Visa System crashed in UK and Europe

[pErvinalia]

The banks will be charging you other ways. You'll earn less interest on your accounts than you otherwise would and/or you will pay more interest than you otherwise would on any overdrafts/credit you have.

And let's have a look at what you've said so far:

Who uses credit cards especially Visa?

Heaps of people, apparently: Mastercard and Visa are the most widely accepted credit cards in the Dutch retail space

I just use debit cards as you cant use anything else.

You certainly can use other than debit cards, as you have credit cards in the Netherlands, both Dutch (as you yourself said later ) and Visa/Mastercard (see below).

We only can get debit and credit cards from our bank here. No private companies.

Wrong, according to this - http://www.amsterdamtips.com/tips/credi ... rlands.php

Visa and Mastercard (Generic Cards)

ICS (International Card Services) offers the choice of generic Visa and Mastercards. You will require a net monthly salary of €1,150 for the standard cards or €1,250 for the Gold, Platinum and Black cards. Non-euro forex charges are 2% for the standard cards and 1.5% for the Gold, Platinum and Black cards.

10. Visa World Cards - The standard Visa World Card (€36.50, free first year) has a credit limit of €2,500. The Visa World Card Gold (€55, first year €36.50) has a credit limit of €5,000. The Visa World Card Platinum (€154, first year €77) comes with a €10,000 credit limit.

11. Mastercards - The standard Mastercard Classic Card (€20, free first year) has a credit limit of €2,500. The Mastercard Gold Card (€32.50, first year €20) has a credit limit of €5,000. The Mastercard Black Card (€204) comes with up to €25,000 credit limit, travel insurance and airport lounge access. Non-euro forex charges are 2% for the standard card and 1.5% for the Gold and Platinum cards.

[Scot Dutchy]

A load of bollocks as always. Yep you must secretly live here.

: Mastercard and Visa are the most widely accepted credit cards in the Dutch retail space

Yes they are but you cant use them everywhere only in certain locations. Stop comparing apples and pears. Debit cards locally known as pinpas can be used anywhere at no cost. Yep try pay in a pub, supermarket, cinema or the museum with a credit card see how far you get.

Who owns ICS? You dont have a single idea how this country works and stop trying to shoe horn us into your mess. When it comes to banks and money we are light years ahead.

[laklak]

No transaction payments on credit cards here, at least not on mine. No annual fee, and no interest if you pay it off every month. They make their money on the people who never pay off the balance, I assume, because it's not costing me anything. Plus I get cash back, in the last two years I made $2,500. The bank just put it into my account and I spent it. We don't have a high credit limit, total of $12,000 (I think) on the two cards, but it's there in case of an emergency. Never use the debit card, I buy everything on the credit card and pay it off. Easier to keep track of expenses that way, just go over the statement at the end of the month.


ETA a credit card makes if much easier to rent a car here. If you've got a debit card they'll put a hold on money, as much as $500. They don't do that on a credit card.

[Sean Hayden]

Yeah, I've never heard of paying to use a debit card and there are credit cards without annual fees. Unless he's talking about the sellers?

[laklak]

The sellers pay a percentage, but the only places I've seen who pass that on to the consumer are a few gas stations that have a discounted cash price. I've negotiated a better deal with a couple of A/C companies and plumbers by paying cash, I'm sure it has absolutely nothing to do with tax fraud. I'm certain that, like me, they regard it as a privilege to pay taxes in this Great Country.

[Sean Hayden]

[Scot Dutchy]

Yeah, I've never heard of paying to use a debit card and there are credit cards without annual fees. Unless he's talking about the sellers?

Well here we do nothing else. Hotel stays could be a credit card but normal shopping is all debit card. Some shops will reluctantly take them but no supermarket, restaurant or pub. We have a good bank app on phone and computer to track everything. We dont get monthly statements. Everything is done on line. We dont have traditional bank offices.
Do you still have cheque books? They disappeared 30 years ago. For big amounts you use the bank app to transfer money in front of the person you are paying. He can check if the money has come in. VAT fraud is hit hard so very few do it.

