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Cash is King is Germany. It's rather awkward if you come from a country with heavy card use. It's just weird to carry a few hundred euros in cash in your pocke
by thachmai 11y ago
Cash is King is Germany.
It's rather awkward if you come from a country with heavy card use. It's just weird to carry a few hundred euros in cash in your pocket these days.
- onli 11y agoYou need cash in Germany, but not a lot of it – everything big takes a debit card. That does not help strangers with their credit cards though, so they get the wrong impression.
- germanier 11y agoI pay cash at the bakery, to get a coffee, to load my canteen card at work, and to buy bus tickets in small cities at the driver, that's it. Buying used cars is usually done by cash (even 10k and more). Almost everywhere else you can pay with a German debit card (Girocard). But credit Cards are coming fast to Germany. Since a few weeks even the cheapest supermarkets, including Aldi, started to accept MasterCard and Visa.
- onli 11y agoThanks for correcting, not being there too often currently things like credit cards arriving there I miss. That was unthinkable three years ago.
- germanier 11y agoI was surprised, too. Remember that they introduced cashless payments just ten years ago. I think it has much to do with the EU capping interbank fees.
- mafribe 11y agoI think the real reason is that Germany had working debit cards for a very long time already, there was simply no need for credit cards. Every bank and store was accepting every banks's debit card. Since the big international credit card companies cream of a couple of percent when you pay with a credit card, but German debit cards don't, retail was really reluctant for a long time to accept credit cards.
- denzil_correa 11y agoThe problem with credit cards in Germany is that they don't use 2FA. It's the same old signature system. Even online transactions don't require 2FA.
- germanier 11y agoIt depends on where you get it. Some banks (most notoriously almost all Sparkasse) only give out chip+signature cards. But chip+PIN cards are common as well, just like "Verified by Visa" and such systems.
- denzil_correa 11y ago> Some banks (most notoriously almost all Sparkasse) Coincidentally, I have a Sparkasse credit card without chip+pin. Regardless, there shouldn't be a choice for 2FA.
- mafribe 11y agoThat really depends on the specific bank. I've got a debit card from a Sparkasse with Chip+PIN and 2FA for online transaction for quite a few years.
- denzil_correa 11y agoThe discussion was on "credit" not "debit" card. The "debit" card for Sparkasse does have 2FA but the TAN based 2FA is atrocious. You need to carry a separate device, match diodes to your screen code OR insert at least 4 sets of numbers before you get your 2FA code. Yes, I know you could use SMS but it isn't the best idea particularly if you are traveling. Finally, is the EC Maestro card from Sparkaasse really a debit card? A lot of online merchants would not accept it.
- j_jochem 11y ago>The problem with credit cards in Germany is that they don't use 2FA. It's the same old signature system. Even online transactions don't require 2FA. This is not generally true. My credit cards use PIN when the terminal supports it and only fall back to signature when used with older terminals. I've never heard of online transactions with 1FA auth, most banks use a combination of user login and challenge-response TAN lists or mobile TANs. Special hardware devices that require you to insert your debit card, enter a PIN and have the device read a code directly from the computer monitor using photo diodes are quite common, too.
- rorykoehler 11y agoYes it is quite strange (and annoying) but you get used to it.