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Visa/Mastercard alternatives? (lemm.ee)

submitted 5 days ago by espressdelivery@lemm.ee to c/buybritish@feddit.uk

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Ever thought about how strange it is that this duopoly handles such a large volume of transactions?

What are we doing to combat this?

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[–] Varyk@sh.itjust.works -4 points 5 days ago* (last edited 5 days ago) (2 children)

most other countries skipped debit and credit cards and moved straight to QR codes and digital wallets, you're unfortunately in one of the countries corporate America fooled into thinking an analog version of a digital wallet you get charged to own was efficient and practical.

the problem is solved, the uk and other lollygaggers have yet to catch up.

[–] espressdelivery@lemm.ee 3 points 5 days ago (1 children)

When you say digital wallet, I have Apple Pay but that’s just a layer between payment and my Mastercards

Is there something I could get that’s widely accepted?

In fact all payment portals I’ve seen demand a visa mastercard

[–] Varyk@sh.itjust.works 1 points 4 days ago

"Is there something I could get that’s widely accepted?"

Probably not if you're in a country that didn't skip over cards.

In China, for example, there's one protocol, the QR at the prodce stand or the hotel tell you where to send or receive money from, you check the details, enter the password, the transfer executes.

So if you move to country that's moved past cards, then ecommerce is running on mobile digital wallets or bank accounts(older digital wallets) directly that you can join.

[–] blackn1ght@feddit.uk 1 points 5 days ago* (last edited 5 days ago) (1 children)

Debit & Credit cards have been around way longer than QR codes (I don't even get this, how is a QR code a payment method?) and digital wallets, so I assume those countries you're talking about were just using cash up until the technology became available. How were people paying for things online?

You don't get charged to own a debit or credit card, unless you specifically choose a product that has perks.

[–] Varyk@sh.itjust.works 1 points 4 days ago

"I don’t even get this, how is a QR code a payment method?"

You have a digital wallet like a bank account. Scanning a QR code tells you where to send or receive money, if everything looks correct, you enter your account password and the transfer executes.

"I assume those countries you’re talking about were just using cash up until the technology became available"

Depends on the country, but epayments were around before QR codes, bank account to bank account directly via different platforms.

"You don’t get charged to own a debit or credit card, unless..."

Unless you do, correct. You also don't have a bicycle...unless you do.