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A comment on Is this Paypal experience customary?. Parent comment

Re:Is this Paypal experience customary? by pjc50 on Friday July 05, 2019 @08:15AM (#20361917)
Given the expansion of "Faster Payments" and "open banking" (banks must support APIs!), I wouldn't be surprised to see the EU try to mandate a bank-to-bank ""federated"" payment system. Norway already has Vipps everywhere, although that's more like Venmo than Paypal.
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Re:Is this Paypal experience customary? by m-p-3 on Friday July 05, 2019 @08:25AM (#20361976)
We have Interac[1] in Canada and it works quite well.

[1]: https://en.wikipedia.org/wiki/Interac

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Re:Is this Paypal experience customary? by bitcoinbutter on Friday July 05, 2019 @09:30AM (#20362344)
Interac "works" but has many pitfalls. Some examples:

- Inability to issue refunds

- Lack of 2 factor authentication

- Non-unique payment addresses (receiving emails are not bound to one account or even one person)

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Re:Is this Paypal experience customary? by jeromegv on Friday July 05, 2019 @03:39PM (#20365228)
Those are fairly small pitfalls. You can send money back without a refund button. Authentication is done through your bank, if your bank has 2FA, then you have 2FA for Interact. Not sure what you are referring to about the payment address, but declaring the email the unique ID seems to be a decent solution for me.
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