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Comment by pvarangot | Hacker News Reader

No. I'm in the US and my bank even blocked sign in bonuses "just to be sure everyone is ok with it because it's a lot of money". Using plain old inter banking transfers for something like OnlyFans subscriptions is suicide and the new APIs like Zelle or Venmo are subject to even more internal regulations than credit cards regarding percentage of fraud transactions/porn.

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Seems like it's the cost of fraud protection then. The European SEPA has virtually no fraud protection, unless it was a technical error (duplicate payments etc). The upside is that no-one cares who you transact with. All payments are final.

> The European SEPA has virtually no fraud protection, unless it was a technical error (duplicate payments etc). The upside is that no-one cares who you transact with. All payments are final.

Yeah, I'm used to using that domestically and rarely for business. We usually use Giros[1] for business and now Swish for more personal stuff. I think most areas now have Klarna (even the US according to Wikipedia). I wonder how much they would interfere in things like this.

1. https://en.wikipedia.org/wiki/Giro

2. https://en.wikipedia.org/wiki/Swish_(payment)

3. https://en.wikipedia.org/wiki/Klarna

Not with SEPA Direct Debit (which accounts for most of my online payments); I can "return" (get back) money spent like that easily via my bank.

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