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by MilaM 322 days ago
SEPA is not crap. It's actually pretty awesome, considering that you can instantly transfer money between 5000+ banks in 30+ countries, with practically zero fees.

The UX of SEPA is lacking in comparison to other modern payment systems for sure. I'm confident though, that it will improve soon. Wero [1] seems like a decent start and appears to be gaining traction lately. It's basically a layer on top of SEPA Instant payment with extra features and a decent app based UI/UX.

[1] https://en.wikipedia.org/wiki/Wero_(payment)
2 comments
SomeUserName432 322 days ago
> with practically zero fees

We pay 2.50 EUR for a SEPA transfer, it's ridiculously expensive.

We need local integrations for every market to cut costs.

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pavlov 322 days ago
Where in Europe are you getting charged that much?

Usually SEPA payments are completely free for consumers. And I believe there’s a EU-mandated fee cap which is much less than 2.50 €. But if you have a business account, things are different.

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SomeUserName432 319 days ago
Business account, invoicing in Scandinavia.

We clearly need to look into other banks.

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MilaM 322 days ago
That is pretty expensive, I agree. I pay zero additional fees when using my private account. For my business account I'm charged ~30 Cents flat per transaction. I know that there are banks offering better terms, but I'm too lazy to switch for just a couple of Euros in savings.
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jjcob 322 days ago
In austria QR codes for sharing payment info are getting popular. Many invoices have a QR code on them. You can then use your banking app to pay the invoice.

Banking apps can also generate a QR code for receiving payments.

They are not quite as seamless as tap-to-pay, but they work with pretty much every bank in the Austria, which is neat.

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