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> Had it been a credit card one could do a chargeback based on service not provided. But on a debit card.. good luck. Can you elaborate? I live in europe and b

by lawl 5y ago

> Had it been a credit card one could do a chargeback based on service not provided. But on a debit card.. good luck. Can you elaborate? I live in europe and basically all mc/visa are actually debit cards. Yet i never had an issue with chargeback. In fact they always warn that it may take a long time to process with mc/visa. But the next day the bank refunds me the money tentatively already, presumably because they're confident i'll win?

jjav 5y ago
> I live in europe and basically all mc/visa are actually debit cards. I doubt that is true, can you expand on that with some references? I know there are many cards which are both a credit card and a debit card but that just means two cards in one package. But credit and debit are still fundamentally different networks with different rules. A debit transaction hits your account right away and the money has been taken out. A credit transaction settles later and can be paid from any source, it is not tied to any specific account.
- orangepanda 5y ago
  Its debit cards but with a mastercard/visa logo. Even for big purchases/traveling credit cards are not that common.
srg0 5y ago
> I live in europe and basically all mc/visa are actually debit cards. That's not true. I'd expect that most of the credit cards are MC/Visa, and there are more debit cards in EU than credit cards, and among debit cards there are many debit MC/Visa, but that does mean that "basicall all mc/visa" in Europe are debit cards. Edit. Found some stats. https://ec.europa.eu/competition/sectors/financial_services/IFR_report_card_payment.pdf https://ec.europa.eu/competition/sectors/financial_services/... "Report on the application of Regulation (EU) 2015/751 on interchange fees for card-based payment transactions". Page 24, Fig. 5 and page 25, Fig. 6. Debit cards in EU in 2016: 78% of the transactions are with domestic schemes, 99.5% of the rest were MC/Visa. Credit cards: 68% used domestic schemes, 94.3% of the rest were MC/Visa. It's not the most recent data, but still proves the point. In other words, MC/Visa were used a lot both as credit cards, and as debit cards.

by lawl 5y ago

jjav 5y ago

> I live in europe and basically all mc/visa are actually debit cards. I doubt that is true, can you expand on that with some references? I know there are many cards which are both a credit card and a debit card but that just means two cards in one package. But credit and debit are still fundamentally different networks with different rules. A debit transaction hits your account right away and the money has been taken out. A credit transaction settles later and can be paid from any source, it is not tied to any specific account.

orangepanda 5y ago
Its debit cards but with a mastercard/visa logo. Even for big purchases/traveling credit cards are not that common.

srg0 5y ago

> I live in europe and basically all mc/visa are actually debit cards. That's not true. I'd expect that most of the credit cards are MC/Visa, and there are more debit cards in EU than credit cards, and among debit cards there are many debit MC/Visa, but that does mean that "basicall all mc/visa" in Europe are debit cards. Edit. Found some stats. https://ec.europa.eu/competition/sectors/financial_services/IFR_report_card_payment.pdf https://ec.europa.eu/competition/sectors/financial_services/... "Report on the application of Regulation (EU) 2015/751 on interchange fees for card-based payment transactions". Page 24, Fig. 5 and page 25, Fig. 6. Debit cards in EU in 2016: 78% of the transactions are with domestic schemes, 99.5% of the rest were MC/Visa. Credit cards: 68% used domestic schemes, 94.3% of the rest were MC/Visa. It's not the most recent data, but still proves the point. In other words, MC/Visa were used a lot both as credit cards, and as debit cards.