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Gladly this is changing too. I have a webshop in switzerland and only like 10-20% pay with credit card or paypal. This is getting less every year. We have inst

by herbst 6y ago

Gladly this is changing too. I have a webshop in switzerland and only like 10-20% pay with credit card or paypal. This is getting less every year. We have instant payments without heavy fees for both parts as swiss exclusive solution (twint) and online banking (normal eu transactions) are easier than ever with modern banking apps. The main reason to have a credit card around here is using foreign online services. I know many people that simply never got one, because no need. I am sure other countries go similiar paths.

CaptainZapp 6y ago
> The main reason to have a credit card around here is using foreign online services. I'd argue that's the much smaller part than cards used for travelling. (At least that used to be the case and will again be the case). Try renting a car, or checking into a hotel without a credit card. Booking an airline ticket with cash may also provide you with extended attention by security personnel.
- herbst 6y ago
  Well we have access to prepaid/throwaway credit cards that dont need deep verficiation below 10k/year. Most people i know use these for travelling, however booking in Europe or asia usually has a pay in cash option and the cc is only for verfication. And renting cars is kinda unusual if you travel europe or asia.
jjeaff 6y ago
How does that work? Is it like an ACH transfer between bank accounts? And what about fraud, are customers able to charge back? If those customers get their account stolen, who eats the loss?
- herbst 6y ago
  Yes just like that. Takes between a working day and a few hours depending on the bank policy. There basically is no fraud. At least i never was involved in a case. European banking is well protected with different tan systems. As well as insuries usually including bank fraud afaik. Edit:// The only fraud issues i have are with credit cards.

by herbst 6y ago

CaptainZapp 6y ago

> The main reason to have a credit card around here is using foreign online services. I'd argue that's the much smaller part than cards used for travelling. (At least that used to be the case and will again be the case). Try renting a car, or checking into a hotel without a credit card. Booking an airline ticket with cash may also provide you with extended attention by security personnel.

herbst 6y ago
Well we have access to prepaid/throwaway credit cards that dont need deep verficiation below 10k/year. Most people i know use these for travelling, however booking in Europe or asia usually has a pay in cash option and the cc is only for verfication. And renting cars is kinda unusual if you travel europe or asia.

jjeaff 6y ago

How does that work? Is it like an ACH transfer between bank accounts? And what about fraud, are customers able to charge back? If those customers get their account stolen, who eats the loss?

herbst 6y ago
Yes just like that. Takes between a working day and a few hours depending on the bank policy. There basically is no fraud. At least i never was involved in a case. European banking is well protected with different tan systems. As well as insuries usually including bank fraud afaik. Edit:// The only fraud issues i have are with credit cards.