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Comment by solarkraft | Hacker News Reader

I have not tried Wero, but I have tried the german predecessor (paydirekt/giropay). It was ... not much less smooth than PayPal.

But I’ve only ever seen a single vendor offering it. 0 for Wero so far.

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In most countries, Wero is still in incubating stage. i.e., banks anouncing that in the next 3 years they will support it.

Of 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.

That 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.

So 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.

But 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.

Great 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.

What is the alternative? I am not sure i can get my money back once they leave the card.

Which is pretty much the case with Visa and MC too. There's little card payment fraud in Europe thanks to mandated strong authentication, and very low transaction fees as interchange is capped by the EU; card issuers don't initiate chargebacks so easily.

> There's little card payment fraud

You're confusing fraud as in unauthorized payments with fraud as in you not receiving what you paid for. The latter is not prevented by 3DS in any way.

No I'm not.

Ask anyone who tried to dispute a purchase that happened within the EEA, whether online with SCA or card present with PIN, card issuers often tell you to deal with the merchant directly. The interchange cap has significantly reduced revenue made on card payments, they have an incentive to avoid unnecessary manual work.

It 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.

I've never used iDEAL but I assume the confusion comes from the fact checkout widgets (e.g. from Adyen) are transitioning from iDEAL to "iDEAL | Wero". I assume UX is the same, i.e. scan a QR code with your mobile wallet app?

If I understand correctly it's developed by the same people: Payconiq.

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