Summary of Reddit comments related to "ecommerce america"

American banking vs. the world

American banks are noted for not using the same international banking protocols as most banks globally, leading to higher fees and longer processing times for transfers.
In the US, sharing bank account numbers is generally not considered a security risk, unlike in some other regions like the EU.
Peer-to-peer transfers in America are often done through third-party apps like Venmo, Cash App, Apple Pay, PayPal, or Zelle due to convenience and safety.
Autopay for recurring charges like rent and utilities is common in the US, making bill payment more convenient.

Third-party apps for money transfers

Zelle, PayPal, Venmo, and Cash App are highlighted as popular third-party apps for peer-to-peer transfers in the US. They provide a faster, safer alternative to traditional bank transfers.
European payment systems like iDEAL in the Netherlands and Sweden's Swish are also mentioned, showcasing the differences in payment methods between regions.

Effects of inflation and financial struggles

The potential impacts of high inflation and financial struggles are discussed, with the view that extreme inflation could lead to dire consequences like bank deposits becoming worthless.
Recommendations are given to focus on hard goods that have already consumed energy for protection against hyperinflation.

Entrepreneurship struggles and lessons

A personal story is shared about struggles in entrepreneurship, including trying various ventures and facing setbacks related to get-rich-quick schemes.
The importance of perseverance, focusing on one industry, and understanding the true nature of entrepreneurship are emphasized.
Advice is given to find a passion, understand the industry, and pursue gradual growth rather than quick success.
Blue Ocean Strategy is recommended for understanding differentiation and market gaps in entrepreneurial pursuits.

Miscellaneous interesting facts and opinions

Various comments discuss personal experiences in entrepreneurship, failures, copyrights, and lawsuits, highlighting the challenges and lessons learned.
Aspects like arrognance, the American dream, grammar skills in communication, and the need for adaptability in changing game boards are also touched upon.

Overall, the discussion covers a wide range of topics including banking systems, payment methods, financial challenges, entrepreneurship struggles, and personal experiences related to money transfers and business ventures.