351–360 of 581 posts
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Debit cards are most definitely accepted on planes.
Even without internet connection? Edit: OK maybe there's different level of trust and some take a leap of faith :) In my experience debit didn't work but it appears that its not the same everywhere.
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The EMV standard has long supported an offline transaction flow. AFAIK it was the default almost everywhere in Finland circa 2011, contactless there was almost always instantaneous. Digging into why that was compared to the invariable wait when using contactless in the UK revealed this flow. The card has a variety of risk counters on it that allow it to securely decide whether an offline transaction can proceed, at l…
I think metro trains in countries like The Netherlands and Singapore use this approach where in you tap your cards and entry and exit and you are billed usually somewhere at the end of the day.
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FWIW I am Australian and we have a similar adoption rate of cashless payments. If a merchant tries to promote cash options I immediately think they’re doing it for tax evasion reasons - not because of the touted reason that “card payments cost more to process” (they don’t once you factor in the cost of handling cash).
Here is likely not that much handling cost for an independent hairdresser just earning their own (quite meager) salary. In the EU you can not charge a card fee on consumer transactions, so the merchant has the eat the cost. If your revenue is - 2-3000 Eur a month, payment fees (and terminal subscription fees) can have a big impact.
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I think they're talking about when merchants insist that you give them cash ("cash only"), not when buyers insist on giving cash. The usual assumption is that if e.g. a street-food cart is cash-only, it's not because they can't accept cards (it's rather trivial nowadays) but rather that 1. they don't want to pay the interchange fees, and more importantly, 2. they want to be able to cook their books when reporting rev…
>they don’t want to pay interchange fees That seems totally fair if they can’t pass that cost on to you for using a card. Why should they have to pay to accept your patronage?
(The fact that credit card networks continue doing business in Europe proves they're still profitable and the US is getting ripped off by these fees)
Back in the day, we used these machines to take a paper imprint of the card. You would get a copy and give it to the bank. There was a phone number you could ring to check if the card was valid. I never phoned the number. https://en.wikipedia.org/wiki/Credit_card_imprinter
Ka-chunk. It's why the letters are raised on the cards!
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People forget that the credit card companies charge businesses to process transactions. Some stores/restaurants even give discounts for paying in cash because of this.
I know its not uncommon at small business to ad a surcharge for using cards on purchases below a certain dollar value rather than a discount for cash.
Some context might be useful here. I spent some time living Sweden not too long ago and Swedes practically don't use cash. It's usually not said out loud, but cash is often considered to be dirty and criminal, to the point that most don't have any at all. Digital payments are very convenient and deeply integrated, so long as you have a local ID which allows you use the local payment system Swish etc. This worked nice…
> It's usually not said out loud, but cash is often considered to be dirty and criminal As a swede, your statement is outlandish and false. We use cash all of the time.
https://www.riksbank.se/en-gb/payments--cash/payments-in-swe...
In the Netherlands we had an extra chip on our cards a while back called "chipknip" for offline payments. Didn't work because you had to charge it separately. Chipknip (a portmanteau of chip card and knip, Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on 26 October 1995, as a pilot project in the city of Arnhem and a yea…
Sweden had a similar system in the late 90's-early 00's called the "cash card", also developed by Proton. It was a huge failure with basically zero uptake, there was no benefit over just using your debit card https://sv.wikipedia.org/wiki/Cash_%28betalsystem%29
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If a significant amount of your business is cash based then the risk is much higher. If you're doing $100 worth of cash transactions per day then your registers and safe probably don't have much and you can probably get away with weekly or even monthly deposits. Whereas if you're dealing with $1000s in cash then you probably want to deposit daily, need a lot more security around your register and safe, and probably h…
I've lived in Seattle for decades, and have -never- found a business that would not accept cash. If I -had- I would have set down my prospective purchase and walked out the door with a promise never to return. Apart from a transit card (all the mass transit also takes cash ... no fee added), I'm not going to pay to feed the surveillance machine .
It's not about paying by cash but paying by card offline. How is this going to be implemented I wonder. On planes they often accept credit cards even when there's no internet. I assume this is a trust in-credit-based system because they don't accept debit cards, i.e. if you are worth being trusted with a card you can have your sandwich now and we will take care of the bank processing once we are on the ground. So may…