On 8/6/23 4:55 AM, Carlos E.R. wrote:
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
Hence my question.
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
On 06/08/2023 15:35, The Real Bev wrote:
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
Hence my question.
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked. If you lose your phone,
anyone who finds it would need to unlock it before being able to make purchases using Wallet. So that gives an extra level of security.
On 8/6/23 4:55 AM, Carlos E.R. wrote:
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
Hence my question.
On 06/08/2023 15:35, The Real Bev wrote:
On 8/6/23 4:55 AM, Carlos E.R. wrote:
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint >>> or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
Hence my question.
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked. If you lose your phone,
anyone who finds it would need to unlock it before being able to make purchases using Wallet. So that gives an extra level of security.
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
1. Security. Lose a credit card in a country that doesn't use Chip & PIN (like the U.S.) and anyone can use it.
2. Cashback. My main credit card offers 3% cash back on mobile wallet purchases.
On 6 Aug 2023 07:35:57 -0700 The Real Bev wrote:
On 8/6/23 4:55 AM, Carlos E.R. wrote:If you always carry a smartphone (and especially if you have a smart
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint >>> or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go >>shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL >>shopping is my card, my driver's license and my car keys.
Hence my question.
watch) and you and have many contactless cards you /may/ find it useful.
If you're not you probably won't.
It's not only for money cards, by the way. It can hold travel passes and tickets, membership cards - all sorts of contactless things.
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked.
If you lose your phone, anyone who finds it would need to unlock it
before being able to make purchases using Wallet. So that gives an
extra level of security.
On 8/6/23 7:56 AM, Roger Mills wrote:
I don't lock my phone -
Am 06.08.23 um 17:25 schrieb sms:
2. Cashback. My main credit card offers 3% cash back on mobile
wallet purchases.
That is US-american nonsense and only shows that everyone else pays
too much and is subsidizing such marketing stunts. My goodness!
On 8/6/2023 8:29 AM, Jörg Lorenz wrote:
Am 06.08.23 um 17:25 schrieb sms:
2. Cashback. My main credit card offers 3% cash back on mobile
wallet purchases.
That is US-american nonsense and only shows that everyone else pays
too much and is subsidizing such marketing stunts. My goodness!
Naw. Those who know the system (like using credit card cash back and dickering with car dealers) can come out ahead. The rest support us as
it should be... ;)
Worse yet...some of my retirement income comes from credit card company dividends... 8-O
On 8/6/2023 9:11 AM, The Real Bev wrote:
On 8/6/23 7:56 AM, Roger Mills wrote:
<snip>
I don't lock my phone -
Doesn't matter. Google Pay and Apple Pay still require authentication
even if the phone is unlocked.
I only use a physical credit card at the annoying stores that don't
accept Apple Pay or Google Pay: Daiso, Home Depot, Lowes, and Walmart.
People still using physical credit cards are standing in the way of
human progress.
People still using physical credit cards are standing in the way of
human progress.
People still using physical credit cards are standing in the way of
human progress.
On 8/6/23 9:25 AM, AJL wrote:
On 8/6/2023 7:56 AM, Roger Mills wrote:
If you lose a contactless credit card, anyone who finds it can
start spending *your* money with no questions asked.
If I KNOW I lost my credit card I can immediately stop it using my
bank app. No loss cause the card stops working.
Who cares? The CC will cancel the fraudulent charges.
If I DON'T KNOW I lost my credit card I will know with the first
fraudulent charge because my bank immediately notifies me by text
of all charges over $10. I can then immediately stop the card with
the app.
...or with the phone call. If you lose your phone you have to
borrow someone else's phone to report it.
And all fraudulent charges would be eventually reimbursed by my CC
company anyway.
And since I've never had a fraudulent charge in my lengthy life to
date it's not at the top of my worry list...
I had one. Somebody (at a shop or on-line business where I had used
my card, presumably) bought a plane ticket from Dallas to London.
If you lose your phone, anyone who finds it would need to unlock
it before being able to make purchases using Wallet. So that
gives an extra level of security.
Losing my phone would be a nightmare on so many levels. Here,
please take my credit card instead... ;)
I've lost my card a number of times by THINKING I put it in my hip
pocket but in reality dropping it on the floor. The biggest problem
is being on hold for the next available operator... It would be nice
if "Card lost or stolen?" was the first rather than the last item in
the automated phone system, wouldn't it?
This has been a useful thread; it reminded me that I need to
photograph the front and back of all my cards.
(yes I know about
the 2.5% card from Alliant but it has hoops to jump through).
