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A comment on Bank transfers as a payment method. Parent comment

Re:Bank transfers as a payment method by leokennis on Saturday November 27, 2021 @11:58AM (#29361526)
In The Netherlands, over 90% of all domestic payments initiated by “regular people” are SEPA Instant Payments, meaning booked on the other persons account no matter their bank within 5 seconds.

They’re free to send and receive.

Source: I worked on implementing Instant Payments at the biggest Dutch bank.

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Re:Bank transfers as a payment method by Tijdreiziger on Saturday November 27, 2021 @09:19PM (#29365595)
Wait, so direct debit and iDEAL together account for less than 10% of consumer payments? That's shockingly low.
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Re:Bank transfers as a payment method by leokennis on Sunday November 28, 2021 @02:06AM (#29366832)
No, SDD is a lot of the total transaction volume. Everyone has a mortgage, phone plan, energy contract etc. and that is all SDD.

iDeal is of course the default for webshops, it’s big too.

But the 90% I referred to are “person to person” payments.

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Re:Bank transfers as a payment method by Tijdreiziger on Sunday November 28, 2021 @11:34AM (#29370238)
Ah, that makes more sense. I'm still a bit surprised that iDEAL payment requests ('Tikkie') account for less than 10%.
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