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Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

lesnumeriques.com

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Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#351

Post by hvb2 »

californical wrote: post #250
functionmouse wrote: post #238

Earlier quoted context omitted.

Yes, but it's a statistically negative sum game for the customer. Visa wouldn't offer such a service if they weren't winning out in the long run, collecting rent on every one of your purchases.

That’s like telling people not to get homeowners insurance for the same reason Like, yes, it’s technically a bad deal. But it’s still worth the extra cost for most people

> But it’s still worth the extra cost for most people.

Is it? You charge back over 2% of your transaction volume? If you don't then just removing the middleman will make everyone happier. If you do, I have questions as to why...

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#353

Post by Forgeties79 »

CobaltFire wrote: post #292
bildung wrote: post #185

Earlier quoted context omitted.

Ok, I choose to not use Visa/Mastercard in the US, and I want to subscribe to some saas. What do I do now? Or do you mean "choice" as in "you can always choose not the breathe or eat"?

To be pedantic American Express and Discover exist. But I agree with your meaning. We are beholden to some third party no matter how we move in the current situation.

Amex is regularly rejected by businesses and cannot be your only credit card, so really you maybe have Discover.

I also wouldn’t say either of those is particularly better than Visa/Mastercard. They all engage in the same practices more or less

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#355

Post by deaux »

tdrz wrote: post #222
zaphirplane wrote: post #108

Earlier quoted context omitted.

The redirect to a bank is worrying, isn’t it trivial to fake redirecting to a fake bank ?

You'll need to fake much more than just that. Usually the bank website will ask you to confirm the transaction by opening the banking app on your mobile phone.

Trading a dependency on MasterCard and Visa for one on Google and Apple is at best a sidegrade. More likely you end up worse off.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#356

Post by [deleted] »

1234letshaveatw wrote: post #326
chneu wrote: post #258

Earlier quoted context omitted.

As an American, I'm so glad America is finally crumbling from its position of power. Americans need a wake up call because our insane hubris and stubbornness is responsible for so much of the bad stuff in the world.

Another American here, I find these self loathing kind of posts to be so sophomoric and embarrassing

[deleted]

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#357

Post by somewhatgoated »

philipallstar wrote: post #120
somewhatgoated wrote: post #107

Earlier quoted context omitted.

I guess it comes down to who you would trust more - your own government which you have some control over via elections or some (potentially multinational) corporation which you have exactly zero control over?

It's the other way around. You have choice with a company, and people can switch provider very quickly if they are bad. You have very, very coarse-grained control with the government every few years.

Like others said that choice is not really given in this case.

Also with the government option it wouldn’t mean that you can’t still use other methods - for example in brasil credit card or cash work just fine, PIX is just one (very convenient) option.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#358

Post by throw1234567891 »

arpinum wrote: post #71

This is the EU equivalent of Zelle, but pushing into merchant payments and owned and run by the banks. When the telcos tried to compete with the cloud providers by offering OpenStack they learned the business wasn't as simple as offering 10-15 services with some racks. I can imagine the same hidden complexity for payment rails On the other hand regulations have taken too much power away from merchants and Wero could…

We already have SEPA payments in the EU. The path has been paved.

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#359

Post by PowerElectronix »

amelius wrote: post #308
philipallstar wrote: post #87

Earlier quoted context omitted.

That sounds a little authoritarian for many Western countries, I imagine.

> That sounds a little authoritarian for many Western countries, I imagine. If you ever had your account blocked by Apple or Google, you know exactly why a government is the better option. At least you have the rule of law on your side. Big companies are the authoritarian situation, not the government.

It deems to me that the rule of law is easier to apply to third parties than to the government that is in charge of administering it

Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment

#360

Post by danw1979 »

1234letshaveatw wrote: post #326
chneu wrote: post #258

Earlier quoted context omitted.

As an American, I'm so glad America is finally crumbling from its position of power. Americans need a wake up call because our insane hubris and stubbornness is responsible for so much of the bad stuff in the world.

Another American here, I find these self loathing kind of posts to be so sophomoric and embarrassing

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