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A comment on Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?.

Re:Do we need to pay billions in fees to Stripe, Block, PayP... by keiferski on Sunday August 18, 2024 @02:01AM (#41280423)
In Poland there is a bank-to-bank payment system called BLIK. It works incredibly well and avoids the payment processing providers entirely.

https://en.wikipedia.org/wiki/Blik

Basically it works like this: when you go to pay online, open the bank app on your phone, pick “pay by Blik”, copy the temporary 6 digit code, and paste it on to the online store’s website. You then also have to confirm the transaction on your phone.

It takes 5 seconds and is significantly easier than paying with a credit/debit card. It’s a shame this isn’t a thing in the US.

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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by premysl on Sunday August 18, 2024 @05:18AM (#41281184)
The reliance on a phone seems terrible, I would never install a banking application unless sufficiently threatened. I prefer our (Czech) more-or-less direct bank transfers, for which I don't need to leave my web browser.
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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by keiferski on Sunday August 18, 2024 @06:03AM (#41281367)
It isn’t phone dependent. You can use the website too, if your bank has the option (mine does.)
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