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A potentially malicious third-party selling your financial transaction history is not the best choice... by far.
by digisign 5y ago
A potentially malicious third-party selling your financial transaction history is not the best choice... by far.
- throwaway894345 5y agoI wasn't arguing in favor of Venmo, but are VISA and MasterCard really better options in this regard?
- digisign 5y agoThey are required for the CC transaction, this adds an additional player that should not be necessary. In civilized countries they have direct bank to bank transfers.
- Apocryphon 5y ago"Civilized" countries?
- deleted 5y ago[deleted]
- namibj 5y agoLike the euro countries with IBANs?
- digisign 5y agoNZ and similar has had bank to bank payments for ...decades?
- namibj 5y agoFee-less and effectively instant? That's the state we are at, now, though it doesn't work for all banks due to the separate clearing system for instant transfers. Normal transfers just take a bank day delay if you're unlucky.
- digisign 5y agoYes, though I actually prefer non-instant... at least once I fixed my bill-pay amount before it cleared at 10pm that evening.
- namibj 5y agoOh sure, that instant effect is more important for transactions where you don't feel like waiting for it clearing before getting the "reward". Say, being able to buy at an online shop before noon to get it shipped the same day, without any credit history or such required.
- Thrymr 5y agoThat don't require tipping?
- throwaway894345 5y ago> In civilized countries they have direct bank to bank transfers I'm sure whatever country you're from (or otherwise alluding to) is a fine place, no need for the transparent insecurity. :) Narrowly, I agree that secure (and fee-less) bank-to-bank transfers would be preferable to CC. > They are required for the CC transaction, this adds an additional player that should not be necessary. We're positing a situation where CC's aren't available, so it's not an additional player but rather a different player.
- digisign 5y ago>> CC's aren't available A misstatement by me, still they are extra to what should be a bank to bank matter.
- throwaway894345 5y agoNo argument from me here. I would like to see better financial infrastructure. Specifically the idea that VISA is permitted to collect a 4% sales tax on virtually everything is a real bummer.
- digisign 5y agoCome to think of it, perhaps I was thinking that since most folks would rather have/trust a credit card, an additional path is just that, somewhat redundant.