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Do you really want these guys to have direct access to your bank account given their track record for data breaches? On top of this you get no credit card prote
by earless1 12y ago
Do you really want these guys to have direct access to your bank account given their track record for data breaches? On top of this you get no credit card protection, no rewards points on your card, and no double warranty which most cards give these days.
- te_chris 12y agoYou're thinking too small. It's possible to have a payment infrastructure that doesn't give Visa and Mastercard money, and it's possible for it to work really well. https://en.wikipedia.org/wiki/EFTPOS https://en.wikipedia.org/wiki/EFTPOS
- rweir 12y agonote that in practice EFTPOS is getting beaten down by still not doing contactless, while Visa Debit/Mastercard Debit contactless cards are ubiquitous in Australia, and banks pushing Visa/Mastercard Debit for the higher interchange fees.