Can the Visa-Mastercard duopoly be broken?

Post by 6510 » Mon, Aug 22, 2022, 12:06 AM UTC

happyopossum wrote: post #220

mcv wrote: post #204

Earlier quoted context omitted.

No one can drain ky bank account through my payment card either. For one, they lack the authorisation to do so, and for another, there's a limit (which I can change) to how much can be transferred per day.

> they lack the authorisation to do so How does the German banking system prevent an unscrupulous online retailer from charging you 500€ for a 50€ item? Or charging you twice?

Post by akrymski » Mon, Aug 29, 2022, 2:22 PM UTC

vimy wrote: post #615

akrymski wrote: post #568

Earlier quoted context omitted.

1. It's easy to setup a company 2. There's no validation that the direct debit is being setup by the account owner

1. It’s a bureaucratic mess. And scammers will also need to deal with the bank first. 2. With a paper form they need your autograph and other ID data. Or when it’s digital you need to authorize the request with your banking app.