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by trashb 35 days ago
> non of the functionality that PayPal or other services give

What functionality are you looking for exactly?

I use paypal to transfer money to other accounts & pay for online shopping, possibly in other valuta. In my opinion Wero (earlier I used IDeal) is easier then paypal for this purpose
1 comments
BadBadJellyBean 35 days ago
> What functionality are you looking for exactly?

* Buyer protection

* Obfuscation of my banking data (IBAN)

* Having access to it with my bank

* Not needing to share my contact list

At the moment I don't see much improvement over an instant SEPA transaction. Since both parties will see each other's IBAN anyways with Wero I can just give out my IBAN.

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trashb 35 days ago
> Buyer protection

Wero does introduce some sort of chargebacks and disputes, buy from reputable sellers and otherwise you are still free to use paypal for additional protection (but don't send money as "Friends & Family").

> Obfuscation of my banking data (IBAN)

IBAN is public facing and it is not a problem to share. It is the identifier of your account therefore required to make transfers. Money can't be charged with your IBAN. With paypal you share your e-mail.

> Having access to it with my bank

Your bank is the one that is providing the access to the Wero service, it will pull from or deposit into your bank account.

> Not needing to share my contact list

I don't see how this is required.

The strength of Wero is that it will be a unified friction less way of making digital transfers. It finds a similar place in the market that in the USA is filled by Venmo or Cash app however if you have a bank account you can use it.

I think it speaks volumes that no one within the Netherlands uses Paypal, but iDeal is the de-facto standard for all online payments there.

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paduc 34 days ago
> IBAN is public facing and it is not a problem to share.

I would be careful. In practice, you can setup a SEPA collection with an IBAN without the owner even knowing or signing a mandate because the banks don't check.

Of course, you can revert the transactions made this way, ... if you notice them (you have 30 days).

Edit: add time period

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BadBadJellyBean 35 days ago
> Your bank is the one that is providing the access to the Wero service, it will pull from or deposit into your bank account.

I mean my bank is not available in Wero. And A lot of other banks are the same. PayPal or Klarna just works.

> IBAN is public facing and it is not a problem to share. It is the identifier of your account therefore required to make transfers. Money can't be charged with your IBAN. With paypal you share your e-mail.

I know but a lot of people don't see it that way. Not me. But I know they are.

> Not needing to share my contact list

AFAIK you need to sync your contacts to them to send a person money. I am not sure though because I don't have access.

Please don't misunderstand me. I want something like Wero in Europe. I just hope that it's not the wrong thing and people will be disappointed and less likely to try something new.

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