3% is 50%
more cash back than 2%. There is an annual fee of $75 but it is offset
by the cash back as well as some of the other perks.
On 8/6/2023 7:56 AM, Roger Mills wrote:
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked.
If I KNOW I lost my credit card I can immediately stop it using my bank
app. No loss cause the card stops working.
If I DON'T KNOW I lost my credit card I will know with the first
fraudulent charge because my bank immediately notifies me by text of all charges over $10. I can then immediately stop the card with the app.
And all fraudulent charges would be eventually reimbursed by my CC
company anyway.
And since I've never had a fraudulent charge in my lengthy life to date
it's not at the top of my worry list...
If you lose your phone, anyone who finds it would need to unlock it
before being able to make purchases using Wallet. So that gives an
extra level of security.
Losing my phone would be a nightmare on so many levels. Here, please
take my credit card instead... ;)
On 8/6/2023 8:29 AM, Jörg Lorenz wrote:
Am 06.08.23 um 17:25 schrieb sms:
2. Cashback. My main credit card offers 3% cash back on mobile
wallet purchases.
That is US-american nonsense and only shows that everyone else pays
too much and is subsidizing such marketing stunts. My goodness!
Naw. Those who know the system (like using credit card cash back and dickering with car dealers) can come out ahead. The rest support us as
it should be... ;)
Worse yet...some of my retirement income comes from credit card company dividends... 8-O
Am 06.08.23 um 16:56 schrieb Roger Mills:
On 06/08/2023 15:35, The Real Bev wrote:
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
Hence my question.
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked. If you lose your phone,
anyone who finds it would need to unlock it before being able to make
purchases using Wallet. So that gives an extra level of security.
Paying with a phone is very clumsy and a phone is an additional attack >vector. The anecdotal evidence shows that after a short hype paying with
the phone is very much on the retreat again.
And in real life it is more probable that I forget my phone than I
forget my analogue wallet. And personally I do not like to put all my
eggs in one basket anyway.
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go
shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL
shopping is my card, my driver's license and my car keys.
On 8/6/2023 10:24 AM, The Real Bev wrote:
On 8/6/23 9:25 AM, AJL wrote:
On 8/6/2023 7:56 AM, Roger Mills wrote:
If you lose a contactless credit card, anyone who finds it can
start spending *your* money with no questions asked.
If I KNOW I lost my credit card I can immediately stop it using my
bank app. No loss cause the card stops working.
Who cares? The CC will cancel the fraudulent charges.
Much easier to just stop the card with the app right away. Getting the
CC to cancel the (many?) charges later is a MUCH longer process...
If I DON'T KNOW I lost my credit card I will know with the first
fraudulent charge because my bank immediately notifies me by text
of all charges over $10. I can then immediately stop the card with
the app.
...or with the phone call. If you lose your phone you have to
borrow someone else's phone to report it.
Maybe the wife will lend me her phone?
And all fraudulent charges would be eventually reimbursed by my CC
company anyway.
And since I've never had a fraudulent charge in my lengthy life to
date it's not at the top of my worry list...
I had one. Somebody (at a shop or on-line business where I had used
my card, presumably) bought a plane ticket from Dallas to London.
I've apparently been lucky...
If you lose your phone, anyone who finds it would need to unlock
it before being able to make purchases using Wallet. So that
gives an extra level of security.
Losing my phone would be a nightmare on so many levels. Here,
please take my credit card instead... ;)
I've lost my card a number of times by THINKING I put it in my hip
pocket but in reality dropping it on the floor. The biggest problem
is being on hold for the next available operator... It would be nice
if "Card lost or stolen?" was the first rather than the last item in
the automated phone system, wouldn't it?
Check your bank app. It's just a few pushes to stop the card for me...
This has been a useful thread; it reminded me that I need to
photograph the front and back of all my cards.
Why?
On 8/6/23 4:55 AM, Carlos E.R. wrote:
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable?
On 8/6/23 7:56 AM, Roger Mills wrote:
On 06/08/2023 15:35, The Real Bev wrote:
On 8/6/23 4:55 AM, Carlos E.R. wrote:
Hi,
Is it possible to protect Google Wallet with pin, pattern or
fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
And a second question: Why are "wallets" desirable? It's easy
enough to slip a credit card in the 'cargo' pocket of my shorts when
I go shopping, and it weighs far less than the phone which I usually
forget and leave at home next to my computer. Actually, all I need
for RL shopping is my card, my driver's license and my car keys.
Hence my question.
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked. If you lose your phone,
anyone who finds it would need to unlock it before being able to make
purchases using Wallet. So that gives an extra level of security.
