Paying with Paypal is as easy as logging in. With Wero/iDeal you always need a phone or a code. People trust PayPal more too.
replyWero has a for merchant/commerce part that integrates with PSPs. For instance Adyen: https://www.adyen.com/knowledge-hub/wero
replyBut we aren't there yet.
I have not tried Wero, but I have tried the german predecessor (paydirekt/giropay). It was ... not much less smooth than PayPal.
replyBut I’ve only ever seen a single vendor offering it. 0 for Wero so far.
In most countries, Wero is still in incubating stage. i.e., banks anouncing that in the next 3 years they will support it.
replyOf course it's not widely used by vendors when it's still in development. I am hopeful that it will take off to some degree in the nearest 5 years though.
I don't think vendors can offer Wero yet. I think it's part of the merger with other European companies.
replyThat is what keeps confusing me when people hype wero. It essentially (I think some limited trials?) doesn't exist for B2C, and sending money to friends is a very minor use case.
replySo once it has really broad support and can be used as merchant, is when it'll maybe become interesting.
Well it's a nice thing to be able to send money across european countries only with a phone number even if it's only among consumers for now.
replyBut it's been confirmed they are merging with companies that are already B2C in their own countries to bring a european B2C system
Wero is essentially iDeal. iDeal is great.
replyIt is not. Wero has charge back support and therefor higher fees. There is quite some interest in Pay by Bank via PSD2 APIs. This is much more similar to iDeal and can work for the entire EU.
replyGreat for merchants, not so much for consumers. Once the merchant has your money it's very difficult to get it back if things go wrong.
replyWhat is the alternative? I am not sure i can get my money back once they leave the card.
replyI like your optimism.
replyI don't know if popular is quite the right word. It certainly is widely used though...
reply