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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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8604640 No.8604640 [Reply] [Original]

>person sends me money via SEPA
>24 hours for the their bank to book the transaction
>another 24 hours for my bank to "see" the transaction and note it
>another fucking 24 hours to book the noted transaction on my bank account

I want to die.

>> No.8604667

>>8604640
this is why I fucking hate coinbase

>> No.8604679
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8604679

That's why crypto is the future.

>> No.8604685

>>8604667
the only thing everyone on /biz/ can agree on
coinbase is a cumstain

>> No.8604718

I thought SEPA was instant

>> No.8604728

>>8604640
>Bitcoin
>stuck for 2 weeks then reversed

>BCash
>there within seconds

>> No.8604757

>>8604718
HAHAHAHAHAHA GREAT JOKE MATE

>> No.8604760

>>8604718
No, SEPA is 2 work-days.

>> No.8605240

>>8604679
Why are spurdo and help helper friends?
We need a silly/retarded version of spurdo!

(Altho maybe he himself can be considered the retarded version of pedobear hmmmmmm)

>> No.8605293

Serious question but why is there no Faster Payments type thing for the euros???

>> No.8605336
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8605336

>>8605293
its coming soon

>> No.8605341

>>8605293
There is also Sofort-Überweisung (Insta Pay)
for €-Transactions but it sux.
They are working on it, due to the pressure of cryptocurrencies.

>> No.8605386

>>8605293
>Serious question but why is there no Faster Payments type thing for the euros???

Transactions take time, as they are processed in batches and require communication between the corresponding banks.
Also, if the bank is closed, no transaction is processed.

Automation can lead to fuck ups.
Fuck ups lead to litigation and suing customers.
Which in turn are expensive.

>> No.8605489

>>8605386

Yes but in the UK you have this system literally called ‘Faster Payments’ that takes just a few minutes for UK based transfers, can’t be unique to us right?

incidentally I heard Coinbase is gonna support UK faster payments through Barclays. Pretty comfy unless you shorted the bottom

>> No.8605556

>>8605489

Not said it cannot be done.
It just needs a fuckload of additional infrastructure, legal framework, testing, security...

>> No.8605882

>>8604640
Thing is, it could be way faster, but every bank keeps the money for some time at purpose. In this time the bank "owns" it and it is used.