4 ms·
No surprises here. Cards should've been deprecated as a payment method long ago. Brazil's Pix, Netherlands's iDEAL, Poland's BLIK, etc, are all better payment
by _trackno5 4y ago
No surprises here.
Cards should've been deprecated as a payment method long ago.
Brazil's Pix, Netherlands's iDEAL, Poland's BLIK, etc, are all better payment methods that follow a push model (i.e., the customer actively confirms the purchase on their phone) instead of pull model (i.e., I send my card details to the store and it forwards it to the card network).
I really hope the EU gets its shit together and moves forward with TIPS[0]. I would love for this to become a requirement for all banks in the Eurozone.
[0] https://www.ecb.europa.eu/paym/target/tips/html/index.en.html https://www.ecb.europa.eu/paym/target/tips/html/index.en.htm...
- charles_f 4y agoThat's all great till you don't have network, or you're abroad and need to shell out a $15 roaming day pass to pay for a freaking croissant. No thanks. At least the credit card networks achieved some degree of industry standardization. I can pay with my freaking phone and it requires my fingerprint to validate the payment. I'm not clear what lack of convenience you're referring to
- marcosdumay 4y agoWell, I don't see how any of those problems are a reasonable issue for online payments. By the way, most countries still have cash. What is important, because the credit card network is known for going offline once in a while.