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Online card payments still suck

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Re: Online card payments still suck

#51

Post by culturestate »

hocuspocus wrote: post #49
culturestate wrote: post #47

Earlier quoted context omitted.

> Some card issuers don't require it done via a phone And some (looking at you, DBS) toggle seemingly at random between requiring it via SMS or via their mobile app.

I meant neither by phone (SMS tokens don't meet the DSP2 requirements) nor a mobile app. The card issuer can send you a one time link to a web portal by email or using an iframe, where you log in and confirm the transaction.

Interesting. I've had cards with email confirmation flows (AmEx) but they send an OTP, not a link. I don't think I've seen what you're describing.

Re: Online card payments still suck

#52

Post by rwmj »

Brajeshwar wrote: post #25

We Indians take it for granted, but UPI[1] is a brilliant system. We make payments for something as small as ₹1 if needed. Transaction of ₹10[2] for a cup of tea is a very regular and ordinary happening. 1. https://en.wikipedia.org/wiki/Unified_Payments_Interface 2. ₹10 is roughly $0.12 (as of today).

Tricky to buy a cup of tea online though. Is this like WeChat, one of the ubiquitous person-to-person payment systems used in China?

Re: Online card payments still suck

#53

Post by searchableguy »

Brajeshwar wrote: post #25

We Indians take it for granted, but UPI[1] is a brilliant system. We make payments for something as small as ₹1 if needed. Transaction of ₹10[2] for a cup of tea is a very regular and ordinary happening. 1. https://en.wikipedia.org/wiki/Unified_Payments_Interface 2. ₹10 is roughly $0.12 (as of today).

It is great but require private defaults.

Cred recently added support for adding alias instead of real name. Many UPI apps also associate your phone number automatically to your UPI ID so you are handing out your phone number whenever you pay.

Re: Online card payments still suck

#54

Post by lotsofpulp »

maest wrote: post #31
lotsofpulp wrote: post #22

Earlier quoted context omitted.

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.

If I do not have a choice to pay a lower price without fraud protection, then it makes no difference.

If the merchant charges extra for credit card purchases, then it becomes something to consider.

Re: Online card payments still suck

#55

Post by mcv »

culturestate wrote: post #48
yurishimo wrote: post #30

Earlier quoted context omitted.

I've recently moved to NL from the USA; iDeal is great! I won't go into the excruciating slog of work that was required to open a Dutch bank account as a US Citizen, but now that I have an account, it's awesome! Account transfers are much faster as well, which is true for most (all?) SEPA countries. I know the US is actively working on a faster/cheaper transfer system but realistically that is still 5+ years away for…

> I won't go into the excruciating slog of work that was required to open a Dutch bank account as a US Citizen I keep hearing about these horror stories but I've only actually experienced it once, years ago in mainland China. I (also a US citizen) moved back to Europe this summer and opened accounts in both DE and NL; I only had to provide my passport, SSN, and proof of address and I was good to go. Am I just pretern…

Are you from the US? I do know banks have special rules for US Persons, but I have no idea what kind of impact those rules have on opening a bank account.

Re: Online card payments still suck

#56

Post by lotsofpulp »

amelius wrote: post #43
lotsofpulp wrote: post #13

Earlier quoted context omitted.

Why should I care about credit card security? I have zero liability, and in 17 years of using them, I maybe had to ask the bank to issue a new credit card number once, and that would have been many years ago. I am sure tons of doctors' offices, hotels, online businesses, daycares, etc have my hand written card number and CVC code or whatever laying around, but even if someone did use it fraudulently, I would just cli…

It takes time and effort to figure out if someone has robbed you. And sometimes it may go unnoticed for a while, and it happened to me at least once.

I thought of that, but with push/text notifications and easy to browse back websites, it is not really costly in terms of time or effort.

Re: Online card payments still suck

#57

Post by Acinyx »

bluedino wrote: post #44
nottorp wrote: post #40

Earlier quoted context omitted.

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.

Why don't they just advertise a minimum purchase or fee for using a card? You're not supposed to do it but it seems like every small party store/gas station in the US does so.

Because all the natives pay using Debit cards, so it is only foreign visitors that have this problem, and stores in the really touristy parts do support credit cards.

I am pretty sure that contactless payments around here do all support credit cards btw as AFAIK that's how Apple Pay and Google Wallet work, but I haven't tried it much.

Re: Online card payments still suck

#58

Post by culturestate »

mcv wrote: post #55
culturestate wrote: post #48

Earlier quoted context omitted.

> I won't go into the excruciating slog of work that was required to open a Dutch bank account as a US Citizen I keep hearing about these horror stories but I've only actually experienced it once, years ago in mainland China. I (also a US citizen) moved back to Europe this summer and opened accounts in both DE and NL; I only had to provide my passport, SSN, and proof of address and I was good to go. Am I just pretern…

Are you from the US? I do know banks have special rules for US Persons, but I have no idea what kind of impact those rules have on opening a bank account.

> Are you from the US?

Yes. Most people seem to blame FATCA, but while it's a pain in the ass for me personally, no bank I've ever used has blinked at it. They just ask for my SSN and a declaration of tax residency and move on.

Re: Online card payments still suck

#59

Post by mcv »

nottorp wrote: post #40
mcv wrote: post #11

I'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.

I only have my credit card for online purchases, and only for webshops that don't support iDeal. There's little to no domestic credit card use here.

Re: Online card payments still suck

#60

Post by soco »

mcv wrote: post #11

I'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…

The Netherlands have iDeal, India has UPI, Brazil has Pix, Switzerland has Twint, there are quite some solutions for easy and simple payments floating around. Next step is to figure out how to integrate all these for international payments.
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