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What are you going on about? Pretty much all European banks issue Visa/Mastercard credit and debit cards (sometimes under their subbrands Maestro and VPay) by d
by izacus 3y ago
What are you going on about? Pretty much all European banks issue Visa/Mastercard credit and debit cards (sometimes under their subbrands Maestro and VPay) by default to pretty much all customers.
Most in-store payment processing goes directly over those two companies still.
- zelphirkalt 3y agoPlus, if you want to buy anything online outside of your own country (in Europe), you will likely have to use a credit card or something like PayPal. Or some other third party, that is connected to your credit card.
- sofixa 3y agoBut the underlying payments network isn't necessarily Visa/Mastercard's. In the case of France, there's Cartes Bancaires https://www.cartes-bancaires.com/ https://www.cartes-bancaires.com/, which you can pay through regardless of your card type (Visa, Mastercard, Amex) as an alternative over paying through the Visa/Mastercard/Amex networks. And of course with GDPR, there are actual restrictions on how Visa/Mastercard can monetise your transaction history, and with banking regulations, how much of a cut they can take.
- pornel 3y agoInterchange fees are regulated in Europe. This prevents this weird inflation of card fees which are then returned via cashbacks.