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That's for credit cards, debit cards penetration is much higher, my guess from working in a big fintech previously is that around 85-90% of people with a bank a
by piva00 3y ago
That's for credit cards, debit cards penetration is much higher, my guess from working in a big fintech previously is that around 85-90% of people with a bank account in the EU have at least a debit card.
- FeepingCreature 3y agoHowever, debit cards are not credit cards or compatible with credit cards, so I'm not sure what the relevance of your point is.
- nicolaslem 3y agoSure on paper they are different things and they both involve different parties but in practice both are accepted everywhere. I never had a credit card but I have been using debit cards for decades and only twice an actual credit card was required: for booking a hotel abroad and for renting a car abroad.
- FeepingCreature 3y agoFor physical payment, sure. Lots of websites still only accept Visa/Mastercard.
- diggan 3y agoI've been online in various ways since 2000s sometime, and have never stumbled upon a website/service/shop that doesn't accept my debit cards (which are Visa and Mastercard). Are European debit cards maybe somehow different than US ones, and the experience differs between the two?
- alphabettsy 3y agoYes, European debit cards often don’t use Visa or Mastercard. That’s changing though.
- FeepingCreature 3y agoI didn't even know there was such a thing as a Visa debit card. I have never seen a Visa/Mastercard debit card in my life. My debit card supports SEPA and Giropay. Which... many websites don't. (I remember when Steam got Giropay support one day, that was a pleasant surprise.)
- piva00 3y agoIt's less common in Germany but, for example, Deutsche Bank do offer a Visa debit card. Sparkasse offers Maestro and Mastercard debit cards, etc.
- diggan 3y ago> I didn't even know there was such a thing as a Visa debit card Sure does! Just signed up with BBVA some months ago and got a Visa debit card from them called "Aqua". https://www.bbva.es/en/personas/productos/tarjetas/tarjeta-debito-aqua.html https://www.bbva.es/en/personas/productos/tarjetas/tarjeta-d...
- piva00 3y agoIn 99% of the places I can use my credit card I can also use my debit card, online or offline (well, except in Germany with their EC cards and stuff) that's the relevance of my point...
- IshKebab 3y agoThey point is that they probably also accepted debit cards, not just credit cards. The only places I've found that only accept credit cards are hotels.