 3 hours ago | parent [-] | | That conveniently ignores the part where it refers to a fracturing where every part is hostile towards each other and unwilling to cooperate on anything. It's not a neutral term, it really is a rather offensive term for everyone from the Balkan today. | | |
|
|