I don't lock my phone -- too much trouble to have to do more than push a button to turn the screen back on. If I lose my card all I have to do
is make a phone call when I get home and they fix it. If I really push
it they'll overnight me a new one, but I've never needed that. If I
lose my phone I have hell's own trouble trying to replace it, restore my settings, etc.
"Carlos E.R." <robin_listas@es.invalid> wrote:
Is it possible to protect Google Wallet with pin, pattern or fingerprint
or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
When I Googled on "google wallet security", I found:
https://safety.google/pay/
Google Pay requires authentication – via a pin, pattern or biometric –
to open the app or pay a person*
* Unlock requirements vary by country.
Lock your phone from anywhere
If your phone is ever lost or stolen, you can use Google Find My
Device to remotely lock it, log out of your Google Account, or erase
your data. This keeps your payment info safe.
Actually the 2nd point is not a Google Wallet feature. It is an Android feature provided in conjunction with your Google account.
Another article was:
https://support.google.com/wallet/answer/12059519?hl=en
Sorry, I've never used Google Wallet, so cannot provide my own
step-by-step instructions on the various lockout methods.
On 8/6/2023 9:11 AM, The Real Bev wrote:
On 8/6/23 7:56 AM, Roger Mills wrote:
<snip>
I don't lock my phone -
Doesn't matter. Google Pay and Apple Pay still require authentication
even if the phone is unlocked.
You use only ONE card?
I use the one that gives me the best discount/rebate at the type of
store I'm in.
My cards are NOT on my phone
and I rarely use the bank credit card.
Have you forgotten in the example my phone was lost or stolen? I
doubt that the thief would wait while I pushed the button.
8 CC's and 13 things like library cards, AAA, DL, etc. Not the
first phone calls to make.
On 6 Aug 2023 09:48:19 -0700 sms wrote:
People still using physical credit cards are standing in the way of
human progress.
People using Apple Pay and Google Wallet are usually standing in the way
of us credit card users trying to get though the ticket gates on the
London Underground ;)
On 8/6/23 9:48 AM, sms wrote:
On 8/6/2023 9:11 AM, The Real Bev wrote:
On 8/6/23 7:56 AM, Roger Mills wrote:
<snip>
I don't lock my phone -
Doesn't matter. Google Pay and Apple Pay still require authentication
even if the phone is unlocked.
I only use a physical credit card at the annoying stores that don't
accept Apple Pay or Google Pay: Daiso, Home Depot, Lowes, and Walmart.
You haven't overcome my 'harder to replace a phone than a credit card' objection. I assume it's not possible.
Who cares? The CC will cancel the fraudulent charges.
...or with the phone call. If you lose your phone you have to borrow someone else's phone to report it.
On 2023-08-06 18:11, The Real Bev wrote:
On 8/6/23 7:56 AM, Roger Mills wrote:
If you lose a contactless credit card, anyone who finds it can start
spending *your* money with no questions asked. If you lose your phone,
anyone who finds it would need to unlock it before being able to make
purchases using Wallet. So that gives an extra level of security.
I don't lock my phone -- too much trouble to have to do more than push a
button to turn the screen back on. If I lose my card all I have to do
is make a phone call when I get home and they fix it. If I really push
it they'll overnight me a new one, but I've never needed that. If I
lose my phone I have hell's own trouble trying to replace it, restore my
settings, etc.
So, if you do activate GW, do protect the phone with pin or something.
On 8/6/2023 10:24 AM, The Real Bev wrote:
Who cares? The CC will cancel the fraudulent charges.
Yes, you don't pay for the fraud, at least not directly. But it is built
into the costs that businesses pay in fees.
On 8/6/2023 2:18 PM, The Real Bev wrote:
You use only ONE card?
Nope. I carry 2, one as a backup.
I use the one that gives me the best discount/rebate at the type of
store I'm in.
My mailbox is stuffed with store discount coupons almost every day. I
think most of those stores got my address from the CC companies...
My cards are NOT on my phone
Mine neither.
and I rarely use the bank credit card.
Both my bank and non-bank credit card have apps that allow the card to
be 'frozen'.
Have you forgotten in the example my phone was lost or stolen? I
doubt that the thief would wait while I pushed the button.
The thief would have to wait on my phone because I keep it locked. And
if he did get in my sensitive apps are locked. I also lock all my
electronics in the house in case loss in a burglary.
8 CC's and 13 things like library cards, AAA, DL, etc. Not the
first phone calls to make.
