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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

#421

Post by Forgeties79 »

SoftTalker wrote: post #366
Forgeties79 wrote: post #353

Earlier quoted context omitted.

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

The only places I've found that refuse AMEX are very small mom and pop operations. And of those, many don't accept cards of any type: cash only.

Fair enough, it's probably not as common as I think and is more of a reputation.

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

#422

Post by drstewart »

Waterluvian wrote: post #303
1234letshaveatw wrote: post #268

Earlier quoted context omitted.

Does the same sentiment apply to TN1 visas? Funny how you never see those burned in protest

That's my point, right? We've had such a closely integrated economy and it's been a win-win for a very long time. Whether it's resources like lumber or manufacturing like Ontario/Michigan, or massive amounts of fuel refinement, we're so closely interconnected that we've needed that ease of cross-border travel for work. A consequence is that our industry hasn't evolved as much as it could have. We're sitting on an eno…

You are probably thinking of local maxima.

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

#423

Post by neksn »

llm_nerd wrote: post #363
kvgr wrote: post #212

Earlier quoted context omitted.

What makes you think EU will not look into it and block us from buying “bad things”?

Do you think that is a retort in some way? EU residents have a say over the EU. Canadians have a say over the Canadian government. We do not have a say over a nuclear-armed idiocracy forcing it's profound corruption and stupidity on other sovereign entities. For instance right now the US, in defending their war-crime boss Israel, has sanctioned judges of the ICC, including Canadians, Europeans, etc. Any US firm enfor…

> We do not have a say over a nuclear-armed idiocracy forcing it's profound corruption and stupidity on other sovereign entities.

That’s funny because it perfectly defines the relationship between the EU and the countries in it.

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

#424

Post by makeitdouble »

dxetech wrote: post #347

Payments are much more complicated than just who your issuer is. As noted in other comments, connecting the customer directly to the aquirer can lose significant functionality. Pre authorization, installments, card on file and other typical services may be offered differently than expected, or not at all. In addition, Mastercard and Visa still write the rules for industry. If at some point advanced Mastercard or Visa…

> installments, card on file and other typical services

These are typically cherished by the issuers and not really wanted/needed by the customer. Card installments in particular are the bane of our society IMHO and straight loans replace them properly.

Many banks in EU already had loan systems integrated to deal with oversized purchases and extraordinary months, so getting it out of the network doesn't remove the service to the customer in most cases.

We're kinda seeing this playing out with alternative payment systems in Asia for instance: they provide way less options, yet get very popular.because people just don't miss the extra stuff.

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

#425

Post by Nerwesta »

moralestapia wrote: post #246
dragontamer wrote: post #231

Earlier quoted context omitted.

The new alignment isnt East vs West... But North vs Global South, which Brazil sees itself a part of the South.

??? Wrong thread? The comment I see reads like this: "That sounds a little authoritarian for many Western countries, I imagine."

Yeah the concept of "Western" is a relic of the Cold war, just like Western Europe / Eastern Europe ( past some countries being genuinely there ) It's still taught like that to younger people, but definitely shouldn't.

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

#427

Post by matthewfcarlson »

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

It is entirely possible to recognize the things that are good about the US while also seeing the very terrible things. Nothing is perfect and if we tell ourselves it is by criticizing anyone who says otherwise, we are robbing not only the world but ourselves of any opportunity to make it better.

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

#428

Post by wsng »

Lionga wrote: post #310
surgical_fire wrote: post #276

Earlier quoted context omitted.

I certainly trust the EU a lot more than I trust US corporations.

Considering the head of EZB is a convicted criminal with, lets call it interesting, letters to the convicted criminal Sarkozy I am not sure what is plague and what cholera.

Lagarde is not a convicted criminal. She was convicted for negligence, but this is not a criminal conviction.

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

#429

Post by Arrowmaster »

mcv wrote: post #43

Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…

Yesterday I was renewing my vehicle registration through my US states website. They offered a range of payment options using embedded options on the site. The direct bank account option had the lowest fee but when I tried it I was immediately scared of the security. They used a 3rd party bank account transfer provider that asked me what bank I used and looked like it was going to prompt me for my login info before it errored out and I moved on.

Why can't the US have sane banking standards instead of this mess where you have to agree to a new 3rd party TOS and EULA for every purchase you want to make.

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

#430

Post by TheMagicHorsey »

The UPI payment system in India seems to work really well. I'm not sure about the architecture exactly, but there seems to be a way to generate one-time passwords that you can use to pay people a fixed amount. E.g. you go to a website or store, and they display a QR code for payment, which contains the payment recipient information and amount of the charge. When you scan it, you are taken to your bank app where you authorize the recipeint and the amount, then you are given a special code in the form of a QR code or alphanumeric code. The person recieving the payment can scan the code to recieve payment ... or if you are online you can paste the alphanumeric code. No other information is exchanged. There's nothing that can compromise your ID or account info.

Pretty amazing!

Insane that a developing country has something so seemless, and meanwhile in the USA my credit card number is stolen online every 3 to 5 years, necessitating cancellations and in some cases (as with Chase) I had to close the entire account as they could not stop the fraud even after issuing 5 new cards over the space of 6 months--somehow the new card authorizations were being ported automatically into some subscription systems.

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