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Looking for PayPal alternative in Germany - Bunq, Klarna, Revolut or N26? (feddit.org)

submitted 1 day ago by [email protected] to c/[email protected]

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Hello everyone,

I'm living in Germany and looking for a good PayPal alternative. I mainly need it for:

Sending money to friends
Paying online, especially to small vendors
Ordering food and everyday purchases

I've heard about Bunq, Klarna, Revolut, and N26, but I'm not sure which one would be best for my needs. Has anyone had experience with these services in Germany? Which would you recommend and why?

Thanks in advance!

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[–] [email protected] 16 points 1 day ago (3 children)

wero https://wero-wallet.eu/

[–] [email protected] 5 points 1 day ago (1 children)

It's absurd that this only works if your bank is officially on board. All this really is is a phone number/e-mail to IBAN "DNS". It shouldn't be that complicated.

If I'm gonna have to go through "do you have Wero? No? Would you consider getting it? Oh, your bank is not in on it? That sucks." every time, a normal bank transfer via IBAN is certainly quicker. Free real time transfers are mandatory now anyway.

[–] [email protected] 4 points 1 day ago* (last edited 1 day ago)

that’s exactly how PayID works in australia: in every bank interface you can “pay to” email addresses, phone numbers, ABN (australian business number) and a whole range of things, and it’s implemented as essentially a DNS of those things to our version of IBAN - it works great! and some banks automatically give you an @ (up bank for example has [email protected]) associated with your account, orrrr services to pay bills sometimes have @

i was just in europe and did some bank transfers and received - both with european bank accounts - and was pleasantly surprised that it was instant!

these 2 things combined in australia means we don’t have these shit middle-men and it’s all insured etc the same as any old money transfer (because it is) and you’re not relying on some “totally not a bank so we don’t follow banking regulations”

[–] [email protected] 3 points 1 day ago

I am currently using N26, which seems not supported. 😔

Maybe I should switch away from N26... I don't like them anymore.

[–] [email protected] 7 points 1 day ago (1 children)

Thanks for suggesting Wero! I tried it out, but unfortunately, they're incompatible with my bank (Deutsche Bank). It does seem super cool, though! I'll follow their progress and hope they add support soon. I appreciate the recommendation.

[–] [email protected] 9 points 1 day ago* (last edited 1 day ago)

Deutsche Bank folgt im kommenden Jahr (Deutsche Bank will follow next year)

Edit: The post is from November 2024, so I assume that next year means 2025.