It's never an issue when the criminal is rich.

It's a crime if you're poor and a fine if you're rich and all'at.

That's because Europe has SEPA, which are used in the EU.

Europeans mind can't comprehend the issues of american banks.

They are so bad, it doesn't make any sense.

in Poland we have something similar! we have BLIK and it generates a code for you that the other person taps into their terminal/you tap into an online purchase window, then it tells you to confirm again in the app and there you go, paid

there's also BLIK phone transfers, you just need the other person's phone number and (provided they have their bank linked to their phone number ofc) you can send money to their account that way

i haven't paid attention to it recently but when this was being introduced they also added a cheeky "this transaction only took you 30s ;)" at the end lol

Wtf is the point of all that? Sounds like it just makes the life of homeless people harder for no reason

Which country?

I recently had a trip to Japan and had more mixed opinions about it. Mainly because they have a large variety of coins and oh boy do you end up with a lot of them.

Our banks make it a pain in the ass and I don't know any stores that would accept it

we have zero say in what payment methods are available to us

companies and banks decide and we're just their little bitches

Bank transfers here take 3 days typically. And that's business days, so add another one if it's after 4:30 pm, also Saturday, Sunday, and holidays don't count.

recently found out most banks in the US are not government owned and charge transfer fees for each transfer (up to $40ish for wells fargo)

Because the US still does not have instant, or near instant bank transfers. ACH bank transfers cost money per transaction, on the order of 0.30-0.50 per transaction, and can much higher for larger transactions.

The US is just incredibly, and uniquely behind when it becomes to accessible payments. This is the reason why "FinTech" such as Cash app, PayPal, and Venmo, in addition to credit cards, are popular - they literally just don't have the infrastructure in place for you to pay back a friend after they pay for a meal.

Every other developed, and even some developing countries, have had fee free instant payments, for the better half of a decade. The UK/Hong Kong have Faster Payment System (FPS). Europe has SEPA, and most countries mandate that transfers cannot charge fees. Australia has Osko. India has Immediate Payments Service.

I read horror stories of USians paying rent by writing cheques or mailing cash to avoid bank transfer fees and subsequently stressing out about fraud. This is just insane to everyone else, who just pays via instant bank transfers.

Or, there could just be an instant payment thing that's run by the federal bank. Brazil created Pix, which is essentially an instant payment processor that makes transferring money piss easy, and it works 24/7 regardless of date and the money arrives in less than five seconds. It's managed by the Central Bank too, and every bank that operates in the country is connected to it.

They are actively pushing against every attempt to stop Twitter and it's owner Mask producing child pornography and non-consentually showing it to the users. That's where they are right now.

In Canada we have Interac E-transfer for transferring funds from our standard chequing accounts to private businesses or people we're buying things off of. We also have "virtual credit cards" that are just a CC number with an exp date and CVV that we can use for online purchases and that money comes out of our regular back account without the need for a credit account.

Most people still have and use Credit Cards but we are far less reliant on them here. Most of them time if someone has one it's for the perks that card gives, like cash back on purchases or points for rewards like gift cards, tools, vacations, etc.

Of course, but the more payment providers there are the less power each has.

They do, but people also do a lot of bank transfers. Which is essentially a cash payment. But if you don't have a local bank account and app, or the Wise app, then credit cards work just fine most places.

Albania is the only place I've seen that has zero trust in anything but cash, but that's because their socialist era was so restrictive that after that regime fell, people were wholly unable to understand how basic things like banks or economics works. A single pyramid scheme basically crashed the government in 1996-97. It's a fascinating story about how much learning a society has to do to change from an oppressive regime to something else.