3 ms·
This is just credit card stockholm syndrome. Nearly all the risk you mention is because of the insane and greedy design of credit cards. In most of Europe, peo
by skrebbel 6y ago
This is just credit card stockholm syndrome. Nearly all the risk you mention is because of the insane and greedy design of credit cards.
In most of Europe, people pay with debit cards and the money goes straight off their bank accounts. If there's insufficient funds, there's no purchase. If the network fails, there's no purchase. If your bank goes bust 5ms before your purchase would clear, there's no purchase. I'm no banker and I'm sure there's some risk somewhere, but it's really not very much.
- daveoc64 6y agoFraud is still possible with debit cards. Chargebacks are also still possible. Disputing them is expensive.
- skrebbel 6y agoFraud is substantially harder because you always need to authenticate payments (above a tiny amount) with a PIN, even when buying online. It's been 2-factor authenticated for 2 decades now.
- bluelu 6y agoThat you only have to pay after 30 days, chargebacks, etc.. they are all in your favor. How do you buy online then? Prepayment? Good luck with that :-)
- pjc50 6y ago? Debit cards also work online. They're part of the same payment networks. "Visa Debit" etc.
- emodendroket 6y agoYou can do that here but in the not-very-rare event of fraudulent use you have less protection and there's zero benefit beyond compensating for not being able to control your own spending. So I can't really see any reason why I'd use it.