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

• SaveTheTuaHawk@lemmy.ca ⁨4⁩ ⁨hours⁩ ago

  They accept cash.

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  • UnderpantsWeevil@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    Great if you don’t mind a wallet overflowing with loose change.

    Crazy that we don’t have a public sector payment processor, though. You’d think we could have a Generic Card tied to a public bank that handles electronic payments efficiently. But it’s been over 40 years since we began consumer grade electronic transactions and its still entirely within the scope of the private sector.

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    • wabasso@lemmy.ca ⁨3⁩ ⁨hours⁩ ago

      Interac isn’t too bad right? I agree with you that sort of service should be public, but I heard (years ago) that Interac is non-profit.

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      • UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨hours⁩ ago

        Interac is non-profit.

        OpenAI started out as non-profit. Quite a few health insurance companies (Blue Cross Blue Shield, for instance) are organized as non-profits.

        shrug

        Still, talking to vendors, it sounds like the fees are quite low, and I try to pay debit when it’s a small business.

        Sure. All good when it works for you. But this isn’t some kind of wholesale replacement for Visa that doesn’t run the obvious risk of becoming Visa 2.0 (or whatever X.0 iteration of credit card companies we’re currently on).

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    • lightnsfw@reddthat.com ⁨3⁩ ⁨hours⁩ ago

      You want trump in control of our commerical transactions?

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      • UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨hours⁩ ago

        He’s appointing the next Fed chair as we speak. We’re a bit past feeling squeamish about what Trump controls.

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• winkerjadams@lemmy.dbzer0.com ⁨5⁩ ⁨hours⁩ ago

  In america they have a partnership with visa and don’t take other cards unless they are debit. Mexico Costco also takes discover and other cards

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  • M0oP0o@mander.xyz ⁨3⁩ ⁨hours⁩ ago

    Discover wants a $25k retainer from me to take them as an option. Its just not realistic for smaller businesses when they have such a small footprint.

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