We now have the technological means to make online payments better in many ways for both customers and vendors. We just need to move away from one of the biggest American exports, middlemen.
How are we going to do that? What's the payment method everyone should use for now?
Visa/MasterCard is a tax in every transaction. You might not see it but it is there.
I hate that I don't get like a 2% cash discount, I get like 3%+ from credit cards so justifying cash is kind of hard
If you have bad credit you don't get perks like that. So addicts, poor people, anyone trying to turn their life around. This is a regressive tax.
At least in Denmark, paying cash was shown to be more expensive, due to the cost of money transportation services and the fee banks charge to provide bills and coins for the change in the register.
Also the stores can’t do any analytics on purchasing patterns on you when paying cash. So all in all they prefer credit cards or registering for membership programs for payments.
Wow, I had no idea you could do that in Japan, and the idea never crossed my mind.
That's a brilliant solution to online payments.
This is why imo, there should be a nationalised institution competing against private institutions like these.
Norway has an app called Vipps, released by the national bank. When first introduced it was primarily aimed towards payment from person to person, linked to phone numbers. But most online vendors accept it as a form of payment too.
I forgot my wallet while at the grocery store the other day, and using what little charm I have I managed to get the cashier to pay for me, and I Vippsed him the money owed.
And once again I look at a Scandinavian country with envy
Same, but called mobilepay in Denmark.
In Brazil you can use a central bank system called pix. Everyone with a bank account has it. You can send money to any phone number registered on pix and everyone accepts it.
All banks support it so people can use it anywhere with anyone. Also we support a system like Japan with barcode but since pix people are using it less
Singapore has PayNow, Thailand has PromptPay, India has UPI... Just US/EU still struggling to get out from grip of mastercard/visa. Tho after Trump nonsense Eau is trying, but UK is not even trying.
@ontariobay in Brazil there is the PIX, it is an instant payment between almost any bank account, in the first year it was introduced you could use it to pay for almost anything, online or in person, it usually approves in less than a second and there is no fee.
Yes I remember reading about how US credit card companies are pissed about PIX which isn’t a surprise.
You can even do this in Uniqlo when not in Japan. Make an online purchase, pay in store within 1 hour, and then it's like you made an in-store purchase (with all the benefits).
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Don't be mean. I promise to do my best to judge that fairly.
