6 ms·

The Visa/Mastercard duopoly also has a stranglehold on card payment in the EU, though. The big difference is that the EU primarily uses debit cards, which tradi

by crote 2y ago

The Visa/Mastercard duopoly also has a stranglehold on card payment in the EU, though. The big difference is that the EU primarily uses debit cards, which traditionally could not be used for online payment. Whereas the US could just use their credit cards for online payments (thus strengthening Visa's position), the EU banks were forced to develop their own online payment schemes. This made Visa irrelevant almost by accident.

diggan 2y ago
> which traditionally could not be used for online payment. I'm not sure what country the context is, but I remember using my mothers debit card in Sweden somewhere between 2000-2010 for online things without problems, as I only had a Maestro card at that point which didn't allow online purchases.
- crote 2y ago
  The Netherlands, so previously Maestro and currently V-Pay. Those cards don't have a credit card number nor a CVC. It lists my name, my IBAN number (which isn't in any way private), and card replacement number (I'm on card #9 currently, which is a bit weird because this is only the second or third card I've been issued). Are you sure you didn't use your mother's credit card instead? I also have one of these (embossed 16-digit card number, validity, CVC on the back) lying around, but those are the exception here rather than the rule. I literally only use it for things like online services in other countries. I believe with the country-wide switch from Maestro to V-Pay they should now also universally work for local in-store payments, but I don't think many people are actually using it like that - we're at 45 million yearly transactions for 18 million people.
  - diggan 2y ago
    > Are you sure you didn't use your mother's credit card instead? No, 100% sure it was a debit card, as that's the only thing she ever used, and same for me, never owned a credit card in my life, still only have debit cards. The debit cards my mom had and the ones I have now are identical to a credit card (including the 16 digit number, CVC and so on) except the fact that the money gets taken from the account directly instead of paying it at the end of the month (as I think credit cards do?).

by crote 2y ago

diggan 2y ago

> which traditionally could not be used for online payment. I'm not sure what country the context is, but I remember using my mothers debit card in Sweden somewhere between 2000-2010 for online things without problems, as I only had a Maestro card at that point which didn't allow online purchases.

crote 2y ago
The Netherlands, so previously Maestro and currently V-Pay. Those cards don't have a credit card number nor a CVC. It lists my name, my IBAN number (which isn't in any way private), and card replacement number (I'm on card #9 currently, which is a bit weird because this is only the second or third card I've been issued). Are you sure you didn't use your mother's credit card instead? I also have one of these (embossed 16-digit card number, validity, CVC on the back) lying around, but those are the exception here rather than the rule. I literally only use it for things like online services in other countries. I believe with the country-wide switch from Maestro to V-Pay they should now also universally work for local in-store payments, but I don't think many people are actually using it like that - we're at 45 million yearly transactions for 18 million people.
- diggan 2y ago
  > Are you sure you didn't use your mother's credit card instead? No, 100% sure it was a debit card, as that's the only thing she ever used, and same for me, never owned a credit card in my life, still only have debit cards. The debit cards my mom had and the ones I have now are identical to a credit card (including the 16 digit number, CVC and so on) except the fact that the money gets taken from the account directly instead of paying it at the end of the month (as I think credit cards do?).