The chip and pin terminals are now cheaper than the magstripe ones ever were (about $60) and are accessible to many more businesses, even those that don’t have

The chip and pin terminals are now cheaper than the magstripe ones ever were (about $60) and are accessible to many more businesses, even those that don’t have multi year trading history with their bank. It’s absurd to say they could be used in many more places… I literally do not carry cash for the last 6 years or so. Prior to chip&pin many small restaurants and cafes could not get a magstripe terminal from their bank. I’m curious what you mean by “worked better”? I haven’t used magstripe for a decade at least but can’t say I’m nostalgic for the experience.