• 0 Posts
  • 7 Comments
Joined 2 years ago
cake
Cake day: June 24th, 2023

help-circle
  • Every country in the EU has some system for direct debit payments.

    Italy has Bancomat, Germany has EC/Giro, France has Carte Bleue, Belgium has Bancontact/Mister Cash (still have not figured out whether they’re supposed to be different or just different names in Flanders and Wallonia), and so on and so forth.

    Does the Netherlands not have such a system?

    It used to be that people would use these within their own country, but there would be Maestro for payments around Europe.

    MasterCard decided to discontinue Maestro for MasterCard Prepaid which has higher fees.

    The Germans whined about it a little and said that Europe should have come up with its own payment systems, but nothing came of it.

    By now we are also supposed to have SEPA Instant, that should offer Europe-wide bank transfers. I still have not quite understood why a debit card system can’t leverage that directly.