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Debit networks are wholly separate from Visa/Mastercard, different ballgame entirely. You get to deal with a few hundred tiny debit networks that replace Visa/M
by posguy 10y ago
Debit networks are wholly separate from Visa/Mastercard, different ballgame entirely. You get to deal with a few hundred tiny debit networks that replace Visa/Mastercard/Amex/Discover for processing the payment.
Centurylink has your name/address/SSN and can cut your services off at a whim if anything happens, so fraud would be inadvisable.
- AlphaSite 10y agoUS debut networks. UK debit is via Visa, MasterCard etc typically.
- posguy 10y agoEurope is a whole different ballgame, Visa itself runs multiple networks, and you've got heavy regulation kneecaping debit at 0.2% for interchange, and 0.3% for credit card interchange. Competition takes different forms, but it is a pretty fragmented market in the EU.