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When using the girocard there's two ways the retailer can take the amount. Either instantly, or using Lastschrift. The latter is cheaper, but the retailer doesn
by amaccuish 5y ago
When using the girocard there's two ways the retailer can take the amount. Either instantly, or using Lastschrift. The latter is cheaper, but the retailer doesn't have the guarantee that your account actually has sufficient balance to pay. If I remember correctly, the latter method requires you to sign the receipt.
- ThrowAwayIRUK 5y agoActually, in the first case, its not instantly take, instead it is marked as a "abgesicherte laschrift", which is equivalent to enter card+PIN, meaning you can't revoke those. Though, sure you can, but it will end up with nice discussions with your bank :)
- KarlKemp 5y agoYeah, that's where the fun algorithms trying to predict reliability from the set of products you're buying comes in... It's getting rarer, though. The cost difference is eroding and signing is too slow for supermarket checkout lanes. The tables have also turned and some retailers now earn money from the banks for supplying their customers with cash (i. e. you pay by card and get an extra x00 in cash).