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Wandering Adventure Party

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  3. Canada needs its own credit card payment method.

Canada needs its own credit card payment method.

Scheduled Pinned Locked Moved Canada
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  • C cyborganism

    The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

    Even with online payment systems like PayPal, GPay, Apple Pay.

    The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

    Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

    What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

    Do you think they might be refused by American companies in order to keep their monopoly?

    I’d like to know what you think.

    A This user is from outside of this forum
    A This user is from outside of this forum
    arkouda@lemmy.ca
    wrote on last edited by
    #2

    I think we need our own everything. If it isn’t being done in Canada and we are relying on someone else for it, we should be on that whenever and as soon as possible. Especially considering how unstable the geopolitical situation is.

    C F 2 Replies Last reply
    22
    • A arkouda@lemmy.ca

      I think we need our own everything. If it isn’t being done in Canada and we are relying on someone else for it, we should be on that whenever and as soon as possible. Especially considering how unstable the geopolitical situation is.

      C This user is from outside of this forum
      C This user is from outside of this forum
      canconda@lemmy.ca
      wrote on last edited by
      #3

      We’re also an international destination for education, travel, and business. We absolutely could present an alternative to VISA and expect international participation.

      1 Reply Last reply
      8
      • C cyborganism

        The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

        Even with online payment systems like PayPal, GPay, Apple Pay.

        The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

        Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

        What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

        Do you think they might be refused by American companies in order to keep their monopoly?

        I’d like to know what you think.

        D This user is from outside of this forum
        D This user is from outside of this forum
        drewaustin
        wrote on last edited by
        #4

        Not a horrible idea.

        1 Reply Last reply
        0
        • C cyborganism

          The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

          Even with online payment systems like PayPal, GPay, Apple Pay.

          The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

          Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

          What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

          Do you think they might be refused by American companies in order to keep their monopoly?

          I’d like to know what you think.

          Avid AmoebaA This user is from outside of this forum
          Avid AmoebaA This user is from outside of this forum
          Avid Amoeba
          wrote on last edited by
          #5

          We have one. We don’t use it for credit cards but we could if we wanted to. We use it for debit transactions.

          M W 2 Replies Last reply
          71
          • C cyborganism

            The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

            Even with online payment systems like PayPal, GPay, Apple Pay.

            The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

            Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

            What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

            Do you think they might be refused by American companies in order to keep their monopoly?

            I’d like to know what you think.

            R This user is from outside of this forum
            R This user is from outside of this forum
            reddig33@lemmy.world
            wrote on last edited by
            #6

            Discover Financial Networks was for sale. But instead of Canada buying it, it’s now owned by capital one. Gotta be quicker next time!

            1 Reply Last reply
            1
            • Avid AmoebaA Avid Amoeba

              We have one. We don’t use it for credit cards but we could if we wanted to. We use it for debit transactions.

              M This user is from outside of this forum
              M This user is from outside of this forum
              macrocyclo@lemmy.ca
              wrote on last edited by
              #7

              And it is orders of magnitude cheaper for retailers than credit cards.

              E 1 Reply Last reply
              28
              • C cyborganism

                The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

                Even with online payment systems like PayPal, GPay, Apple Pay.

                The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

                Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

                What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

                Do you think they might be refused by American companies in order to keep their monopoly?

                I’d like to know what you think.

                M This user is from outside of this forum
                M This user is from outside of this forum
                macrocyclo@lemmy.ca
                wrote on last edited by
                #8

                That’s one thing to add to the list to boycott the US. Stop using visa and mastercard and use debit instead.

                R 1 Reply Last reply
                4
                • A arkouda@lemmy.ca

                  I think we need our own everything. If it isn’t being done in Canada and we are relying on someone else for it, we should be on that whenever and as soon as possible. Especially considering how unstable the geopolitical situation is.

                  F This user is from outside of this forum
                  F This user is from outside of this forum
                  fodor@lemmy.zip
                  wrote on last edited by
                  #9

                  Don’t get all isolationist, my friend. Having domestic options is a good idea, but you will be dependent on international countries somehow. And that’s true for the world, right?

                  So, maybe soften your stance. Or don’t, as you prefer.

