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Credit cards will never disappear as long as they offer the ability to chargeback if the goods are unsatisfactory, and competing systems do not offer that.
by jellicle 8y ago
Credit cards will never disappear as long as they offer the ability to chargeback if the goods are unsatisfactory, and competing systems do not offer that.
- newhere420 8y agoIn the UK, debit cards can chargeback. While this is currently implemented over MasterCard/Visa network, it's the bank that performs it and there's no reason to expect that would change if something replaced the plastic. Something similar (but not quite identical) exists for direct debits called the direct debit guarantee.
- BillinghamJ 8y agoThey already are disappearing in the UK. None of the new banks are offering credit cards.