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#wiretransfer

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@alda OFC said Credit Card systems are in fact built up of a.lot of vanue-removing middlemen between the issuer and the main payment systems provider, including regional and national sublicensees...

  • I mean, there are some national-only "comeptitiors" like #girocard but they completely fall on their face when it comes to #OnlinePayment.

And whilst #SEPA #WireTransfer is available on almost all domestic [#EU]-wide shops, #InstantSEPA (wthin 1 hour) is not always available and it can take up to 3 bank days to get transfers finalized at the recieving end.

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@scruss

Yup! Trying to do any sort of transaction directly with another party was a nightmare in Canada/USA. Europeans just say "Well, just enter your IBAN, what's difficult?"

Institution number? Routing number? Account number? Everything's the wrong number of digits, which of these need to be padded? What do you mean I have to put my bank, then some other bank I've never heard of, and then finally J.P. Morgan in NYC onto this wire transfer form? etc etc

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@Chiquidrakula @COSAntiFascists @iris @Em0nM4stodon @cryptoparty@mastodon.earth @cryptoparty@chaos.social @thunderbird

#FACT: It's not real #E2EE unless you have100% #SelfCustody of all the keys!

Thus the correct way as #monoclesMail says is to use your own client and keep your keys to yourself.

Now OFC, monocles charge €2 p.m. for their starter account but they also accept #SEPA #WireTransfer, #Monero, #CashByMail, #Stripe and #PayPal for #payments, so it's pretty flexible and affordable given they don't put #ads in your #inbox or invade user privacy!

docs.monocles.eumonocles mail - monocles Documentation

@zdl @evacide that any the fact that @signalapp is incorportated in the #USA, making them susceptible to #GDPR & #BDSG-incompatible #cyberfacist bs like #CloudAct.

Remember: #KYC IS THE ILLICIT ACTIVITY when it comes to #Communication!

Compare that to @monocles / #monoclesChat which don't demand any PII or KYC and allow people to pay for their services with #Monero and #CashByMail besides #SEPA #WireTransfer, #Stripe & #PayPal whilst supporting both decentralization (#XMPP is not a #SingleVendor / #SingleProvider solution!), implementing real #SelfCustody (#OMEMO, #OTR & #PGP is supported out of the box) for all the keys, and proper #Anonymitiy (using @torproject / #Tor & @guardianproject #Orbot for #privacy), so in case they ever get a duely sumitted warrant by a court they'd have to comply with, they'll most likely have no data whatsoever on clients that could allow identification.

  • And that is a good thing, because whilst very unlikely, one cannot exclude the non-zero chance of i.e. #MLAT|s being filed with knowingly false information by 3rd countries.

Also having no PII is a matter of reducing #liability in the sense of #DataProtection: All data requested and by #monocles is the bare minimum mandated for #accounting (i.e. only linking a payment like a #TxID / Transaction-ID to an account and then adding up validity/activation period).

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@aborigen the evenbshittier part is when one can't avoid #ValueRemoving #Middlemen like #Stripe or #PayPal because even big-ass #GAFAMs are either unable or unwilling to facilitate #SEPA #WireTransfer|s instead.

  • Which is really absurd because those are cheaper, faster and simpler.

My recommendation would be to go with #NowPayments (yes they also settle in fiat!) cuz they have no issues re: NSFW content.

  • Sadly #Monero is the only truly global payment option on the market.
NOWPaymentsAccept crypto payments for freelancers, content creators and tradersBoost your making money online by accepting crypto payments. Ideal for freelancers, content creators, and traders, crypto offers fast, secure transactions, lower fees, and global reach. Enhance your payment options and attract more clients today!
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@mina @Nickiquote not only that, but anything that even closely resembles #cash in terms of #anonymitiy anf #fungibility like #Monero gets criminalized.

  • Not to mention cash just works and IMHO curbing on it's use is inherently bad, to the point that I thing the #ECB should make an #ES2 version of the #500EuroBanknote as the rising #Greedflation makes it more "necessary" than before...

People who argue one doesn't need cash because #card and #NFC #payment and #SEPA #WireTransfer exist would also argue people don't need #PressFreedom because they can write #LettersToTheEditor...

  • TBH I think that cash should be enshrined as acceptable payment methods, as the only exceptions I know [i.e. #RealEstate and #CarRental] are grounded in #security concerns:

Most car rental places don't want to handle cash and demand #KYC for insurance reasons and most banks and notaries (who also have to do KYC & #AML anyway!) have less money onsite than the average Supermarket has in a single cash drawer and don't like having that much stuff onsite anyway.

Phony Bishop Fernandes social media accounts seek money, personal favors - Stephanie Thompson

COLUMBUS, Ohio (WCMH) — The Catholic Diocese of Columbus is warning parishioners about fake accounts impersonating Bishop Earl Fernandes on social media.

An article on "The Catholic Times" website described some of the alarming activity associated with the phony profiles including requesting funds from online followers.