                  A Evkob (they/them)E 2 Replies Last reply
                  8
                  • F fodor@lemmy.zip

                    Don’t get all isolationist, my friend. Having domestic options is a good idea, but you will be dependent on international countries somehow. And that’s true for the world, right?

                    So, maybe soften your stance. Or don’t, as you prefer.

                    A This user is from outside of this forum
                    A This user is from outside of this forum
                    arkouda@lemmy.ca
                    wrote on last edited by
                    #10

                    I see no reason to soften my stance as it isn’t isolationist to say anything we can do on our own we should be doing on our own considering the unstable geopolitical climate. That’s true for every country, wouldn’t you agree?

                    C 1 Reply Last reply
                    2
                    • C cyborganism

                      The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

                      Even with online payment systems like PayPal, GPay, Apple Pay.

                      The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

                      Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

                      What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

                      Do you think they might be refused by American companies in order to keep their monopoly?

                      I’d like to know what you think.

                      C This user is from outside of this forum
                      C This user is from outside of this forum
                      corsicanguppy@lemmy.ca
                      wrote on last edited by
                      #11

                      Canada doesn’t need its own payment system.

                      The EU does and we’ll just be compatible. That’s best.

                      Base it all on the euro just to kickstart the greenback’s tumble from international relevance.

                      C 1 Reply Last reply
                      46
                      • A arkouda@lemmy.ca

                        I see no reason to soften my stance as it isn’t isolationist to say anything we can do on our own we should be doing on our own considering the unstable geopolitical climate. That’s true for every country, wouldn’t you agree?

                        C This user is from outside of this forum
                        C This user is from outside of this forum
                        corsicanguppy@lemmy.ca
                        wrote on last edited by
                        #12

                        Except,

                        If it isn’t being done in Canada and we are relying on someone else for it, we should be on that

                        and

                        anything we can do on our own we should be doing on our own

                        don’t mean the same thing. The former is “everything we’re not doing” and the latter is “everything we’re not doing but can.”

                        At least the light is bright from the gas.

                        A 1 Reply Last reply
                        1
                        • C corsicanguppy@lemmy.ca

                          Except,

                          If it isn’t being done in Canada and we are relying on someone else for it, we should be on that

                          and

                          anything we can do on our own we should be doing on our own

                          don’t mean the same thing. The former is “everything we’re not doing” and the latter is “everything we’re not doing but can.”

                          At least the light is bright from the gas.

                          A This user is from outside of this forum
                          A This user is from outside of this forum
                          arkouda@lemmy.ca
                          wrote on last edited by
                          #13

                          If it isn’t done in Canada, we should be on that. Whatever we can do ourselves, we should be doing on our own.

                          I know you understood what I meant, especially considering the further elaboration you cited, so if you respond I expect you to do so in good faith.

                          1 Reply Last reply
                          4
                          • C cyborganism

                            The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

                            Even with online payment systems like PayPal, GPay, Apple Pay.

                            The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

                            Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

                            What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

                            Do you think they might be refused by American companies in order to keep their monopoly?

                            I’d like to know what you think.

                            T This user is from outside of this forum
                            T This user is from outside of this forum
                            tiredofsametab
                            wrote on last edited by
                            #14

                            I know that Japan, for example, has their own independent ones, I think?

                            Many companies have payment methods like QR codes that link with bank accounts (or require manually topping up in their own system from your account via transfer or ATM) and we have that in Japan. I’m not aware of any credit card that isn’t using the VISA/MC/Amex infrastructure (unless you want to count gift cards that only work in a specific store). I don’t know if the QR codes work at all for online stuff (I’m a luddite about that stuff: cash and credit work fine for me).

                            The other thing to note that, even were Canada to create its own domestic network, travel becomes harder for Canadians until/unless any common networks integrate with it.

                            K 1 Reply Last reply
                            3
                            • F fodor@lemmy.zip

                              Don’t get all isolationist, my friend. Having domestic options is a good idea, but you will be dependent on international countries somehow. And that’s true for the world, right?

                              So, maybe soften your stance. Or don’t, as you prefer.

