3 ms·
German here, can confirm, basically nobody has a credit card, and all the big online services take non-credit payment now.
by FeepingCreature 4y ago
German here, can confirm, basically nobody has a credit card, and all the big online services take non-credit payment now.
- morelisp 4y agoGerman CC ownership is something like 33%. It's low compared to similar economies but it's hardly "nobody" and nobody is surprised when an online store only supports CC payments. (Also, German companies that want to offer CC-less payments on items this large and with a subscription cost probably most commonly also support actual bank transfers.)
- FeepingCreature 4y agoI can't find a good primary source for that stat. Got a link?
- morelisp 4y agohttps://www.bundesbank.de/en/publications/reports/studies/payment-behaviour-in-germany-in-2021-894118 https://www.bundesbank.de/en/publications/reports/studies/pa... says it's actually up to 54% (including prepaid, 7%) in 2021. What I would say is most unusual in Germany is the number of stores that don't take CCs, or even don't take any cards. People don't use them, but they have them.
- FeepingCreature 4y agoThanks a bunch! I definitely underestimated the amount. Important to note that 80% of those are what the study calls "charge cards", which is 'credit cards' that resolve against an associated debit account. Not sure if those even allow overdrawing it. And 82% prefer paying with a debit card rather than credit if given the option, which indicates to me that this is a mere reaction to the online prevalence of credit cards which will go down as stores offer more non-credit card options. (As we can see by the slight reduction in '21.) In other words, I believe this prevalence represents a desire to be able to interface with websites, rather than a desire for credit. People largely don't own a "credit card" so much as a "debit-VISA adapter."