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I'm German, and can confirm two things: - Almost anyone that would be able to actually use a credit card online has a credit card - Everyone i know dislikes c
by LinXitoW 13y ago
I'm German, and can confirm two things:
- Almost anyone that would be able to actually use a credit card online has a credit card
- Everyone i know dislikes credit cards, including me. They still have the correct stigma of paying with money you don't have and causing a housing crisis because of it; they're "american" and very "capitalist".
- cmarschner 13y agoCredit cards in Germany are for the most part debit cards. You only pay an annual fee and the charges are deducted from your bank account at the end of the month. No credit involved apart from the late processing. There are some special laws in place for this I think which don't exist in other countries. On the other hand merchants pay a hefty fee for each transaction whereas EC/debit card fees are very low. That's why many merchants (especially outside tourist areas) don't accept CCs.