So I can 'read' the horizontal axis (q1 '24, q4 '24, q1 '25 - the upper red bar is the most recent data), but not the vertical one (except Apple and Google Pay), could someone help me out? Might not matter much but it'd like to know how the data is categorised.
It's (from top to bottom), blik, payment cards (including Google Pay and Apple), open banking transfers, and pay-by-links.
In Poland, Blik is the easiest way to pay online, it works by getting a one time 6-digit code from your banking app on your phone and typing it in the payment text box. Then you (in the banking app) get a notification with payment details, asking you to confirm. The best part is, that you can then save the account as the default in a cookie in your browser, so every time you pay with blik in the future, you no longer have to providr the code, you just get a notification. Much easier than cards IMO. Myself, wherever available and even Steam supports Blik nowadays), I prefer to pay with Blik.
Incomes with a downside of course, Visa and Mastercard customer protections (especially chargeback possibility) are better, though I've never had problems with Blik yet.
This is interesting as you point out one of the reasons that people use Credit Card Payment networks is the consumer protection that comes from credit contract legislation. That has a cost ( It costs the banks to provide the protection) which os recovered through the payment processing charges paid for by the merchant and I guess also offset by interest charges earned from the card user. But what if the card issuer could offer that protection independlty of the payment network and/or recover the cost some other way (either from the merchant or the card user)
I’m trying to support blik and use it more but honestly, I find blik not easy to use. I’m sharing accounts with family members so I’m not sure how that will work for “save account” feature. But the fact I need to switch between apps is super annoying to me. With apple pay it’s duble tap to face id and that’s it.
huppakee
in reply to Blaze (he/him) • • •SystemOfAnUp
in reply to huppakee • • •It's (from top to bottom), blik, payment cards (including Google Pay and Apple), open banking transfers, and pay-by-links.
In Poland, Blik is the easiest way to pay online, it works by getting a one time 6-digit code from your banking app on your phone and typing it in the payment text box. Then you (in the banking app) get a notification with payment details, asking you to confirm. The best part is, that you can then save the account as the default in a cookie in your browser, so every time you pay with blik in the future, you no longer have to providr the code, you just get a notification. Much easier than cards IMO. Myself, wherever available and even Steam supports Blik nowadays), I prefer to pay with Blik.
Incomes with a downside of course, Visa and Mastercard customer protections (especially chargeback possibility) are better, though I've never had problems with Blik yet.
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abeorch
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Lysergid
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in reply to Blaze (he/him) • • •Szewek
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