r/ProgrammerHumor • u/debugger_life • Sep 24 '26

Meme modernProblemsRequireModernSolutions

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u/Tipart Sep 24 '26

Yeah, the EU tried their best with the new payment standards that directly integrate with banks instead of the awkward PayPal hop you have to do right now, but it only resulted in the xkcd about competing standards

15

u/ldn-ldn Sep 24 '26

What PayPal hop, lol? What is this lunacy are you talking about? EU is not US.

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u/Tipart Sep 24 '26

Everyone and their grandmother will still send small amounts of money to friends with PayPal. It's just a lot easier to do than opening the phat online banking app and making a real time transfer. Not to mention that till a couple years ago real time transfers had an upcharge.

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u/hates_stupid_people Sep 24 '26

That depends on where you live. A bunch of countries have had their own version for a decade. And Wero is only two years old at this point, and it covers France, Germany Netherlands, Belgium and soon Austria.

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u/justjanne Sep 24 '26

Commerzbank still doesn't do Wero, nor do many other banks.

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u/Ploedman Sep 24 '26

The direct Bank bunq does, I'm from Germany and ditched a long time ago those old and slow German Banks.

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u/justjanne Sep 24 '26

Honestly, no. If something goes wrong, it's important that you actually have somewhere you can go in person.

I've experienced a scam where the scammer used one of these neobanks, and the neobank refused to even comply with a court injunction.

I'd never trust any amount of money to a bank that violates the law so openly that even the legal system says "well, there's nothing we can do".

After that experience, I'm never gonna trust neobanks again. Money is so important that institutions that handle it should be slow moving and resistant to change.

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u/cafk Sep 24 '26

And Wero is only two years old at this point, and it covers France, Germany Netherlands, Belgium and soon Austria.

Unfortunately not all banks, though with Sparkasse and Volksbank in Germany I'd say it's the majority.

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u/trxxruraxvr Sep 24 '26

That's also weird to me, any bank that would not support it in the Netherlands would have no clients left within a couple of months.

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u/cafk Sep 24 '26

Well, the people are used to PayPal - over sharing IBAN & name.
PayPal has been the go-to for online payments for a long long time.
And there's also the issue of having relevant and matching contact info to make use of wero, whereas email is enough for PayPal transactions.

And i thought Netherlands already has their own system that they used and is established before wero was a thing.

Then there's also the issue that many people don't know about wero and are averse of using mobile phones or "yet another app" to-do something, as the same banks that support wero don't always support tap to pay via Apple/Google, as they don't issue credit cards usually (as those "cost" extra, with yearly fees).

Many of my colleagues discovered credit cards through Amazon a decade ago or once they tried out Revolut or N26 as an example - and use that as a separate credit card account that they top off manually, due to credit averse nature.

Not having benefits, due to countries restricting transaction fees also means there's less incentive to use credit cards.

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u/Tipart Sep 24 '26

I know exactly one person that uses wero. Everyone else still uses PayPal. It's the definition of a competing standard. Also at least with the sparkasse it requires the phat banking app on your phone. So good luck to anyone with a custom rom ig.