alt Hacker NewsNote that Wero is amongs others based on the Dutch iDEAL [1] system, which was introduced 21 years ago. Virtually every Dutch web shop supports iDEAL (and many only support iDEAL) as well as international payment services such as PayPal and Stripe. As a result, the vast majority of transactions of Dutch webshops go through iDEAL. It is really a super-nice frictionless system.
iDEAL also supports P2P payments through Tikkie (ABN AMRO) or the payment request option of other banks. You basically show a QR code or send a link and the person paying goes through the iDEAL flow to transfer the money. Tikkie (and the other bank's similar and compatible systems) have been one of the primary methods for P2P transfers for many years now.
I am really happy that we are getting the same system across multiple countries now. Contactless payments through Wero are also planned, so that we can finally become independent of Google/Apple Pay for contactless payments using a phone.
[1] EPI purchased the Dutch iDEAL and Belgian Payconiq and mentioned on multiple occasions that Wero is based on the foundations of iDEAL. They kept iDEAL running as a separate system in order not to disturb it during the upbringing of Wero, but iDeal is going to migrated to Wero the coming period.
Replies
I thought Wero is based on ideal 2.0, which in itself is based on payconiq. Which is quite different from th old ideal system
What was the iDEAL payment option now says iDeal WERO. The Dutch are already using WERO for a couple of months now.
It's not the same system. iDEAL supports banks to implement payment in their online banking websites, while Wero is Google/Apple ecosystem exclusive.
> and many only support iDEAL
Actually, look closer when you pay using Ideal (as we all do). You will notice that usually there are several payment methods, and these almost always include credit cards.
The reason for this is not because the Dutch like to pay using credit cards (most Dutch never use one), but because of a little known law regarding online stores. It is, in fact, not allowed to only offer payment options that require the customer to pay the full amount upfront. And Ideal (and Wero) do just that: you order a T-shirt for €20, you pay €20 upfront, the shirt gets shipped, and you receive it.
Now have a look at this note:
https://www.acm.nl/nl/verkoop-aan-consumenten/de-koop-sluite...
> U mag maximaal 50% vooruitbetaling vragen voor producten die u nog moet leveren.
> Dit betekent dat u standaard mag aanbieden om het hele bedrag te betalen. Maar u geeft klanten ook de mogelijkheid om minimaal 50% pas na levering te betalen.
There are almost no online stores which offer this of course. It's just not part of this commercial model. Not for a T-shirt (or whatever).
So what is the trick the government itself even recommends?
Credit cards.
https://ondernemersplein.overheid.nl/geldzaken-en-belastinge...
Something about the way credit card payments reserve payments initially and the way credit cards offer consumer protection services makes this a payment option which, apparently, fulfils this 50% after delivery rule…