Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

iamthetot@piefed.ca ⁨3⁩ ⁨weeks⁩ ago

• cygnus@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  We already have Interac, a good homegrown solution. I’m sure it wouldn’t be that hard for banks to piggyback on it to make credit transactions rather than debit.

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  • NottaLottaOcelot@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    It can be hard to pay for online goods with Interac, unfortunately. I’d love to see it become more widely available on e-commerce sites

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  • jif@piefed.ca ⁨3⁩ ⁨weeks⁩ ago

    The problem is, businesses now add credit cards into the cost of items. So if you don’t get visa/mc points, you’re losing money.

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    • SabinStargem@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

      I used to only use a debit card for my entire life, but about 6 or 8 years ago, I started to rely on my CostCo credit card. With my executive Citi Costco membership, I got about $700 cash rewards for 2025.

      It takes off the fiscal sting, but I always worry about my balance bouncing.

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