Payment methods discussion thread

Payment methods discussion thread
Which one do you use the most often?

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My Amex. There's literally only one place I've been to it's not accepted and I get great rewards for it.

But you can also link it to contactless payment systems on your phone, so it's a moot point and you're a retard.

Try leaving the USA from time to time.

Paypal for online payments. Debit card for everything else.

in germany we use ec cards.
we have basicly 0(.1) fraud with this cards.
They use a chip the magnet stripe is just a backup if u do a vacation in Bulgaria.
Works fine and fast. U use a pin or sometimes ur signature.
online we use normal online banking.
most germans don't own a credit crad only those who often leave the country.

i like cash tho. my bank doesen't need to know where i spent my money..

>samsung pay at the bottom

Lmao its literally the most useful one

No point using it while we already have Android Pay.

nice try banksters, cash obv is the best
youtube.com/watch?v=6ZCVQHtD2l4

Samsung pay is accepted at more places and has better security

There's no point using it if your phone isn't samsung, true. Because it won't work

I'm only paying in cash i don't care.

Good amount of satire in this image, subtle but I got it. Eagle-eyed as ever, I am; you won't find much slip past me haha. Have a dogecoin for your efforts good sir!

>using money you don't have is god tier
>using money you have is alright tier

This. Work at cheap ass retail and it works on card machines without a chip reader.

In europe everyone moved to chip and pin years ago, and in most major cities everywhere takes contactless now. America is so weird with this needlessly slow adoptuon of ten year old tech while everyone already moved past it. I haven't swiped and signed in years - well except when i went to india on holiday. Thats the tech level you guys are at right now.

>not using Amex
LOL poorfags :^)

Apologies for this german nazi faggot, we don't usually imitate 14 yo kids writing like u and ur.

this chart is pants on head
can't tell if OP is trolling or it's what Americans actually do when they are not sitting on their roofs wearing red plastic cups

Tap + Chip & Pin + Swipe
Interact

If you pay it off on time and don't spend more than what you actually have in your current account, then there is literally no reason to use debit cards.
Credit gives you discounts, cashbacks, protection, and are much cheaper to use abroad compared to debit cards.

>If you can pay it off on time and don't spend more than what you actually have in your current account, then there is literally no reason to not just use cash/debit

Fix't

For the last half of a decade I've been living in a 3rd world shithole where cash is still king (and banks make you pay large quarterly "activation fees" on any kind of card so I don't bother with them), but back in States my parents used a debit card for the same reason. And it's dumb.

Here's why;
>Your card gets stolen or skimmed and all the sudden there's 5 thousand dollars you can't remember spending on your statement. If it's a credit card, the bank's money is what got spent; they will move heaven and Earth trying to find the fucker that did it and get their money back. You don't lose a dime. Debit card? Your money, and not a security problem on their end so the bank isn't giving you back shit.
>You can get gas, air miles or straight cashback by using your credit card. That's never a thing with debit. If you've got a modicum of self control you just don't spend more than what's on your account, and you automatically pay in full every month. Bank can't legally charge any interest. You still get the rewards.
>Just having a credit card around for unexpected emergencies. Why the fuck not, it's free and you have absolutely nothing to lose.
>Building credit rating is bretty nice and gets you all sorts of perks down the line in a ton of important shit.

>Buy holiday with debit card
>Company goes bust
>You lose your money

>Buy holiday with credit card
>Company goes bust
>You make a claim and get your money back
Using credit card is literally a free insurance in most cases.

EC Karte ist schon praktisch

Seems like mastercard has become the thing where I live. I even got a new bank and no Visa just mastercard.

I use tap on my annual fee-less CC about 90% of the time, the other 10% I need to chip + pin.

Earned $410 of cashback using my CC last year.

>Credit gives you discounts, cashbacks, protection
Of course credit card companies just give you free gifts without making a profit because they're so nice

I've never seen magnet stripes in BG
Its always been chips
And I was surprised to see a ted talk on YouTube about Americans getting "secure" credit cards with chips few yrs ago
Are you a mehmed

Last time I checked, here in Northern Ireland literally all banks/building societes do only Visa Debit and MasterCard Credit.
I think only 1 bank does it other way around.

There's lots of benefits, credit score increases and savings from using creditcards.

I don't even have to pay my creditcard because every 30 days it automatically withdraws the full balance to pay it from my savings account, and each month whatever cashback I earn gets dumped into the same savings account. When you have it setup like this the grace period is extended to 30 days and there is never interest.

Ontop of the cashback, during those 30 days the money is still in my savings account getting 3.25% interest. I usually spend about $2000 per month on my CC and that means there is $2000 in my bank account getting 3.25% interest each month that otherwise wouldn't be there if I was using debit.

