this post was submitted on 05 Apr 2025
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[โ€“] [email protected] 2 points 1 day ago* (last edited 1 day ago)

I know that both Portugal and The Netherlands also have their own local systems, but you can't really use the system of one country in another country.

The only country in Europe which I know for sure doesn't have its own local payments system is the UK, though it would not surprise me if there are others.

What's really needed is some sort of pan-european payments system, ideally one which also gets accepted in the rest of the World. The closest we have to it at the moment in the EU is that you can do normal (so called SEPA, if I remember it correctly) bank transfers to any account at any bank in the EU, all for the same cost (generally free) independently of it being in the same country or across borders, and quite a number of retailers all over Europe do accept payment via bank transfer, but that's not an actual payment system, it's a bank transfer system that you sometimes can use to pay an online order from a retailer.

As things stand now, if for example from my Portuguese bank account I want to buy something from an online store in Germany, the payment has to go via Visa (Mastercard isn't really common in Portugal)