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Debit is the standard in my country for pretty much everything... Holds aren't actually common and even most hotels ask you to pay the room in advance for short
by donkeyd 3y ago
Debit is the standard in my country for pretty much everything... Holds aren't actually common and even most hotels ask you to pay the room in advance for short stays. It's a very different world and something like credit card debt isn't as prevalent here.
- chasil 3y agoDisputing a charge on a credit card is also a very different experience from using debit. "In a credit card dispute, the credit card issuer may issue a chargeback, which means that the disputed funds are taken from your merchant account and returned to the cardholder. With debit card disputes, the disputed funds are typically frozen in the cardholder's account until the dispute is resolved. This means that you may experience a cash flow impact with credit card disputes, while debit card disputes may have a more immediate impact on the customer's access to their funds." https://www.chargeflow.io/blog/credit-card-dispute-vs-debit-card-dispute https://www.chargeflow.io/blog/credit-card-dispute-vs-debit-...
- donkeyd 3y agoYeah, debit disputes hardly every happen. Debit over here is only used with a card present that has a chip. Any transaction over €25 (I think) requires a code. Skimming is virtually non existent and 'card not present' debit transactions don't exist. Like I said, it's a very different world when it comes to payments over here. Apps like Cash App of Venmo are also don't really exist, for example, because banks already provide similar functionality in their apps without transaction fees.