You might want to have a look at the usage stats of payment cards (here specifically credit cards) globally. You would realise that usage is low in Europe, compared to the US. https://www.theglobaleconomy.com/rankings/people_with_credit.... Most payments are done with regular banking and/or bank specific cards. The latter are not accepted by online platforms, the former has indeed transfer fees in many countries. The grandparents explanations are valid.
"Bank specific cards" are actually debit cards. As an EU-based end user I see basically no practical difference between the two (I have both a MasterCard credit card and a Visa debit card), except that many US-based online stores' payment processors refuse to work with a debit card.
Yes, but not necessarily MasterCard/Visa debit cards. Germany's Girocard for example is a national debit card scheme that does not use any of the American grifters. Unfortunately, it's being phased out in favor of MC/Visa because the EU fee cap on national schemes is much lower than for MC/Visa and so banks can make more money off of you.
We're just standing by and watch our dependence on American grifter megacompanies larger every day.
I literally do not know anyone without an EMV-based payment method, usually Visa or MasterCard. I have also never used the Girocard my bank provides in addition to the Visa debit- (and in the past actual credit-) card.
I also see more people paying with their phone/smartwatch than any physical card these days.
I've lived in the EU my entire life, in three different countries. I have visited and have friends in many more countries. Literally everybody I know has either a visa or mastercard debit card. Yes, people dont use credit cards specifically, they use debit cards, but it literally does not matter, the infrastructure is the same. Seeing ignorant Americans talk about Europe online like it's some backwater that doesn't even have card payment, is frankly offensive.
German here. As I've written in another comment in the thread [1], Europe as a whole has markedly lower adoption for the international credit/debit cards than the US, as most countries have had their own schemes for decades (e.g. Germany's Girocard) so there was no need in practice to get one of the international ones. For vacation, we were used to going to money exchanges anyway so there was no need to get a bank card that worked outside of one's primary country.
And even for those who have credit cards, they are "pay in full at the end of each month" cards, not American-style revolving credit cards. And stuff like the "cashback" cards of Americans, that's also not very common here since the "cashbacks" are actually paid for by the merchant on top of the interchange fee - but there's an EU law that places a hard cap of IIRC 1% on the merchant fees, so there is barely any way for banks to incentivise people to use credit cards.
And on the bank side, here in Europe we also don't really have that "debt holders can just sell off defaulted debts" thing, so banks can't offload the risk of defaults to someone else. And if that's not enough, we also got very strict laws on who can get approved for a credit card and for which limits - stuff like 20 year olds with 20, 30k of credit card debt are truly rare unless the parents of said young people are rich enough to back such a massive CC limit.
> For vacation, we were used to going to money exchanges anyway so there was no need to get a bank card that worked outside of one's primary country.
Strong disagree, being able to withdraw cash at corner stores or pay with cards directly beats having to guess how much cash you need to exchange beforehand. And a number German banks have offered free credit or debit cards for decades.
> And even for those who have credit cards, they are "pay in full at the end of each month" cards, not American-style revolving credit cards. And stuff like the "cashback" cards of Americans, that's also not very common here since the "cashbacks" are actually paid for by the merchant on top of the interchange fee - but there's an EU law that places a hard cap of IIRC 1% on the merchant fees, so there is barely any way for banks to incentivise people to use credit cards.
True but that doesn't affect their usefulness as payment methods - EU customers can largely pay with "credit" cards just fine.
Depends! If you only have a classic Girocard in Germany, iDEAL in Netherlands, Przelewy24/BLIK in Poland, Bancontact in Belgium for example, you will only be able to use it on services that support them. Amazon and PayPal support these schemes (as well as SEPA Direct Debit), but other than these, it's rare for non-domestic services to be accepted.
International payments are a huge huge goddamn mess and I do not envy anyone who has to deal with their peculiarities.
