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These kinds of problems (swipe fees, etc) is where I believe cryptocurrencies shine. Having a fee payment which is reasonable and fast confirmation times would

These kinds of problems (swipe fees, etc) is where I believe cryptocurrencies shine. Having a fee payment which is reasonable and fast confirmation times would solve this problem immediately removing the need for third parties.

mehrdadn 8y ago
> These kinds of problems (swipe fees, etc) is where I believe cryptocurrencies shine. Having a fee payment which is reasonable and fast confirmation times would solve this problem immediately removing the need for third parties. Isn't this precisely where cryptocurrencies have utterly failed with their high fees and long confirmation times?
cycrutchfield 8y ago
Swipe fees are not a problem that the average consumer cares about at all.
Marsymars 8y ago
No need for cryptocurrencies, this has been a solved problem in various countries for literal decades. See Interac in Canada, Dankort (as mentioned by another poster) in Denmark, and presumably others.
- ckdarby 8y ago
  I'm a Canadian living in Canada. Nobody likes interac, debit only system and sending money to others has crazy fees for small transactions.
  - smnrchrds 8y ago
    Simplii Financial (direct banking subsidiary of CIBC) has unlimited transactions, Interac e-transfers, Autodeposit and Request Money, Interac Flash (contactless payments), and supports Apple Pay, Google Pay, and Samsung Pay, and all these features are absolutely free. Maybe you just need to change your bank.
  - Marsymars 8y ago
    There are a bunch of different things you're listing there, but none of them are really accurate: * Most merchants love Interac, it's far cheaper than credit for them. * Interac hasn't been "debit only" in a meaningful sense in some years, various banks now issue debit cards with Visa/MC fallback for international/online use. * The last few years has seen a proliferation of banks offering free Interac etransfers. There's no reason anyone now needs to pay for etransfers or for a bank account.
Nursie 8y ago
This is where government regulation shines - 0.3% max fee in the EU
- pandasun 8y ago
  Ah that explains why I was put on hold for 1 hour and 20 minutes when I called Visa Customer Service in France.
  - Nursie 8y ago
    Visa have a customer service line? (Serious question) The only time I've ever interacted with them directly was a job interview for a role in their UK office in Basingstoke (I didn't take it). If I had a problem with my card I'd call my card issuer. Not VISA. Why would you have to talk to them?
- WorkLifeBalance 8y ago
  And only 0.2% for debit cards.

mehrdadn 8y ago

> These kinds of problems (swipe fees, etc) is where I believe cryptocurrencies shine. Having a fee payment which is reasonable and fast confirmation times would solve this problem immediately removing the need for third parties. Isn't this precisely where cryptocurrencies have utterly failed with their high fees and long confirmation times?

cycrutchfield 8y ago

Swipe fees are not a problem that the average consumer cares about at all.

Marsymars 8y ago

No need for cryptocurrencies, this has been a solved problem in various countries for literal decades. See Interac in Canada, Dankort (as mentioned by another poster) in Denmark, and presumably others.

ckdarby 8y ago
I'm a Canadian living in Canada. Nobody likes interac, debit only system and sending money to others has crazy fees for small transactions.
- smnrchrds 8y ago
  Simplii Financial (direct banking subsidiary of CIBC) has unlimited transactions, Interac e-transfers, Autodeposit and Request Money, Interac Flash (contactless payments), and supports Apple Pay, Google Pay, and Samsung Pay, and all these features are absolutely free. Maybe you just need to change your bank.
- Marsymars 8y ago
  There are a bunch of different things you're listing there, but none of them are really accurate: * Most merchants love Interac, it's far cheaper than credit for them. * Interac hasn't been "debit only" in a meaningful sense in some years, various banks now issue debit cards with Visa/MC fallback for international/online use. * The last few years has seen a proliferation of banks offering free Interac etransfers. There's no reason anyone now needs to pay for etransfers or for a bank account.

Nursie 8y ago

This is where government regulation shines - 0.3% max fee in the EU

pandasun 8y ago
Ah that explains why I was put on hold for 1 hour and 20 minutes when I called Visa Customer Service in France.
- Nursie 8y ago
  Visa have a customer service line? (Serious question) The only time I've ever interacted with them directly was a job interview for a role in their UK office in Basingstoke (I didn't take it). If I had a problem with my card I'd call my card issuer. Not VISA. Why would you have to talk to them?
WorkLifeBalance 8y ago
And only 0.2% for debit cards.