SEPA payments with my bank here in Germany typically take 3 business days, not 10 seconds. Reading about it, it seems that my bank doesn't support SEPA Instant Credit Transfer!? I'm not sure if any bank here in Germany does (never looked, though).

No one here can pay for their pizza delivery through SEPA. Intermediaries like PayPal are still needed. I'm baffled that banks can't get their shit together to offer an instant payment solution that works over the internet (ie. no card reader) for small purchases.

What's the problem?