Money Horror
oltdaniel.at
Money Horror
1–10 of 75 posts
Re: Money Horror
#2> we have an vending machine where you can pay with a credit card
> I have no real world use for this kind of card
Seems to me that he does.
Re: Money Horror
#3"Yes transactions are paused on the weekend. Thats like google would do a break on the weekend."
This is correct. The correct response to payment and settlement "pauses" for silly things like weekends and holidays is derision. Contempt. Ridicule.
These settlement timelines are based literally on horse and buggy schedules from the 1800s. They have no place in our modern workflow.
Re: Money Horror
#4> we have an vending machine where you can pay with a credit card > I have no real world use for this kind of card Seems to me that he does.
Fair enough. But I don't pay 2€ per month for a credit card from my local bank to buy stuff from a vending machine. The overall point is, that I have not enough use cases to make resonable use of it in the real world over my current free debit card.
Re: Money Horror
#5I once tried to rent a car at an airport rental car place while my car was in the shop. They wouldn't let me do it without a credit card. They wouldn't accept my debit card, they said, unless I had flown in (despite that my card can be ran as a credit card).
Lyft happily accepted my debit card and probably cost less in the end anyway.
Re: Money Horror
#6> we have an vending machine where you can pay with a credit card > I have no real world use for this kind of card Seems to me that he does.
Fair enough. But I don't pay 2€ per month for a credit card from my local bank to buy stuff from a vending machine. The overall point is, that I have not enough use cases to make resonable use of it in the real world over my current free debit card.
In the US, many, if not most, credit cards don't charge a monthly fee. Is it different in the EU?
Re: Money Horror
#7> we have an vending machine where you can pay with a credit card > I have no real world use for this kind of card Seems to me that he does.
Fair enough. But I don't pay 2€ per month for a credit card from my local bank to buy stuff from a vending machine. The overall point is, that I have not enough use cases to make resonable use of it in the real world over my current free debit card.
Are there really no free credit cards available in your country?
In many countries paying with a credit card gives you greater legal and fraud protection. Also helps build your credit rating.
Re: Money Horror
#8Using Bitcoin as a settlement layer has enabled services to crop up that provide interesting crosswalks of other payment layers, see https://twitter.com/ln_strike
Re: Money Horror
#9Earlier quoted context omitted.
Fair enough. But I don't pay 2€ per month for a credit card from my local bank to buy stuff from a vending machine. The overall point is, that I have not enough use cases to make resonable use of it in the real world over my current free debit card.
In the US, many, if not most, credit cards don't charge a monthly fee. Is it different in the EU?
[deleted]
Re: Money Horror
#10To be honest, I always kind of lol at these kinds of rants. Wishing for the "one true payment system" is like thinking that everyone will switch over to speaking Esperanto in the near future. NEVER going to happen.
Also, many of his gripes seem ridiculous. I don't know if the situation is different in Europe, but in the US I think pretty much everyone should have a credit card. You can use a secured card if you have bad credit, and most debit cards in the US can be swiped as a credit card. All of his non-existent problems seem like they could be fixed by getting a credit card. Credit cards also have better fraud protection, let you build credit, and usually have better rewards for consumers. There is virtually no difference in privacy benefits between credit and debit cards.