That's what I was thinking as well until one day I actually done some research into credit cards. You don't spend a penny more, but you get benefits because retailer is getting charged more while you pay with credit, and therefore bank makes more money.

And you need a Samsung device, which anyone who buys Samsung needs to be hung and their balls cut out.

At least with Android Pay you can use ANY Android device that has NFC support, which is literally any Android device.

And I'm pretty sure Android Pay is even more widely accepted than Botnet Pay.

Why is samsung pay shit tier?

As long as you own a samsung phone you'd be retarded to use anything else.

Samsung pay works on ANY credit card reader, regardless if it's contactless or not.


The only readers it wont work on are the insert type scanners at gas stations and ATMs.

Why would I?

see

...okay?
>As long as you own a samsung phone you'd be retarded to use anything else.

Samsung pay uses MST and NFC. Android pay only uses NFC

how is it better?

i use master card master race with chip because my bank is stuck in 2000s

Ich will deine Mutter ficken

I pay everything I can in cash because the privacy features are unbeatable.

I use debit card IRL and prepaid cards online

Debit instead of credit because nobody uses credit in my country anyway

And the prepaid because banks are FUCKING RETARDED here and I don't trust my money on the internet 24/7
Also you get taxed according to your savings and how much you spend

>Discover
>Hipster card that noone accepts.

You guys have valid points, but I do hope you're aware that most banks nowadays have fraud protection on debit cards(as long as you report that shit asap) Plus any fucker with an ounce of techy in em should know how to enable text alerts when your card is used.

>Samsung pay uses MST and NFC.
Fucking this

It sucks it's a samsung exclusive, but you're ignoring facts if you think apple pay or android pay are somehow better.
Samsung pay is the most advanced phone payment system currently.

what's wrong with prepaid card?
are you a good goy?

cash, because I don't want there to be a list of every single thing ive ever bought in my life...

oh no, 'THEY' will know.
I actually want to have a list of every thing I have ever bought. And if there is something I don't want to be seen, then I can hit ATM and use cash.

chip and pin is shit. yuros are retarded, swiping takes less than a second whereas i have to keep my chip card in the reader for 30 fucking seconds

most places you don't actually use the chip reader you know

you hover the car over the machine for 1 second and put it back in your wallet, it's faster than a swipe and signature.

Swiping may be quicker, but the downside is that they store your damn card info in plain text on the magnetic strip. That is why America is trying to get people over to the chip. Unforgettably people are fucking stupid.

>chip and pin is shit. yuros are retarded, swiping takes less than a second whereas i have to keep my chip card in the reader for 30 fucking seconds
What the fuck are you talking about
>Contactless: less than a second from the time you touch
>Chip + pin: authorised immediately as soon as you enter last digit of your pin.
>Swipe: No fucking idea. I am 25 so never had a chance to use it.

>30 fucking seconds

We've had chip and pin for a damn decade up here in Canada and the terminals are never more than a few seconds

>be in UK
>Have Amex
>it's accepted almost everywhere these days; the only place I regularly go that it isn't is Aldi.

How did you get Amex in here? And Why? And in what city is it being accepted?
Here is Belfast it's only contactless visa, mastercard, android pay and apple pay.

Costco do an amex card. It's useful because I get all my fuel there. I got it because I wanted to build my credit score and have it for protection on large purchases. Liverpool.

I can't hover my card. I have to insert the chip into a slot, type my pin, and wait for it to work before I can remove the card.

Anyone else use cash so you get to touch qt cashiers hand?

I use credit cards most often for the conscience and security. I also like to carry a very slim wallet. However, cash is still king I think. It just feels better, six corporations the, the government and my mother don't know what when and where I bought something and then try to profit off that information. Taxes, selling my data, getting me to sign up for programs and sending me more fucking emails.

Visa is GOAT, works great over seas as well.

No JBC or Diner's Club?

I had the option of requesting a new card with contact less payment about a year ago. They didn't do it automatically, check online user, the hover is the best way imo, pins take too long.

MasterCard and Visa are accepted literally everywhere around the world. For usage abroad, I found that MasterCard usually has better exchange rates, but the difference is marginal.

Murrica is behind. Hop on one of these smartphone apps to live more like a cultured European

I recently went to Norway, Greece and Belgium the exchange rate fee was better than what my bank would give me back home before I left. I do have a travel oriented card.

As an aside, it was less expensive to feast at seafood restaurants on islands where the fish were caught the same morning than it was to boil pasta and sausages in a tent on a mountain in Norway.
Greece as a country is a huge clusterfuck of lazy, greedy, mindlessly shouting and pointing degenerates. Would recommend.

