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.
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.
Shreepad Shukla
February 7, 2008 at 02:06