Wow. Biting my lip on a comment about women's purses... ;)
On 8/6/2023 10:24 AM, The Real Bev wrote:
<snip>
...or with the phone call. If you lose your phone you have to borrow
someone else's phone to report it.
Who are you reporting it to? Only your carrier needs to know that you
lost your phone. If a criminal steals your phone, unless they know your
PINs, they can't use the mobile wallet.
The thing I don't like about physical credit cards is the clumsiness.
Having to get out your wallet, search for the card, and then way too
many people are not using contactless, not knowing how it works.
It
holds up the line. People usually have their phone in their hand or at
least close at hand.
On 8/6/23 3:32 PM, AJL wrote:
I lock all my electronics in the house in case of loss in a burglary.
The burglar looks in the door and tells his pal "Wrong house,
somebody's already been here..." Nothing in our house worth stealing
anyway.
On 8/6/2023 8:22 PM, The Real Bev wrote:
I thought about doing a swipe unlock thing, but I don't trust that
any more than I trust the fingerprint thing. The fingerprint device
at the gym was constantly malfunctioning.
I never had much luck with the fingerprint entry on my phone. It often
took several tries. So I reverted to a pin. I made it a fast and easy
pin. Right row of buttons: top: 1-touch, middle: 2-touches, bottom: 3-touches. (366999). Maybe 2 seconds? Only bad thing is now you can get
into my phone...
On 8/6/23 10:43 AM, AJL wrote:
Maybe the wife will lend me her phone?
What, hubby was dumb enough to lose his phone? NO WAY, let HIM deal
with the problem. I'll go make sandwiches.
On 8/6/2023 8:22 PM, The Real Bev wrote:
I thought about doing a swipe unlock thing, but I don't trust that
any more than I trust the fingerprint thing. The fingerprint device
at the gym was constantly malfunctioning.
I never had much luck with the fingerprint entry on my phone. It often
took several tries. So I reverted to a pin. I made it a fast and easy
pin. Right row of buttons: top: 1-touch, middle: 2-touches, bottom: 3-touches. (366999). Maybe 2 seconds? Only bad thing is now you can get
into my phone...
And a second question: Why are "wallets" desirable?
On 8/6/23 5:15 PM, sms wrote:
On 8/6/2023 10:24 AM, The Real Bev wrote:
<snip>
...or with the phone call. If you lose your phone you have to borrow
someone else's phone to report it.
Who are you reporting it to? Only your carrier needs to know that you
lost your phone. If a criminal steals your phone, unless they know your
PINs, they can't use the mobile wallet.
Bigger nuisance to worry about my email passwords. Better to just
commit to NOT losing the damn thing.
The thing I don't like about physical credit cards is the clumsiness.
Having to get out your wallet, search for the card, and then way too
many people are not using contactless, not knowing how it works.
I don't see how tapping the card is faster than swiping it.
On 8/6/2023 2:18 PM, The Real Bev wrote:
Have you forgotten in the example my phone was lost or stolen? I
doubt that the thief would wait while I pushed the button.
The thief would have to wait on my phone because I keep it locked. And
if he did get in my sensitive apps are locked. I also lock all my
electronics in the house in case loss in a burglary.
On 2023-08-07 00:32, AJL wrote:
On 8/6/2023 2:18 PM, The Real Bev wrote:
Have you forgotten in the example my phone was lost or stolen? I
doubt that the thief would wait while I pushed the button.
The thief would have to wait on my phone because I keep it locked.
And if he did get in my sensitive apps are locked. I also lock all
my electronics in the house in case loss in a burglary.
Ok, how do you lock sensitive apps, like Google Wallet?
On 2023-08-06 18:14, VanguardLH wrote:
"Carlos E.R." <robin_listas@es.invalid> wrote:
Is it possible to protect Google Wallet with pin, pattern or fingerprint >>> or whatever?
I mean, make the app prompt for ID. It is relying only on the phone
having the screen unlocked.
Yes, I googled. Nothing.
When I Googled on "google wallet security", I found:
https://safety.google/pay/
Google Pay requires authentication – via a pin, pattern or biometric –
to open the app or pay a person*
* Unlock requirements vary by country.
Ah, by country. Interesting. Mine only requires the phone to be
unlocked. And, if the amount to pay is "big", then it asks for the card
pin code, same as if using the true card.
Lock your phone from anywhere
If your phone is ever lost or stolen, you can use Google Find My
Device to remotely lock it, log out of your Google Account, or erase
your data. This keeps your payment info safe.
Actually the 2nd point is not a Google Wallet feature. It is an Android
feature provided in conjunction with your Google account.
