This... Use it all the time to pay friends and family for services rendered (and likewise)
This... Use it all the time to pay friends and family for services rendered (and likewise)
It's how you get clicks around here. Got a topic that probably won't attract a lot of attention? Frame the title to ask why the US does or doesn't do something concerning said topic. Works every time.Why does everything have to be U.S focused? Even in the OP he mentions the world but still has USA in the thread title. People outside the U.S obsessed with the U.S or something?
It's how you get clicks around here. Got a topic that probably won't attract a lot of attention? Frame the title to ask why the US does or doesn't do something concerning said topic. Works every time.
First thing I thought. Also Zelle Quickpay.
For those who doesn't know, here in Scandinavia all the banks have come together to make an app called Swish on all mobile platforms.
Not totally wrong. Bank to bank is still slow — we just have third party workaroundsTIL that I was totally wrong, and I should've kept my mouth shut.
Edit: So the driving force behind it really is the government wanting every transaction traceable.
This would have been a problem when information traveled at horse speed. But not today when information travels at substantial fractions of light speed. Your banks should have set up a universal near-instant transfer protocol years ago. They haven't because they are short sighted and don't want to invest.
https://www.marketplace.org/2017/07...cash-some-businesses-will-no-longer-accept-it
Makes it harder to for an individual to launder money, to lie about taxes and it costs alot to create money for the state. No one except elderly people uses cash here anymore.
I wonder if the sheer # of banks in the USA plays a factor. No one wants to step up and make the first move?I don't like the idea of entirely removing cash. Makes it far too easy for goverments or corporations to track private purchases.
This would have been a problem when information traveled at horse speed. But not today when information travels at substantial fractions of light speed. Your banks should have set up a universal near-instant transfer protocol years ago. They haven't because they are short sighted and don't want to invest.
I don't like the idea of entirely removing cash. Makes it far too easy for goverments or corporations to track private purchases.
This would have been a problem when information traveled at horse speed. But not today when information travels at substantial fractions of light speed. Your banks should have set up a universal near-instant transfer protocol years ago. They haven't because they are short sighted and don't want to invest.
Europe is not like the States, if you are not really close to another country's border then you rarely visit them except for vacations or job related stuffs. If so then paypal is universal or just use your credit card (no fee in EU countries)What happens if someone that uses Swish travels to Europe and wants to pay using an app? Can they pay using Swish? Do they have to get a new app in each country?
The article mentions that this could really screw over elderly people. I imagine the homeless would also be hurt by this.
Why on Earth would you want a private company to control the currency in your country?
Europe is not like the States, if you are not really close to another country's border then you rarely visit them except for vacations or job related stuffs. If so then paypal is universal or just use your credit card (no fee in EU countries)
I don't like the idea of entirely removing cash. Makes it far too easy for goverments or corporations to track private purchases..
I assure you that Europeans travel to more countries than Americans do.
Why do people want private countries to control electric or the Internet for that matter? I've never understood it. It's petrifying.
Why on Earth would you want a private company to control the currency in your country?
Having digital payment methods has very little to do with "giving a private company control of the currency".
It is if you're killing cash in favor of it. The banks can now control what you can and can't by, know everything you buy, and choosing who can spend money.
I'm not against payment apps. I use Zelle and GPay all the time, but I don't think cash should be killed off in favor of privately owned and controlled payment apps.
Blame my landlord lol. He only accepts checks.I mean, I learned from GAF and ERA a large number of the US still use cheques to pay for their rent. I'm 30 and I've never used a cheque in my life.
how would going all digital limit who and what you can pay for? You can still just randomly send someone $50 or whatever for an item they are selling. All the bank/app would see is the $50 that switched accounts.
Also I've heard of Zelle but didn't realize it was instant and free. My wife and I just started a joint bank account though and she was the person I was using Venmo with 95% of the time.
Well I don't know about the US, but here in Sweden that can't happen because it's heavily regulated.What's to stop the company that controls the app from blocking someone or a company from using it? PayPal does it all the time, if it's the only way to send money to someone it effectively ruins them.
I would not have checkbook if it wasn't for that lol.Yep. My landlord is 70 and I've asked him to please set up a Venmo/Paypal account and he refuses lol
Not totally wrong. Bank to bank is still slow — we just have third party workarounds
Well, I guess it's at least a slight step up from only taking cash payments.
Well I don't know about the US, but here in Sweden that can't happen because it's heavily regulated.
Don't Americans use credit cards?
Well, I guess it's at least a slight step up from only taking cash payments.
I mean, I learned from GAF and ERA a large number of the US still use cheques to pay for their rent. I'm 30 and I've never used a cheque in my life.
What's to stop the company that controls the app from blocking someone or a company from using it? PayPal does it all the time, if it's the only way to send money to someone it effectively ruins them.
Some properties that do have an online payment system may charge an additional fee as well. When I was looking for apartments, this was one of my questions. I managed to find a place with a free online payment system. Had I rented from a place that charged to pay online, I probably would have used a paper check.
It still impacts people without access to smartphones. How are the poor and homeless supposed to pay for things if they don't have a smartphone?
Credit Cards aren't the only way to pay for things in the majority of stores.
I wonder if the sheer # of banks in the USA plays a factor. No one wants to step up and make the first move?
Ah never heard of it. Looks like it doesn't work with my bank anyway.Bank to bank is fine, it's Zelle. Its a terrible name and not marketed, but it's built into your bank and transfers instantly. I'm very anti having my bank accounts linked all over the place after I got screwed by PayPal a few years ago so I refuse to use venmo or cash apps.
The banks can now control what you can and can't by, know everything you buy, and choosing who can spend money.