Decathlon Germany adds Wero payment option to decathlon.de website

> and many only support iDEAL

Actually, look closer when you pay using Ideal (as we all do). You will notice that usually there are several payment methods, and these almost always include credit cards.

The reason for this is not because the Dutch like to pay using credit cards (most Dutch never use one), but because of a little known law regarding online stores. It is, in fact, not allowed to only offer payment options that require the customer to pay the full amount upfront. And Ideal (and Wero) do just that: you order a T-shirt for €20, you pay €20 upfront, the shirt gets shipped, and you receive it.

Now have a look at this note:

https://www.acm.nl/nl/verkoop-aan-consumenten/de-koop-sluite...

> U mag maximaal 50% vooruitbetaling vragen voor producten die u nog moet leveren.

> Dit betekent dat u standaard mag aanbieden om het hele bedrag te betalen. Maar u geeft klanten ook de mogelijkheid om minimaal 50% pas na levering te betalen.

There are almost no online stores which offer this of course. It's just not part of this commercial model. Not for a T-shirt (or whatever).

So what is the trick the government itself even recommends?

Credit cards.

https://ondernemersplein.overheid.nl/geldzaken-en-belastinge...

Something about the way credit card payments reserve payments initially and the way credit cards offer consumer protection services makes this a payment option which, apparently, fulfils this 50% after delivery rule…

I thought Wero is based on ideal 2.0, which in itself is based on payconiq. Which is quite different from th old ideal system

What was the iDEAL payment option now says iDeal WERO. The Dutch are already using WERO for a couple of months now.

It's not the same system. iDEAL supports banks to implement payment in their online banking websites, while Wero is Google/Apple ecosystem exclusive.

If Wero is going to be similar to iDEAL, which it is based on, the payment flow will be through your bank's app. Heck, even the Wero app description says so:

The Wero app is available only for account holders from the German bank Postbank and the French bank La Banque Postale.

Are you a customer of another Wero-enabled bank? If so, you can easily use Wero within your banking app.

https://play.google.com/store/apps/details?id=eu.epicompany....

I have seen quite some people downloading their banking apps through the Aurora store (admittedly, it's a frontend for the Play Store, but you don't need an account or the app). Or you can use something like APKMirror and verify that they have the correct signing keys.

Of course, if they need Play Services or Play Integrity basic, then you need sandboxed Google Play or microG. If your bank does remote attestation through Play Integrity, then it is game over, but it is worth contacting your bank. E.g. some banks have added the GrapheneOS signing keys and added support for AOSP remote attestation.

While researching Wero initially, I was confused too that no APK is offered. Maybe we can change that.grbn

It’s fine to decouple from US payment and financial infra today and punt on decoupling from US big tech in the future. These changes take time and effort at scale, so it’s about being directionally accurate, not doing all the changes all at once. “You eat an elephant one bite at a time.” Europe is eating the financial infra bites right now. There are other bites to be taken over the next several years.

Similar to Airbus moving critical apps from AWS to France’s Scaleway. Flexing the muscle needed to do the rest, and starting with the most important.

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...

My bank sets the default to "Standard (1-3 Days). Many forget to click the checkbox. I have also heard: "I only do instant when I need it" implying some implicit cost/limit they fear. This is probably still worth it for Banks. As not _all_ transfers are now the dreadful super expensive instant variety.

They are allowed to set caps, I've seen them down to around €5000 per transaction so it's not literally all transfers. Still free to transfer above, just takes more than a few seconds to do so, presumably for fraud/theft protection. Some banks will make that a daily limit, or configurable, there's some flexibility but they're mandated to justify all limits with no arbitrary discrimination against instant transfers.

In practice, obviously most personal payments are well under that margin, so within-EU bank transfers are defacto instant everywhere. Most banking apps I've seen don't even show an 'instant/slow' option any more, it's just all instant.

A lot of banks won’t even give you the option of a non-instant transfer now, at least here in Portugal. Though non-instant transfers can in theory be recalled since there is some time before the money gets to the destination account, my bank even gives a warning now when doing a transfer to ensure I have the details right because they can not recall a transaction after the money arrives.

You have 1 hour to recall and cancel a transfer, but an instant transfer is non cancellable

You can get the domains from your local European nations registrar though. How is the American conglomerate going to prevent that?

They most likely don't charge fees on consumer.

Usually the fee is on merchant (and it's few % depending on region regulations etc.) Payment providers such as Wero are doing direct bank transfer, which is usually fee-less, but then they can afford to put a on-merchant fee that's much lower than what credit card companies are charging.

Thus the model is win-win-win: Consumer doesn't pay more, Merchant pays less, and Wero gets their share.

>Our pricing is clear and merchant-friendly: a small percentage fee with built-in caps

https://wero-wallet.eu/e-m-commerce

So they charge a fee, but they don't specify what a "small percentage" is.

