SEPA

Best intentions not always the best | SEPA

Dave highlights apparent flaws in the SEPA system.  When you get government involved in commercial systems, the results are not always what you want. 

– no internet availability
– unbelievably expensive …. I would suggest usury expensive!

Digital Money Forum: SEPA update

So, in summary, sending 50 euros to Amsterdam in the exciting new world of SEPA took two trips to the bank, cost £15 (ie, a transaction fee of 40%) and took three days. Next time, I’ll use PayPal.

One thought on “Best intentions not always the best | SEPA”

  1. Not clear how either of the two problems are due to governments being involved in commercial systems.

    Both seem to be failures of the bank.

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