2d ago

Creative Title

Not really a meme meme, but i felt like i had to :s

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so hear me out.
there's an entire continent of payment processors out there that are not American.
just use one of those.
problem solved for a few years.
- I'm not American and even I only know Visa and Mastercard. I know there used to be Maestro, but that was also owned by Mastercard. So what else is there that works globally?
  
  https://thefinrate.com/top-payment-processing-companies-in-the-eu/
  https://fintechmagazine.com/top10/top-10-payment-processors
  some are based in US, but there should be at least 10 from those two lists.
  
  I know some of those, but they don't count.
  Most of those are still just going to use Visa and Mastercard underneath to process payments by card... Since those are mostly all Visa or Mastercard. There are exceptions but those are regional.
  There are a lot of "payment processors" but only 2 major card companies and that's an issue.
  
  I remember I was able to set up PayPal with direct bank account info. It’s not the most common scenario, and as long as they support Visa they’d be a target.
  If one of those companies decided to dedicate their company to free speech, they might go bank transactions only, and cut out the cards. Admittedly, there’s probably dozens of other hurdles I’m not even aware of there.
  
  Yeah, but then you give PayPal a whole bunch of control over your bank account. IIRC they can just withdraw whenever they want?
  With card payments, there's chargebacks for fraudulent transfers or if a vendor refuses a refund on fraudulent grounds. Those are just not a thing for bank transfers, at least not where I come from.
  Personally, most of the time I make a payment, it's a bank transfer (they're instant most of the time anyway between SEPA accounts and under 10k per transfer or whatever). But there are many benefits of a card payment. Others include: Collecting points (on credit cards in some countries, or something like a Revolut card on any plan other than the free one), purchase insurance, etc.
  People are always going to want to make card payments. We need better alternatives in the card company space, and standards to make sure every vendor can accept payments from every card type.
- JCB - Japan only

180 comments