Comment by zajio1am
1 year ago
That pretty much depend on country. Here in Europe, it is common to pay online by bank transfers, not by payment cards.
1 year ago
That pretty much depend on country. Here in Europe, it is common to pay online by bank transfers, not by payment cards.
There's quite a lot of variance across the country of Europe.
Bank transfers are indeed common but implying that payment cards are not is a bit of a misnomer - and the (buyer) protection offered by the card networks is much higher.
I guess my point is, that even in Europe, accepting only Bank transfers is going to limit your client base fairly significantly and to a sizeable number of people will be considered a signal of how much they can trust the vendor.
Yeah that stuck out for me too. Europe consists of a huge number of different countries.
And what the GP was saying is not at all my experience in my country, which is also in Europe.
Broad statements about Europe as a whole are often going to be very inaccurate for many of the countries in Europe.
You don't deserve to be down voted for your comment, because what you wrote is true. Depending on what kind of product you're selling online, you can expect about half of Europeans to pay by card and half by bank wire, if given both options.
Removing the ability to pay by card, I'd estimate the business would lose a substantial share of clients, maybe in the range of 25%.
> Here in Europe, it is common to pay online by bank transfers, not by payment cards.
UK here. I pay my window cleaner and my tree surgeon by a bank transfer (from my bank's phone app app). If I buy a thing or service online or in a shop I pay using a credit card. It's almost unheard for medium to large companies to offer their bank details for a transfer.