Is it better to trust online transfer services or stick with a bank?

Question

Lots of people are switching to online banking or some alternative payment services. But aren’t banks safer? Sure, maybe you have to wait or pay a bit more, but isn’t that worth it?

RichPuffin9762 · Answer

Why do you think payment services are less reliable? They’ve got the same licenses and everything is regulated. Sure, there are probably sketchy options, but even among banks, not all of them inspire my trust. Basically, services like KoronaPay https://koronapay.com/transfers/europe/en/landing/de-tr/ seem totally safe and convenient to me. And yeah, I agree speed is everything now, and transfers through this service are super fast.

Koltz · Answer

Nowadays we value speed and quality. And alternative platforms and services can offer that. The faster, the better. No one likes waiting, which is why banks are becoming less popular.