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Comment by vitorgrs

2 months ago

Do you buy on amazon with SEPA? Can you do your gym automatic subscription with SEPA? Can you buy stuff on Chrome with Google Pay with SEPA?

All of this is possible with Pix.

5 comments

vitorgrs

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sam_lowry_  2 months ago

> Do you buy on amazon with SEPA?

Bancontact in my case, which is a country-specific payment system.

Amazon knows my IBAN and I authorize the payments through Bancontact.

> Can you do your gym automatic subscription with SEPA?

Yes

> Can you buy stuff on Chrome with Google Pay with SEPA?

Nope, Google Pay only accepts credit cards.

  • vitorgrs  2 months ago

    I'm not familiar enough with Bancontact, but.... Doesn't Bancontact take up to 3 days to the money to get to business?

    Does it support every bank? It feels for me Bancontact feels like a Visa/Master thing?

    The point about Pix is how it was created by the Central Bank. Between person, it's 100% free, no fees at all. Between business, they allow banks to charge a fee, but the cost it's super low, so a few banks don't have fees at all.

    Pix it's just a way on how you can transfer money from your bank app.

    About Google Pay thing, Google Pay here integrated Pix, by using open bank solution. So Google Pay basically becomes a 3rd party client for your bank, and thus, allows you use Pix with Tap to Pay, or... with every website on Chrome's.

    As soon as you copy the Pix Code to pay, it invokes Google Pay, and you can pay seamless, without switching to any app.

    And because every website, store, supports Pix... This basically delivered Google Pay to everything.

  • closewith  2 months ago

    Right, so SEPA Instant is a world away from Pix, which is accepted everywhere in Brazil and sometimes is the only payment methods available.

    These comments remind me of the infamous Dropbox comment. Pix is identical to SEPA except in all the ways that count to users, which is why it's wildly more popular.

elric  2 months ago

Amazon and Google are stupid in that they don't accept SEPA payments, but that's an Amazon & Google issue and not a SEPA issue.

Many of my subscription services (from webhosting to internet to recurring hospital bills) are done using Sepa Direct Debit (SDD).