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You have to pay for a Debit Card? What's the reason for this?
by newaccountfool 12y ago
You have to pay for a Debit Card? What's the reason for this?
- gst 12y agoYou pay for debit and credit cards in most European countries. One reason is probably that the fees paid by the merchants for card processing are much lower than in the US. So while a bank in the US is happy to give you a free credit card in the US, because it knows that it gets the money back via the fees paid from the merchants, a bank in Europe won't be able to break even with that approach.
- newaccountfool 12y agoI'm from the UK and have never had to pay anything for opening up an account and using a debit card.
- Kiro 12y agoSo why are you talking about prepaid solutions? That's not how it worked when I lived in the UK. I had a normal debit card tied to my bank account, just as in the nordic countries. Nothing to do with credit rating either.
- Squarel 12y agoI am in Denmark, and pay 0 fees for my debit card. Seeing as I am a Masters student, so living on the student payments we get here, and my partner is unemployed, if I had fees, I would not use it.