3 ms·
I think most countries have that. CB in France, Interac in Canada, Bancontact in Belgium, etc. But that concept sounds like it wouldn't fare well in the US.
by seszett 8y ago
I think most countries have that. CB in France, Interac in Canada, Bancontact in Belgium, etc.
But that concept sounds like it wouldn't fare well in the US.
- avip 8y agoInterac is for debit transactions only.
- seszett 8y agoAs are all the national payment networks. Interac is a bit different from the others though because I don't think cards usually support both Interac and Visa/Mastercard, while in the European systems they usually do both, with terminals defaulting to the national system and using Visa/Mastercard if necessary.
- PeterisP 8y agoOutside of north america and UK the line between credit and debit is much more muddled - you may have "debit cards" attached to a current account that has a significant overdraft limit; you may have "credit cards" that have 0 credit limit and must be prepaid; and there's no major practical difference and no legal differences (unlike, say, USA).
- alkonaut 8y agoBecause anything reaching the courts that would benefit individuals at the expense of some big industry, seems to always end up with consumers getting the short end of the stick. That’s at the core of so many US issues.