And this is why platforms are nice yet cutting the middle man is important. There was a time before walled gardens.
You kinda need a payment processor unless you want people to start mailing cash in the post.
Before people ruined it this was one of the ideas behind crypto
I hate so much everytime I remember what cryptocurrency was supposed to be and what has become.
For a little while I bought coffee and strawberries with Bitcoin back more than 9ish years ago. It was pretty cool easy with the first apps.
Worked well.
I got some works my a couple of contracts. So not so much Fiat was needed. Only later.
If nothing else it’s a bit of a faff. But again you’d need someone to convert it to fiat for it to be useful in every day life, which isn’t super removed from a payment processor. It’s pretty much difficult to get away from a middleman somewhere.
The idea is it becomes the fiat
Direct bank transfers. Those are a thing.
p.s
They commented, I replied. Is it that exotheric of an idea? I can transfer money anywhere I want, to any bank account. You want to support someone, send them money directly.
There was a world before PayPal.
That’s still a payment processor; just now you’ve completely deanonimized both parties.
What is this? Mafia? If you have my account number that is it. You can send me money but you can’t get anything out of it.
Widely sharing your bank details isn’t usually considered a great idea.
My bank number account is a string of numbers. Besides the country and bank entity code, no other information can be obtained and no movements can be ordered on it by a non titular.
Money can be transfered in but the account can’t be moved by anyone but the titular.
You’d be happy to post it on Lemmy with any required routing information?
If I was a creator of content, looking to have a direct way for people to support me, yes.
Are you interested in sponsoring my idiocy? Save your hard earned income; I wouldn’t pay myself.
A simple no would’ve done.
Good morning! I apologize for leaving this hanging yesterday.
I am aware that making account numbers is highly unadvised by banks but I do know as well special accounts exist for public facing entities and professionals where withdrawing from it requires a very long and tedious process, with several security steps and verifications.
There is a local foundation that almost plasters their windows with poster with their IBAN. Local sports clubs do the same. The opportunities for malicious actors are plentiful, yet these entities do it, safely.
I don’t doubt you can point me to some security flaw or loop hole but, getting back to the where this conversation started, cutting the middle man out should be a priority.
Those same payment processors can unilaterally change their terms of service and deny creators of their income. Paypal has done it. I wonder who else.
In my country I already have a transfer subsystem where I can give you my phone number and you can use it to transfer money directly to me. All national banks are part of and own that system.
Fintechs are shady or have too many strings attached.
Nice to meet you.
