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With Visa/Mastercard... debit and credit cards you get some purchase protection. With those direct bank transfer systems you don't. Have you never done a charg
by pasttense01 3y ago
With Visa/Mastercard... debit and credit cards you get some purchase protection. With those direct bank transfer systems you don't.
Have you never done a chargeback on a credit card? With Fednow, UPI etc you can't.
- cubefox 3y agoCredit card companies are highly profitable, meaning that people spend significantly more money on credit card fees than they save through purchase protection. So it's not worth it. Especially not in cases where it replaces cash, which also has no chargeback.