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In general I'm all for free and European systems, but SEPA payments imo still have pain points:

- you can send money to companies and individuals alike. It's easier to trick people into fake shop payments, a card payment provider requires at least a bit it verification/registration

- it's really hard to dispute/call back sepa payments. The card companies often step in there afaik

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The name of the recipient is displayed, and since last October it is also verified against the owner of the receiving bank account. The bank explicitly warns you if they differ. Also, you can't open a bank account anonymously, there is KYC.

You can't dispute or call back SEPA INST payments. But you can't dispute cash payments either. This is just fine for most day-to-day transactions, I don't need insurance when I buy groceries or pay the taxi driver.

This. Even online, most transactions I do are with known reputable businesses subject to strict consumer protection laws. I have never in my life had to do a credit card chargeback.

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