there are about 40 banks in the netherlands, so there's definitely competition! in france there are >400, and they all do the same thing you mentioned (you either pay a fee, or you need to use your card at least once per month, or you need a minimum deposit per month)
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i think you're right that there's competition in NL *but* they're not really competing on the global stage at all, just iterating on Maestro etc. But holy shit....france.... o no
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the choice for maestro is weird & i think bunq (lol) is the only one really trying to break through internationally. and yes it's *not* fun banking here lol
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how do you even survive haha! fintech stuff???
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there's a longer story here that i'll save for another time, but in general i just use my dutch account + revolut... but now that i've officially moved it's about to get a lot more complicated
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So… I actually think Maestro+iDeal is a stroke of genius (low fraud, low cost) and every (European) country should do it.
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Replying to @thijsniks @juanbuis and
Paying directly for accounts is an equity problem, but unfortunately a side-effect of negative interest rates.
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Replying to @thijsniks @juanbuis and
Payment requests work well now. Transfers are instant. ING app is good. Apple Pay is supported. What’s missing?
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I'm not saying Credit Card companies aren't shit, but you miss out on a *lot* of proven infrastructure with iDEAL
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I’m very aware (after making payments work globally for Uber for 5 years), but that’s mostly inertia not great system design. Build iDeal for the eurozone and all of the sudden it’s a seriously supported option. Card networks are so hacked together.
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And acceptgiro/reference numbers for invoices work well. Though could be better if they included amount verification, etc
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Ok I do miss them acceptgiros, makes it easy to actually pay bills
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