Why would you use a functional system for the past fifty years that works? Instead of using a third party data harvesting middleman like Venmo/Cash app/Paypal who can reject your purchase because fuck you?
Yep, I scan a QR code that they give me and my bank, any bank in my country, will transfer the requested amount to the restaurant in one click on my phone. With two additional clicks I can send a QR code made by my bank to my friend who can transfer his part to me. Both transfers happen within a second.
On the way home, I pay for public transport by bank transfer by holding my card to the reader when getting on the bus, then off the bus. It’s simple and secure.
We do, but most people are afraid to use them. We have Zelle, which is free. I think the issue is that Zelle isn’t protected. If you send the money to the wrong name/number there is no way to get that money back unless the recipient agrees to it. But there is no law or whatever to force that person to return the money if you are the one who made the mistake.
In Brazil we can send money to each other between bank accounts. There’s even this new and fast system called “Pix”, in which you can, in just some seconds, create a code of a payment request, show it as QRCode, scan it and pay it. It’s pretty neat.
Why would you use a functional system for the past fifty years that works? Instead of using a third party data harvesting middleman like Venmo/Cash app/Paypal who can reject your purchase because fuck you?
Wait, you guys don’t have bank transfers in the USA? I can send money from my own bank account with no fees to every other bank in my country
You gonna organize a bank transfer to pay your dinner check?
Yep, I scan a QR code that they give me and my bank, any bank in my country, will transfer the requested amount to the restaurant in one click on my phone. With two additional clicks I can send a QR code made by my bank to my friend who can transfer his part to me. Both transfers happen within a second.
On the way home, I pay for public transport by bank transfer by holding my card to the reader when getting on the bus, then off the bus. It’s simple and secure.
Oh wow, how interesting…
I’ve definitely never seen that in the US
It’s called Zelle. We have it, it just isn’t as ubiquitous.
I only know Zelle as the scammer’s app of choice.
How does Zelle make money?
They charge the vendor/bank for the service.
And sell your purchase history. (Exactly, it must be said, the same way Visa et al make money.)
According to my research, they do not.
That’s the whole reason it was put forward in the first place.
We do, but most people are afraid to use them. We have Zelle, which is free. I think the issue is that Zelle isn’t protected. If you send the money to the wrong name/number there is no way to get that money back unless the recipient agrees to it. But there is no law or whatever to force that person to return the money if you are the one who made the mistake.
Yes the us has bank transfers. No you are not special
Many banks charge a fee for wire transfers, in some instances $20. Zelle is free, but not every bank uses it.
Y’all don’t have a government option?
In Brazil we can send money to each other between bank accounts. There’s even this new and fast system called “Pix”, in which you can, in just some seconds, create a code of a payment request, show it as QRCode, scan it and pay it. It’s pretty neat.
In America, banks would lobby against it, and Republicans would call it socialism.
Has no one here ever used a debit card?