Comment by mertbio
16 hours ago
Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
16 hours ago
Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
Paying with Paypal is as easy as logging in. With Wero/iDeal you always need a phone or a code. People trust PayPal more too.
Wero has a for merchant/commerce part that integrates with PSPs. For instance Adyen: https://www.adyen.com/knowledge-hub/wero
But we aren't there yet.
I don't know if popular is quite the right word. It certainly is widely used though...
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.
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.
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Wero is essentially iDeal. iDeal is great.
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.
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.
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I like your optimism.