[Rum]

It’s Visa’s fault. I have a Visa debit card. No charges for using it anywhere though a few small one man type shops won’t let you spend less than £5 with it..only one or two actually. Most people still think of Visa as a credit card company I would guess.

I do also have a credit card (not Visa) which I use for online purchases as you get your money back in the event of fraud. I keep the bill on that pretty low but given how low interest rates have been in recent years it is no big deal.

I pay nothing to my bank for my accounts but given they have to make a profit one way or another I’m aware that they must take a slice of my savings interest. It has often struck me that the poor saps living from overdraft to overdraft and paying through the nose for the privilege. - those who can least afford it, probably fund much of the profit banks make.

[Scot Dutchy]

I pay nothing to my bank for my accounts but given they have to make a profit one way or another I’m aware that they must take a slice of my savings interest. It has often struck me that the poor saps living from overdraft to overdraft and paying through the nose for the privilege. - those who can least afford it, probably fund much of the profit banks make.

Overdrafts are not easy to get. My bank is not happy about them. I dont use that facility. Mostly people are encouraged to pay them off a.s.a.p.. Never use my credit card but I keep it as an emergency fund which is really stupid as if that was the last resort I would have spent a lot of money.

[Sean Hayden]

Yeah, I've never heard of paying to use a debit card and there are credit cards without annual fees. Unless he's talking about the sellers?

Well here we do nothing else. Hotel stays could be a credit card but normal shopping is all debit card. Some shops will reluctantly take them but no supermarket, restaurant or pub. We have a good bank app on phone and computer to track everything. We dont get monthly statements. Everything is done on line. We dont have traditional bank offices.
Do you still have cheque books? They disappeared 30 years ago. For big amounts you use the bank app to transfer money in front of the person you are paying. He can check if the money has come in. VAT fraud is hit hard so very few do it.

I don't have a checkbook either, or a credit card. I also don't get paper statements. It's all online.

It's important to keep the other stuff around for the time being though, as not all old folk are as hip as you scot.

[Scot Dutchy]

I have no choice. Got to go with the flow. I have not had a Euro of any denomination for years now in my hand. The notes I believe have changed a couple of times now. The number of ATM's is being reduced drastically. Only in the tourist areas will you find them.
Everybody pins. Even the unemployed as their benefit is paid into a bank account.

[laklak]

Yep. This is how they'll control you, just shut the banking system off. This is why you need a good stash of pre-1964 U.S. silver coinage, gold, and ammunition in various calibers.

Barter, man, the wave of the future.

Oh - toilet paper. A fucking warehouse full. When the Trumpopolypse hits a roll of toilet paper will be like a C-Note today. When you're hanging out you can really flash your roll.

[Rum]

In Sweden, where they have been hurtling towards cashlessness there has been a protest I read recently (can't recall where) from people either old enough to have missed the boat with on-line stuff or else those who wish to opt out.

As ever google is one's friend. The Beeb have reported on the 'rebels' too.

http://www.bbc.co.uk/news/business-43645676

[Svartalf]

It is like an echo chamber Alan.

We only can get debit and credit cards from our bank here. No private companies. How does Visa earn money? We dont pay our banks anything for the service. We dont have bank charges.

Here, most cards, even debit cards are visa or master

[pErvinalia]

Who owns ICS? You dont have a single idea how this country works and stop trying to shoe horn us into your mess.

That's why I quoted that Dutch website (number one hit in google for Netherlands and credit cards). ICS provides visa/mastercard credit cards in Netherlands. So you were unequivocally wrong when you said you can only get credit cards from Dutch banks, and that there weren't any private companies providing credit cards in Netherlands.

So now that it's been shown that you made shit up, you can avoid admitting you were wrong by starting the insults. Go.