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Neither do debit card payments. Which almost everyone uses here in my part of the EU. Also, the idea of doing a chargeback for something here, is totally alien
by skeletal88 6y ago
Neither do debit card payments. Which almost everyone uses here in my part of the EU.
Also, the idea of doing a chargeback for something here, is totally alien to the people in my surrounding countries.
Chargebacks and distpute resolution and all that stuff is just something people in the us rely on, because using credit cards makes fraud easy. If I use my chip and pin card, then I can be sure that I did the payments. If I rely on a number printed on my card that I have to give someone, then fraud is just too easy.
I wish all online credit card transactions would use 3D Secure, but for some reason they don't.
The same for when people complain that european bank cards don't have any cashback or other "free" stuff associated with them. People don't realise, that they themselves are paying for that, no? I'm really glad the EU legislated caps on card transaction fees, because moving some bits around can only cost so much.
- oarsinsync 6y ago> Neither do debit card payments. Which almost everyone uses here in my part of the EU. Also, the idea of doing a chargeback for something here, is totally alien to the people in my surrounding countries. Debit cards come with chargebacks. Chargebacks are a feature provided by the payment networks themselves, so it doesn't matter whether you're using a credit or debit card.
- littlestymaar 6y agoThere are European countries were chargeback exists (and I wouldn't be surprised if it was the majority of them actually). > I wish all online credit card transactions would use 3D Secure, but for some reason they don't. You realize it's the same kind of “free stuff that comes with a hidden cost” you are complaining about in your rant don't you?