I assume you’re not American? In the US, there is no standard consumer to consumer bank transfer like in most of the world. Instead we have multiple shades of shady private companies inserting themselves as middlemen.
The EU with almost 30 sovereign countries, has regulation to force banks to interoperate for consumer benefit in ways the single national government in the US is unable to.
I assume you’re not American? In the US, there is no standard consumer to consumer bank transfer like in most of the world. Instead we have multiple shades of shady private companies inserting themselves as middlemen.
The EU with almost 30 sovereign countries, has regulation to force banks to interoperate for consumer benefit in ways the single national government in the US is unable to.
Google Pay - a late entrant among several others - is seamless in this regard, in my neck of the woods. For cross border transactions, TransferWise is another such.
PayPal used to be the only game in town in the days of yore but several others have long since left them in the dust.
I think the resistance to Paypal alternatives has more to do with one's banker's / insurer's inertia.