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.
Erm… Pretend like I don’t know what that is.
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.
My guess is that they thought you were referring to something called “debit FFS”
LMAO
It’s pretty much default in Europe. I feel like credit cards mostly gained popularity here because American companies required them.
It’s all I use here in the US.
INTERAC? Canadian? Orbdoes another country do this.
Many, most? It may go by different names. “Debit” is more of a generic term for the type of process. https://en.wikipedia.org/wiki/Debit_card#Debit_cards_around_the_world
Yes, Interac. I am Canadian. Elbows up.
Merchants pay 2% to Interac. They charge you for this in the purchase price. There is no free in finance.