• 10 Posts
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Joined 1 year ago
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Cake day: June 2nd, 2024

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  • I suspect what you are calling a wire transfer is not actually the same thing as a SWIFT network wire transfer

    That’s absolutely possible. Whenever I’m researching how to move moneys, I find that there’s a bit of a language barrier. When I say “wire transfer”, I’m trying to communicate a scheme by which I instruct my local bank to reduce the number of Euros in my bank account and somehow instruct the recipient’s bank to increase the number of Euros in the recipient’s bank account by the same amount. Specifically, I’m trying to communicate that there is no credit involved here. No end-of-moth balancing of a credit account, no sending money I don’t actually have.

    I think what I mean is the “SEPA Instant Credit Transfer” as Wikipedia describes it (https://en.wikipedia.org/wiki/Single_Euro_Payments_Area#SEPA_Instant_Credit_Transfer). I am aware that this cannot possibly work with banks outside of SEPA. And these are also free-of-charge, as I said:

    Since 2009 the European Union Regulation No 924/2009 […] regulation Article 1 […] states that an IBAN/BIC transfer within Single Euro Payments Area (SEPA) must not cost more than a national transfer […]. As of 2022, most European banks do not charge private customers for SEPA transfers

    https://en.wikipedia.org/wiki/Wire_transfer#European_Union











    • Last time I checked, Github required a credit card for its paid stuff.
    • PayPal is a privacy nightmare. LiberaPay does accept the usual SEPA wire transfers and debit collects, but only if the recipient accepts them, too.
    • Patreon only accepts credit cards or PayPal.
    • Crypto… is crypto
    • Polar only accepts credit cards and whatever the hell „Cash App Pay” is.

    I have access to none of these options, except SEPA iff Bottles accepts it.

    I have a feeling that fundraisers would get a lot more funding if they weren’t so US-centric. I’m German. I don’t need a goddamn credit card. I have money. And I don’t want some private company snooping through my accounts.






  • My IT Sec professor told us about a project he one had. It was a website mimicking an online banking website. He wanted to demonstrate how a phishing attack would look. He made sure to clearly state on the site that this was not, in fact, an online banking website.

    Still people would enter their real banking credentials and he was forced to take it down.

    I tell this story from memory. It may be off in the details.