Earlier quoted context omitted.
When losses are socialized, fraud is someone else's problem.
Yes, which is a big reason to use credit cards.
You're still paying for the cost of fraud, so it's not really someone else's problem.
Online card payments still suck
31–40 of 119 posts
Re: Online card payments still suck
#32I'm still disappointed every time I try to order something at a webshop and they don't support iDeal[0]. That's how online payment should work. Of course it's only a Dutch system, so it's not going to be supported by all international webshops (although Steam does), but if anyone has the scope to introduce a more secure form of online payment, surely it's Visa and MasterCard? Why don't they introduce an iDeal-like pa…
I love iDeal! It is one reason why the Amazon Monopoly has less hold in countries like the Netherlands. Online payment is such a breeze!
It's true, I haven't bought from Amazon in years. Usually bol.com is my first stop for that kind of stuff. But if it's really a lack of iDeal support that's holding Amazon back, why don't they just support iDeal?
I doubt iDeal is much harder to support than other payment systems, so the only reason not to support it is because they don't really consider Netherland an important market. I don't care about Amazon ignoring us, but I'm a bit disappointed about Lego.
Re: Online card payments still suck
#33> "The security of your card details is only marginally improved" Please don't be ridiculous, I understand you have to instill fear in the people reading this for them to use your service, but the security of what you described before to today has improved by orders of magnitude: - I'm going to guess no HTTPS 20 years ago (it was formally specified 22 years ago). - Merchant employee has access to the raw data of your…
Took a quick look and SSL was 1994, so going on 30 years. Formal specification may have taken a bit longer, but I definitely remembered using SSL in the 90's.
Re: Online card payments still suck
#34Seems like this article is only about United States without being aware of it.
Many countries in Europe and Asia have much better payment solutions than the states.
Re: Online card payments still suck
#35Seems like this article is only about United States without being aware of it. Many countries in Europe and Asia have much better payment solutions than the states.
This, we use iDEAL [1] here in the Netherlands since 2005 and it's awesome! You just scan a QR code with your banking app and pay.
Re: Online card payments still suck
#36> "The security of your card details is only marginally improved" Please don't be ridiculous, I understand you have to instill fear in the people reading this for them to use your service, but the security of what you described before to today has improved by orders of magnitude: - I'm going to guess no HTTPS 20 years ago (it was formally specified 22 years ago). - Merchant employee has access to the raw data of your…
Took a quick look and SSL was 1994, so going on 30 years. Formal specification may have taken a bit longer, but I definitely remembered using SSL in the 90's.
Yep. I remember it being recognized as essential for payments in 2002.
Re: Online card payments still suck
#37Earlier quoted context omitted.
Like what?
Accounts are the first thing that come to mind. right now, I have an account at my bank, and I need to meet certain requirements to have that account. Web3 wallet accounts have no such requirements, and creating a whole new account is just a click away. To make a payment, because my web wallet is already linked, I just select which wallet I want to make a payment from. No need to type out my credit card number. Apple…
Creating an empty crypto account is just a click away. But, as a new user, how do you move funds into the account?
You must go through an exchange which is subject to the same KYC and anti-money-laundering regulations as a bank. So it's not actually any easier. After all, banks can also create any number of additional accounts for you in their internal system once you're a customer.
Re: Online card payments still suck
#38The government can always make it worse. The EU removed my prepaid card simply because I refused to get a phone for it which was expected to receive some sort of permission for each transaction.
Re: Online card payments still suck
#39In Poland, we have this wonderful system called BLIK. You provide nothing except a single-use 6-digit code, then you confirm the payment in your bank's mobile app. It works in online payments, physical stores and ATMs, it supports bank transfers using just a phone number, and recently it's been upgraded to support contactless payments as well https://en.wikipedia.org/wiki/Blik
Sounds a lot like Swish in Sweden (and I think Vipps in Norway). It basically started as a user to user system that works by tying a persons phone-number so you can send momey to anyone you have a phone-number for.
Quite quickly this system was adopted by small companies before it was made official and they quickly introduced a user to company variation, a tad costly but the ease of just scanning a QR-code to pay has made it a hit (The QR code always has a recipient, optionally with a sum and infotext also I think).
Re: Online card payments still suck
#40I'm still disappointed every time I try to order something at a webshop and they don't support iDeal[0]. That's how online payment should work. Of course it's only a Dutch system, so it's not going to be supported by all international webshops (although Steam does), but if anyone has the scope to introduce a more secure form of online payment, surely it's Visa and MasterCard? Why don't they introduce an iDeal-like pa…
You may want to mention that no small store accepts visa/mc in NL :)
Apparently because the commission is sky high. In other parts of the EU that's been regulated and I can buy as low as two apples with a credit card.
If you're a tourist in NL, bring cash.