i'd love to know what's your preferred payment method for digital payments and why, any story you share would be great too
ps: please start with your country like
"US: <response>", it'll help me categorise better
thank u, in advance
i'd love to know what's your preferred payment method for digital payments and why, any story you share would be great too
ps: please start with your country like
"US: <response>", it'll help me categorise better
thank u, in advance
- costs next to nothing - i have an standartised api for end users via FINTS and businesses via EBICS
of-course, it's seemingly a card not present payment, because it's digital payments infra unless you keep a card reader present to convert it to, your processor via bank to complete txn.
yeah, it is different for all and a lot of things come into account payer can be anyone consumer or merchant, anyone who would like to do a txn.
but what has been your pattern, i'm curious?
It knows address, only requires face id check. Adds shipping tracking. Works on every device I use. Every time shop allows apple pay I pick it. When not available I usually pick credit card.
Even my barber takes Apple Pay right from his Android Phone by tapping.
The only difference is outside of the US and the UK, Amex isn’t frequently accepted.
toomuchtodo•4w ago
vednig•4w ago
toomuchtodo•4w ago
The ideal is an app that gets you as close to Pix [1], UPI [2], and SEPA [3] as you can for low or no cost value movement on instant payment rails [4].
[1] https://en.wikipedia.org/wiki/Pix_(payment_system)
[2] https://en.wikipedia.org/wiki/Unified_Payments_Interface
[3] https://en.wikipedia.org/wiki/Single_Euro_Payments_Area
[4] https://en.wikipedia.org/wiki/Instant_payment
vednig•4w ago
it's definitely an interesting perspective as a consumer
toomuchtodo•4w ago
Now, with regards to your specific inquiry, your unsophisticated consumer probably cares more about points and cash back. How do you disincentivize that? As a merchant, you offer free instant payment options and surcharge the customer to use more expensive payment rails (credit cards, for example). At least in the US, we're on our way in that regard (Walmart is offering pay by bank using instant payment rails to avoid billions in interchange costs [2]).
You might find this latest CFPB report helpful [3], as well as this McKinsey report on payments [4] for further reading. I'd also recommend the Fintech Takes mailing list [5].
[1] FedNow Service will raise transaction limit to $10 million to meet increased demand, unlocking higher-value use cases - https://www.frbservices.org/news/fed360/issues/091625/fednow... - September 16th, 2025
[2] Walmart Plans Instant Bank Payments, Cutting Out Card Networks - https://news.ycombinator.com/item?id=41593450 - September 2024
[3] CFPB: The Consumer Credit Card Market Report to Congress - https://web.archive.org/web/20250601000000*/https://files.co... - December 2025
[4] The 2025 McKinsey Global Payments Report: Competing systems, contested outcomes - https://www.mckinsey.com/industries/financial-services/our-i... - September 26th, 2025
[5] https://fintechtakes.com/
raw_anon_1111•4w ago
https://sbecouncil.org/2024/07/01/the-cost-of-cash/
People also spend more when using credit cards where it is a net benefit to merchants.