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>or maybe banks colluding to protect their interests? Mostly banks and retailers colluding together to use a cheap domestic-only POS-only scheme (think Przelew
by thesimon 7y ago
>or maybe banks colluding to protect their interests?
Mostly banks and retailers colluding together to use a cheap domestic-only POS-only scheme (think Przelewy24, but offline or LINK but at POS).
- rswail 7y agoHardly "collusion" that most nations have some form of debit payment system that is independent of the Visa/MC networks.
- lxgr 7y agoYes, but in most countries, such debit cards are co-branded with Visa or Mastercard to make them usable abroad or online. In Germany, most banks still see these use cases as an opportunity to upsell their loyal customers on their expensive credit card products (not in terms of interest really, but rather because of high monthly and foreign use fees).