Why the banks want a cashless society

6 months ago by GodlessCommie to c/latestagecapitalism

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smuuthbrane 5 points 6 months ago

Does nobody use debit FFS? Card-based, zero fees. Don't act like there's only two options.

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pfunk1978 1 point 6 months ago

Erm... Pretend like I don't know what that is.

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smuuthbrane 5 points 6 months ago

You use your bank card to use money in your bank account (or credit union account) to pay for things at the point of sale. Insert or tap the card, and pay for things.

Is that seriously not a thing elsewhere??

We also have built-in money transfers, where we can directly pay for things by electronic transfer. No need for any of those 3rd party apps you hear about.

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prole 5 points 6 months ago

My guess is that they thought you were referring to something called "debit FFS"

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Hawk 3 points 6 months ago

It's pretty much default in Europe. I feel like credit cards mostly gained popularity here because American companies required them.

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captainlezbian 1 point 6 months ago

It's all I use here in the US.

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Auli 1 point 6 months ago

INTERAC? Canadian? Orbdoes another country do this.

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