“We were made aware of several social media accounts that were impersonating him, asking people directly for money, or to do personal favors, directly through messages,” Andrew Zuk, the associate director for the Office of Communications said in the notice.

Ransomware group claims Columbus attack, selling 6 terabytes of passwords and more

According to Zuk, the accounts might seem legitimate with “general, positive Christian messages" being posted and similar direct messages sent to users. The connection often begins with a “friend request.”

“They will hook people in by sending a general, positive message, and then, after that, saying, ‘I need money now, personally; here’s this link to gift cards. Could you send me a wire transfer?’" said Zuk.

"Typically, it’s in the thousands-of-dollars range, and it’s a message of urgency, which is typical among fraudulent accounts. They’ll make a sense of urgency – a false sense of urgency – to whomever they’re trying to scam so that person acts quickly and doesn’t have enough time to think about it.”

The apparent victims of the scammers are said to be "older adults or retirees" who are sometimes perceived to have "less technology experience."

Red flags for imposter accounts include incorrect spelling and poor grammar.

“I want to emphasize that fraudulent accounts that are impersonating somebody like Bishop Fernandes will typically pressure somebody to take action, whether it’s giving personal information, asking for money or meeting in person,” he said.

“We’ve reported it," said Zuk. "We’ve asked anybody who sees these accounts to report them and to not click any links that they might have.”

Takeover of Fort Rapids water park looms as warrant issued for owner’s arrest

Anyone who identifies a fake account should report it using Facebook's tools. Individuals are also requested to "contact the Diocese of Columbus in the event of receiving an odd request online from an individual who appears to be a diocesan employee."

Bishop Fernandes’ official accounts online are Facebook.com/Bishop.Earl.Fernandes and Instagram.com/BishopEarlKFernandes.

The “Columbus Catholic” official Diocese of Columbus social media accounts are Facebook.com/cbuscatholic and Instagram.com/columbuscatholics. Information about other profiles can be verified on these accounts.

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@SpaceLifeForm TBH, all #currency - even antique #metal #coins - is based off #fungibility.

  • That's why #BurgerKing in #Germany accepted #USD and not just #Euro and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).

The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.

  • And that fungibility is why the #USD is even relevant and why the #Euro is stable: Because you can actualy buy shit with it.

#Gold, #Silver, #Platinum and even #Copper are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than #Monero and with the exception of Copper there had been Mass #Confiscations aka. state-based #theft of these per law.

So if you want to sell me on some #RareMetal #investment scheme: Please fuck off!

If not, disregard the last sentence...

Thanks.

Freelance life can involve some uncertainty about when a client will pay out an invoice, but the wait after that funds transfer commences should be minimal–unless the client sits on the other side of an ocean, in which case I’ve lately found myself thinking that it might be faster for the other company to hand an envelope full of cash to a courier.

I wish I knew why this were so. But while credit and ATM cards work overseas as if I were in a 51st state of America, international interbank transfers via the SWIFT network have become snakebit for me.

As far as I can figure out (which is very little), the problem may be rooted in my keeping a business banking account at a small, local institution that does not have its own alphanumeric SWIFT code. After many years of the occasional international wire landing in my account without incident (don’t ask me how), I had a couple of clients insist on a SWIFT transfer.

Not wanting to dump the bank that I’ve relied on since 2011, I first took advantage of a lucrative sign-up offer for a no-fee account at an online-only business bank called Brex. But after three successful SWIFT transfers, I not only had two subsequent attempts fail but learned afterwards that the bank had somehow charged the client €20 each time for this opposite of service. (The client was not amused.) And then Brex closed my mostly-dormant account as part of a decision to focus on startups at “some level of scale”.

The latest round of attempts have involved another online business bank, Mercury, that also touted no fees to receive international wire transfers via SWIFT. But when I sent a different client a PDF of this bank’s detailed and personalized instructions–they include three different account numbers or codes to account for the “receiving bank” that relays the wire transfer to the “beneficiary,” the bank you actually use–the money never reached me.

Two other attempts failed as well, one involving yet another U.S. bank account, each time after more than week of waiting to see if the money might materialize. After some back-and-forth banter over e-mail, I then learned that the client’s own form to send an international wire doesn’t seem to include fields for some of those account codes or numbers. This has me wondering if the issue here might be that the client’s systems assume the U.S. institution won’t need a receiving-bank intermediary (which seems to be the case with the largest American banks), but we’re still figuring this out.

I have also since learned through online and offline conversations that it’s not just me finding SWIFT a frustratingly fragile funds-transfer mechanism. From chats with friends, it seems that my best option might be Wise, originally known as TransferWise–assuming a client uses that company’s services. I’ve also had quick international transfers via PayPal, but they came at a price in commercial-transaction fees that eat up about 5%.

It’s enough to make me question how international commerce is even possible–and to make me wonder if I’ve gotten trapped inside an ad for cryptocurrency services.

https://robpegoraro.com/2023/12/21/yet-another-first-world-problem-getting-payments-from-clients-overseas/