Free for individuals, but paid if you're the business it seems from what I've found? If that's the case, it seems to be the same as a card in the US and I wouldn't be surprised if some businesses try to pass it on like they do with cards.

[0] https://www.mollie.com/growth/wero-payment-guide#:~:text=How...

[1] https://www.bnpparibasfortis.be/en/public/faq/how-much-does-...

The payment service provider (like Stripe or Adyen).

We don't support shit until the regular strongly suggests we do and then it takes about three years to do pretty much nothing, but perfectly on time (not on time actually, ts' a lie)

I'd much prefer NFC if I could see how much I was paying and had to always confirm it -- I understand this wouldn't have worked with physical cards but I wish it was an option on my phone.

> Here (NL) contactless payments works with every debit card, physical or stored Apple Google/Pay, in every store

That's how it works in the US as well. You might be conflating Apple Pay with Apple Wallet, which stores your credit cards for tap-to-pay. Most people in the US use Apple Wallet/Google Wallet to digitally store their credit/debit cards, and use those cards to pay at the store by tapping the POS terminal.

For example, I use Apple Wallet for nearly every transaction, but I never use Apple Pay/Apple Card as the payment method.

Last time I visited NL many shops (including Albert Heijn) only supported Maestro, so as a foreigner you effectively can't pay with Visa or Mastercard.

The market wants to take a cut per transaction, perpetually. At a high profit margin.

This is one where not the market but a country/group of countries need to rollout their own public payments so fees are minimal to zero.

Ideal was a result of free market banking though.

> The system was conceived by the Dutch banks ABN Amro, ING Bank, Postbank N.V. and Rabobank, to develop a single system for online payments that could be used by all banks.

Currently owned by EPI:

> The European Payments Initiative (EPI) is a unified digital payment service launched in 2020 and backed by sixteen founding European banks and payment service providers.

I mean you could have a single protocol and then various different providers still competing, like email, or how even for Visa or Mastercard there's a bunch of different banks that partner up.

Almost like regulation is sometimes helpful if the market doesn't solve it.

The article is about Europe and the last time I checked, the Netherlands is in Europe.

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If ameliuspay is properly registered with the EU payment processor platform, then it should automatically appear as an option in the webshop.

In Norway we have a thing similar to Bizum, called Vipps. I.e. a payment method specialized for sending small person-to-person payments, for example useful when buying something second hand in person from another person, or when splitting a restaurant bill, or paying someone for gas when you rode in their car with them, etc etc.

Vipps is also usable as payment method in several online stores here, just like the above mentioned that Bizum can be used for Amazon Spain. I often use Vipps as payment method when it is available in online stores. It’s quick and convenient, and doesn’t involve giving my card details to a third party payment provider.

Aside from my Norwegian bank card and the Vipps that is connected to the same bank account, I also have Revolut, which supports disposable single-use virtual cards which is an excellent idea in theory and I’ve used that a few times too, but I have had too many cases of trying to pay with Revolut disposable single-use virtual cards and it not working so that what should’ve been a great way to avoid giving my card details to all kinds of third parties instead becomes a hassle where I first try disposable and it’s not going through and then I have to use my long-term multi-use card details to pay anyway.

With Vipps I have not had much trouble. There was a time or two such as for example the other day where I paid for something on Finn (similar to Wallapop in Spain) with Vipps and Finn said there was an error and I tried again and Finn still said it errored. But I just left it like that and it resolved itself. Next day when I logged into Finn again, the purchase had completed and in Vipps one of the two pending attempted payments went through and the other one was reverted as it should, without me having had to reach out to neither Finn nor Vipps myself.

I tend to prefer Bizum over my card, as my newfangled debit card has a CVV code that changes every 10 minutes, so I can no longer just autofill the card with a password manager, I MUST open the bank app to get the CVV code.

With Bizum I don't need that, input my phone number, approve the dialogue in the bank app, then for future purchases it's automatically approved. That no fees goes to American companies is just the cherry on top.

(Decathlon Spain also offers Bizum payments, FWIW)

Technological independence from the US, which in recent times has proven not to be a reliable partner for the European Union.

It sounds like a coupon website installing malware to me. But... names are just names. When adoption gets large enough, every name becomes unimportant I guess.

iShares, iDeal, WhatsApp: the Millenial trinity of European essentials :D

How would you even pronounce wero as a native English speaker?

We - ro? Wer-o?

At least iDeal was unambiguous.

I haven't heard of crippling d. euro, but wero is specifically built by European banks, to try to corner the market before d. euro comes.

That said, I wouldn't be surprised regarding lobbying.

Well I guess I have good news for you (and bad news for Dutch merchants), because Wero does offer the ability to dispute.

I wouldn't count on that, in-order to provide rock solid financial service, you definitely need a reliable cloud provider. There is no true equivalent in EU for a cloud provider like that at the moment