Mfw the rest of the world just has bank transfers
Right, I’d just get their account number and sort code, and can transfer securely for free, normally immediately or at least within 2 hours if their bank also uses SWIFT, which they all do.
If I understand correctly your account number is kinda of a big deal and a security risk to share it. But I may be wrong, nothing in US banking is straightforward or makes sense.
If I understand correctly your account number is kinda of a big deal and a security risk to share it
Depends. It’s not an issue at all for European bank accounts. All you can use it for is to deposit money in my account. Pretty much every company will have their bank account number listed on their website and in their letterhead.
That is what I thought was in the US also, but it seems to not be the case.
The evil trinity of American excellence:
-
Healthcare System
-
Banking System
-
Temperature Units
I didn’t know just how fucked up it all was until I moved to Canada.
Also:
- Car dependency
- Tax filing companies
-
Floorp is actually my browser of choice, it’s kind of like the Vivaldi of firefox
I accidentally floorped my underwear the other day when I sneezed too hard.
Love that Floorp!
Sounds like something from Rick and Morty, don’t Floor your plumbus!
Laughs in PIX
Visa and mastercard are actively trying to shut pix down, fuck those guys, I only use pix now
I’m harping on my friends to set up autodeposit. There is no reason to manually accept money, just let people give you money when they want.
If you need to log in, it’s because you are giving somebody money. Way harder for people to scam if that’s the case for everybody.
I do like that banking apps warn you that your payment might be a scam, but the number one rule I have after 25 years in computers is that nobody reads anything. Ever.
If they’ve opened that app and it’s a scam then they’re getting scammed. No amount of scary messages is going to stop that. They think the FBI takes iTunes vouchers ffs.
I hope this isn’t advocating for consolidation or a duopoly in the fintech space.
It best be advocating for interoperable standards that are not controlled and profited from by a limited number of rent seeking corporations.
It is a meme.
I don’t underestimate the power of memes. None of us should.
A meme lord recently went ham on the government with a chainsaw.
Have a unified protocol for this doesn’t mean a monopoly or consolidation.
Look up the implementation of UPI in India. We have thousands of services providing UPI payments to any other UPI recipient (no matter which app they use as long as it supports UPI)
Even WhatsApp has a UPI payment button in India. It’s that easy to implement.
I might be terribly oversimplifying it (and deviating from the facts a bit), but think of it as email - a protocol - and the thousands of services that let you send/recv emails to anyone, no matter their domain or service.
How much of this stuff is made up? I know Venmo is real, but a lot of the rest sounds like parody names.
Everything after Zelle is made up
Floorp is real but irrelevant in this context.
Whoa, a non-Blink non-WebKit Chrome alternative.
It can be paid over Poob. Poob pays it for you.
paid over Boob
At first I misread it this way, and I was like “ah yes, the world’s oldest payment system”
I can see the memetic advertisement by now! “Tested with ur mom”, etc.
Just use a bank? Why all these regulation dodging strange alternatives. Most banks even do email/mobile/tap transfers these days.
My guess is that USAian banks charge stupid fees for any sort of transfer between different banks
Here everyone just uses revolut
You think Canada’s approach is better?! TELL CARNEY. The government’s push for Open Banking and increased fintechs is literally them wanting to bring in all these nonsense variant fintech apps… for reasons unknown.
Made a trip to LA with the kids this summer and the surfing lessons guy made me pay extra for paying him on PayPal because that’s the only payment app I can use as a Canadian.
This is everything now lol. Impossible to move people off existing platforms because of choice overload. I feel this is why linux gets held up too, 6000 distros to choose makes it hard vs “its windoze I use nao”