Another article was:
https://support.google.com/wallet/answer/12059519?hl=en
It is the phone screen lock, not a different lock for the app.
Sorry, I've never used Google Wallet, so cannot provide my own
step-by-step instructions on the various lockout methods.
It's ok, you have confirmed what I found, which is good enough :-)
So far, I have used it only once. I bought gasoline tonight (with the
car, you know). It occurred to me that paying with the phone is simply prohibited, because _using_ the phone is prohibited at refuelling stations.
Interestingly, the loyalty card of the station, which belongs to a supermarket, which is also in the phone (in the supermarket app) can't
be used. It is interesting because months ago I asked a clerk to
renovate my damaged card, and she asked why, I never use it, I always
use the phone, she said. I mentioned the gas station.
It is doubly interesting, because the app can be setup to do the
payments too, and they had to invent a procedure to pay with the phone
from inside the car at the gas station.
Hi,
Is it possible to protect Google Wallet with pin, pattern or fingerprint or whatever?
I mean, make the app prompt for ID. It is relying only on the phone having the screen unlocked.
Yes, I googled. Nothing.
On Sun, 6 Aug 2023 07:35:57 -0700, The Real Bev
<bashley101@gmail.com> wrote:
And a second question: Why are "wallets" desirable?
Good question.
I would not use wallets like Apple Pay, nor Google Pay, nor
Musk's future X. in my opinion those companies should have no
role at all in the transfer of my money. In my opinion it is a
fundamental conflict of interest.
Am 06.08.23 um 23:18 schrieb The Real Bev:
On 8/6/23 10:43 AM, AJL wrote:
Maybe the wife will lend me her phone?
What, hubby was dumb enough to lose his phone? NO WAY, let HIM deal
with the problem. I'll go make sandwiches.
Ham, Mustard and a slice of chesse, pls. If possible with a salad leaf.
THX, Real Bev!
On 8/6/23 9:46 PM, Jörg Lorenz wrote:
Am 06.08.23 um 23:18 schrieb The Real Bev:
On 8/6/23 10:43 AM, AJL wrote:
Maybe the wife will lend me her phone?
What, hubby was dumb enough to lose his phone? NO WAY, let HIM deal
with the problem. I'll go make sandwiches.
Ham, Mustard and a slice of chesse, pls. If possible with a salad leaf.
THX, Real Bev!
ONLY for MY hubby. If you're one of his socks, please tell me what we
did just before we were married. Otherwise, make your own sandwich!
On 8/6/2023 7:35 AM, The Real Bev wrote:
And a second question: Why are "wallets" desirable? It's easy enough
to slip a credit card in the 'cargo' pocket of my shorts when I go shopping, and it weighs far less than the phone which I usually forget
and leave at home next to my computer. Actually, all I need for RL shopping is my card, my driver's license and my car keys.
1. Security. Lose a credit card in a country that doesn't use Chip & PIN (like the U.S.) and anyone can use it. With mobile wallet you have to authenticate before making a purchase.
That brings me to our (NL/EU) *debit* cards, which you can lose
without any risk (or a small risk if you have enabled tap-without-PIN (normally upto EUR 50-100 total)). Guess what we mostly use and what we hardly use? :-)
On 8/11/2023 5:35 AM, Frank Slootweg wrote:
<snip>
That brings me to our (NL/EU) *debit* cards, which you can lose
without any risk (or a small risk if you have enabled tap-without-PIN
(normally upto EUR 50-100 total)). Guess what we mostly use and what we
hardly use? :-)
Im the U.S. debit cards are much more risky than credit cards. You don't
get all the legal protections that credit cars offer with a debit card.
Also, in the U.S. credit cards offer significant extra benefits,
depending on the card, including up to 3% flat rate cash back (even more
for some categories), primary or secondary rental car insurance
(collision damage waiver), TSA Global Entry or TSA Precheck, airport
lounge access, travel insurance, extended warranty coverage, cell phone protection, and I'm sure that I've missed some. These extras are made possible by the high fees charged to merchants, 1.6% to 2.5% and
sometimes even more, and occasionally less (like Costco's Citibank
Visa). In the EU, with credit card fees capped at 0.3% the card issuers
can't afford these kinds of perks. Does the EU also cap credit card
interest rates?
| Sysop: | Keyop |
|---|---|
| Location: | Huddersfield, West Yorkshire, UK |
| Users: | 297 |
| Nodes: | 16 (2 / 14) |
| Uptime: | 09:17:11 |
| Calls: | 6,666 |
| Files: | 12,213 |
| Messages: | 5,336,264 |