                              Evkob (they/them)E This user is from outside of this forum
                              Evkob (they/them)E This user is from outside of this forum
                              Evkob (they/them)
                              wrote on last edited by
                              #15

                              I read their comment as proposing to aim for potential self-sufficiency. That doesn’t necessarily imply isolationism. Developing homegrown options isn’t mutually exclusive with global trade.

                              It can just mean having domestic alternatives to assert our sovereignty in case, say, a fascist movement takes over the government of our largest trading partner with who we share the world’s longest border, or something like that. Purely a hypothetical, of course.

                              1 Reply Last reply
                              7
                              • C cyborganism

                                The US have a monopoly on credit card payments with Visa, Mastercard, American Express, Diners Club, etc.

                                Even with online payment systems like PayPal, GPay, Apple Pay.

                                The only Canadian option that I know of is the new Shop Pay, which is owned by Shopify. (And we all know the founder CEO, Tobias Lutke is a far-right fascist traitor who loves the idea of being a 51st state.)

                                Right now Visa and Mastercard are controlling what stores can sell, and what services can be provided. Censoring online content, like asking Steam and Itch.io to remove certain games.

                                What are examples of alternatives in other countries? I know that Japan, for example, has their own independent ones, I think?

                                Do you think they might be refused by American companies in order to keep their monopoly?

                                I’d like to know what you think.

                                Greg ClarkeG This user is from outside of this forum
                                Greg ClarkeG This user is from outside of this forum
                                Greg Clarke
                                wrote on last edited by
                                #16

                                Credit card charges need to be transparent and charged directly to the user and not the merchant. Otherwise there is no downward pressure on pricing and Canadian consumers will continue to get ripped off.

                                1 Reply Last reply
                                5
                                • M macrocyclo@lemmy.ca

                                  And it is orders of magnitude cheaper for retailers than credit cards.

                                  E This user is from outside of this forum
                                  E This user is from outside of this forum
                                  enkers
                                  wrote on last edited by
                                  #17

                                  The problem is there’s no incentive to use it, as you don’t get the kickback your credit card provides. I’m not sure how the CC duopoly tricked us into disallowing retailer cash/debit discounting.

                                  Y N B S J 6 Replies Last reply
                                  11
                                  • E enkers

                                    The problem is there’s no incentive to use it, as you don’t get the kickback your credit card provides. I’m not sure how the CC duopoly tricked us into disallowing retailer cash/debit discounting.

                                    Y This user is from outside of this forum
                                    Y This user is from outside of this forum
                                    yesbutactuallymaybe@lemmy.ca
                                    wrote on last edited by
                                    #18

                                    The incentive is to exchange money for goods without having to carry cash around. Like yeah you get points and shit for cc transactions but if you can’t see that the customer is not the one who benefits and it is merely a tool to drive engagement then I can’t help you.

                                    E 1 Reply Last reply
                                    5
                                    • M macrocyclo@lemmy.ca

                                      That’s one thing to add to the list to boycott the US. Stop using visa and mastercard and use debit instead.

                                      R This user is from outside of this forum
                                      R This user is from outside of this forum
                                      reannlegge@lemmy.ca
                                      wrote on last edited by
                                      #19

                                      I really wish I could.

                                      C 1 Reply Last reply
                                      0
                                      • E enkers

                                        The problem is there’s no incentive to use it, as you don’t get the kickback your credit card provides. I’m not sure how the CC duopoly tricked us into disallowing retailer cash/debit discounting.

                                        N This user is from outside of this forum
                                        N This user is from outside of this forum
                                        nul42@lemmy.ca
                                        wrote on last edited by
                                        #20

                                        I use debit whenever I can. The incentive is to not hand over 2 to 3 percent of my economy to foreigners who contribute nothing.

                                        1 Reply Last reply
                                        15
                                        • E enkers

                                          The problem is there’s no incentive to use it, as you don’t get the kickback your credit card provides. I’m not sure how the CC duopoly tricked us into disallowing retailer cash/debit discounting.

                                          B This user is from outside of this forum
                                          B This user is from outside of this forum
                                          bcsven@lemmy.ca
                                          wrote on last edited by
                                          #21

                                          Your credit card kick back has a yearly fee, and possible interest. They hope you over spend

                                          E C F 3 Replies Last reply
                                          3

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