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Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
by mertbio 2mo ago
Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
- solarkraft 2mo agoI have not tried Wero, but I have tried the german predecessor (paydirekt/giropay). It was ... not much less smooth than PayPal. But I’ve only ever seen a single vendor offering it. 0 for Wero so far.
- LelouBil 2mo agoI don't think vendors can offer Wero yet. I think it's part of the merger with other European companies.
- Semaphor 2mo agoThat is what keeps confusing me when people hype wero. It essentially (I think some limited trials?) doesn't exist for B2C, and sending money to friends is a very minor use case. So once it has really broad support and can be used as merchant, is when it'll maybe become interesting.
- LelouBil 2mo agoWell it's a nice thing to be able to send money across european countries only with a phone number even if it's only among consumers for now. But it's been confirmed they are merging with companies that are already B2C in their own countries to bring a european B2C system
- ahoef 2mo agoWero is essentially iDeal. iDeal is great.
- r1ch 2mo agoGreat for merchants, not so much for consumers. Once the merchant has your money it's very difficult to get it back if things go wrong.
- omnimus 2mo agoWhat is the alternative? I am not sure i can get my money back once they leave the card.
- hocuspocus 2mo agoWhich is pretty much the case with Visa and MC too. There's little card payment fraud in Europe thanks to mandated strong authentication, and very low transaction fees as interchange is capped by the EU; card issuers don't initiate chargebacks so easily.
- SkiFire13 2mo ago> There's little card payment fraud You're confusing fraud as in unauthorized payments with fraud as in you not receiving what you paid for. The latter is not prevented by 3DS in any way.
- hocuspocus 2mo agoNo I'm not. Ask anyone who tried to dispute a purchase that happened within the EEA, whether online with SCA or card present with PIN, card issuers often tell you to deal with the merchant directly. The interchange cap has significantly reduced revenue made on card payments, they have an incentive to avoid unnecessary manual work.
- whazor 2mo agoIt is not. Wero has charge back support and therefor higher fees. There is quite some interest in Pay by Bank via PSD2 APIs. This is much more similar to iDeal and can work for the entire EU.
- fallingbananna 2mo agoIn most countries, Wero is still in incubating stage. i.e., banks anouncing that in the next 3 years they will support it. Of course it's not widely used by vendors when it's still in development. I am hopeful that it will take off to some degree in the nearest 5 years though.
- juujian 2mo agoI don't know if popular is quite the right word. It certainly is widely used though...
- janpio 2mo agoI like your optimism.
- okanat 2mo agoPaying with Paypal is as easy as logging in. With Wero/iDeal you always need a phone or a code. People trust PayPal more too.
- edelbitter 2mo agoLogging into PayPal is easy except on one of those days when it is not.. and nothing can fix it other than waiting ~24h. With a proper bank account, strong authentication with some dongle or code generator means if I have it, I can depend on being able to pay. No regard for the number of bots currently pestering them. With PayPal trying to guess whether its me, maybe I can pay. Maybe I'll get a captcha loop. Maybe there will be a nondescript error message beginning with "Oops". Or maybe the error message will ask to call.. a rep that is not trained and/or authorized to do anything other than password resets. Which is not exactly a useful solution for account lockouts unrelated to the correctly entered, unique password.
- okanat 2mo agoI do have quite stringent non-tracking settings enabled in my browsers, and I do get occasional captcha or TOTP request.However, I never got completely denied a login with PayPal. Many banks are equally employing the same "guessing whether it is you" techniques with their web UIs. Moreover many of them require Google Play Integrity when a phone is the TOTP. Definitely different ergonomics though.
- SkiFire13 2mo agoLoggin into Paypal for me requires a 2FA code sent through either SMS or Whatsapp, both of which require a phone.
- account42 2mo agoPayPal supports TOTP which you can set up on whatever device you want.
- Sayrus 2mo agoWero has a for merchant/commerce part that integrates with PSPs. For instance Adyen: https://www.adyen.com/knowledge-hub/wero https://www.adyen.com/knowledge-hub/wero But we aren't there yet.
- selfmodruntime 2mo agoPayPal Germany is a different beast. Germans are the only country that majorly doesn't rely on Credit Cards when doing online payment.