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Europe's $24 Trillion Breakup With Visa and Mastercard (europeanbusinessmagazine.com)
submitted 9 months ago by to c/canada@lemmy.ca
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It would be awesome if Canada could do this.

"Every time a European taps a card, pays online or splits a bill with friends, the transaction flows through infrastructure owned and operated by American companies."

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[–] 3 points 9 months ago (3 children)

The only reason I'm paying with a credit card is because it costs me money to pay with my debit card using Interac. You get a limited number of transactions per month and you get nothing in return.

With Mastercard/Visa, whenever I pay for something I get bonus points that I can use to pay off my bills.

We need to make Interac the choice of payment method to customers. Maybe follow the credit cards' example.

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  • [–] 4 points 9 months ago (1 child)

    You also have much better consumer protection with a credit card. Dodgy machine steals your info and runs amok buying stuff? With a CC you contest the charges, get a new card, and the company fights to get their money back. With debit it's your money, nobody will fight for you.

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  • [–] 1 point 9 months ago

    it costs me money to pay with my debit card using Interac. You get a limited number of transactions per month and you get nothing in return.

    Depends on your bank and your account.

    I have never paid a fee for an interac purchase.

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