Hacker News Reader

Fully agree. In Germany we have a widely used push mechanism (giropay) where you approve the online payment using an app or a dedicated hardware device. It's instant, free for buyer and seller, push, and requires explicit consent for each transfer from the buyer.

It's supported by all major electronics stores. The only exception is Amazon who will do a SEPA pull instead. But there the bank grants you 6 weeks to cancel the deduction if you want to.

View on HN

Not correct:

Giropay does in fact include fees, though these are usually covered by the seller. (check for example: https://www.unternehmerportal.info/giropay/)

DISCLAIMER: Lead Payment Engineer at an European Challenger Bank, i'm implementing that stuff in the backend, i'm mainly talking to our central bank.

I'm honestly surprised. I've been using it as the seller with a Deutsche Bank business account for a few years now and I never paid any per-transaction fees.

Reply on news.ycombinator.com