I'm sorry SEPA is pull based? IDK in other countries but in Spain is pretty common to use it for push and pull operations. I certainly do, and everyone I know. The only nuisance is that requires an IBAN number and most Banks require a security ritual which is pretty boring.
I didn't know that there's high fraud in SEPA either. Whoever tries to charge me, I can block em and contact my bank to make em know I didn't allow such charge, and in my case, when that happened (only once in my life) they handled everything and I got my money back.
> most Banks require a security ritual which is pretty boring
This varies significantly by country and bank. At my bank I can authorize transactions (up to a preconfigured amount) just with my fingerprint, and it takes like 5 seconds.
Yeah I think the pull based is not that common (usually for standing orders, and most of the time it's intra-country, through it works cross) but the push mode is also very popular
Having recently-ish moved to Spain, I think both push and pull are fairly common. Both my health insurance premiums and phone/ISP bills are just taken from my account each month.
Sometimes larger transaction (buying a mattress for example) seem to SEPA push based, but I don’t do a lot of one off transfers (using SEPA).
It does seem like Bizum has taken over for person to person transactions, though. Even some companies are accepting Bizum for online payments, and I’ve seen some small shops posting a QR code for their Bizum at the checkout counter.
I didn't know that there's high fraud in SEPA either. Whoever tries to charge me, I can block em and contact my bank to make em know I didn't allow such charge, and in my case, when that happened (only once in my life) they handled everything and I got my money back.