| > SEPA isn't great, but there exist functioning country-wide systems as you mention. Great, except each country is tiny and cross-border commerce common, so you end up having to implement all of them… Or, much more likely, you give up and just go with Paypal + Credit Cards again, especially since more and more banks in Europe are rolling out Mastercard Debit as their regular banking card (on top of Apple Pay and whatever Google is pretending to be supporting today), making credit/debit card payments more popular than ever. > If you only have to deal with European payment systems + FedNow, you don't have to worry about things like the MATCH list. I'm not aware of any payment provider that gives me all European networks, but not credit cards. Not that it would be helpful, since most people use credit cards anyway. > This removes 95% of the censorship issues. Together with 95% of your customer base, realistically. |
Yes, and this can be done by software firms. You don't need to roll your own solution, but taking the payment networks' fees out of the equation drastically reduces costs.
> I'm not aware of any payment provider that gives me all European networks, but not credit cards.
That's true, since most sellers can access credit cards. But for EU-only sellers of "sensitive products", of course there is a market. (It's an open question if people on the MATCH list can use those payment providers as long as they don't accept cards.)
> Together with 95% of your customer base, realistically.
Most people where I live are comfortable using mobile payments and use it on a regular basis. I see mainstream retailers offering to take it (alongside cards) very often.