I still prefer cards over the apps.

Why chip + pin takes over 30s in the USA to authorise?
Are you sending a 2nd class letter to your bank with a request to authorise it each time?

>using credit

Americunts kek, enjoy your debt.

I think I am the only adult European in this thread that actually understands benefits of credit cards over debit.

It's more like 7 seconds, that guy is just memeing

Why would you ever use credit? Maybe travelling, but even when I travel I rarely ever needed to use credit.

see
tl;dr: travelling, cash rewards, insurance, better protection, and while it all adds up you basically end up saving money.
Of course, if you don't pay it off on time, it will cost you more.

A lot of bars don't accept Amex. Nor do porn sites.

Don't use any plastic. They all track you with it.

Use cash.

But the best thing about Amex is the service and rewards.

Cash is the only acceptable option. Anyone who is carrying less than 500$ is a fucking deadbeat loser.

I have never understood paypal in the store, so you go to the store and type in your username in password then press accept? You might as well just write a fucking check at that point.

>credit cards
>better than debit
spending money we don't have and yadda yadda, you know the quote.

Benefits of credit over debit cards have already been explained multiple times in this thread. Take 5 minutes to read it.

>Debit cars

Are you retarded?

have fun getting mugged
I'll go out of my way to pay for things with cash, but srsly, if you're not planning on any bigger purchase today, 2x daily groceries budget is okay imo

will I be a badass cop who saves the day while everyone else stands around with their thumbs up their asses?

You do know you can pay it off right away right? The advantage of credit cards is that you can dispute things on your statement. You'll just get fucked if someone steals your debit card info, with a credit card you can just dispute it.

>using cash when not buying drugs or at some outdoor carnival of some sort

Pleb central

>The advantage of credit cards is that you can dispute things on your statement.
You can't dispute stuff on your debit card statement? What kind of 3rd world shithole do you live in?

Doesn't change the fact most people create mountains of debt for themselves using credit cards

>Samsung Pay that low
That's just fucking wrong. Shit works with magstripe and NFC meaning you can use it basically anywhere. Not to mention they've had a ton of promotions for free gift cards. How could anyone say Apple or Android Pay are better in any way?

This guy knows what he's talking about

this guy doesn't

My American Express Blue card

works with Applepay,

gives me great reward points I can use in Amazon to buy shit,

has fraud protection so if someone steals it/hacks me they will cover any unauthorized purchases

has no annual fee of course (I wouldn't even bother with any card that did)

It even has freaking extended warranties which I've already taken advantage of

>buy a blu-ray player at Best Buy
>13 months later blu ray player fucking dies, freezes during playback
>allmyrage.jpg
>file a claim through website
>send blu ray player off
>get a credit for the price of blu ray player on my card

Fuck any other card, this is where it's at.

The only problem is there's a couple of places where they don't take Amex, think small town sandwich shoppes etc.

Nearly anything I could want ever want cheaper on the internet, except food.
Basically, I only use cash to buy groceries now.

Also, what do you do with your spare change?
I don't want to give 12% to coinstar but I also don't want to be that guy who pays entirely in coins.

Its eye opening to see non-nigger populated areas.

Can they trace the serial number to build proflies of how the cash has been used?

Put into jar and pay into bank once it's full. I just saved £600 like this last year.

Doesn't mean shit when Knox is as porous as Swiss cheese

don't you have to roll it or something?

not here in the US

I give them a bag of coins they give me dollars, sometimes i just deposit it into my account

You can exchange your change for gift cards with no 12% fee at some Coinstar machines. I get Amazon cards occasionally. You just have to go on their site and see what locations offer which gift cards.

In the UK, you just go to bank first, ask for 'money bags', you sort your coins into these and bring it back to bank. You will pay full amount into your current account with no extra fees.

I wanted to ask what's so bad about paying in coins and then I remembered in US they go only to 0.50.
(Largest coin is 5.0 here, first bill is 10.0)

>Credit card: it's a bank's money and they'll stop at nothing to get it back

>Debit card: it's your money so they'll work on getting your money back when they get around to it

Discover and Amex do not belong together, and neither is hipster.

Amex:
> I need an exclusive credit card to remind me I'm a rich faggot

Discover:
> I ruined my credit score on all my other cards because I'm a dumb nigger

Why does anyone use android/apple/samsung pay? It just means they get to collect more data on you and it isn't any easier or faster than tap to pay and isn't really any better than just manually entering your pin.

If it meant getting discounts/ cashback/ offers etc then I'd use it sure but you don't

I use tap to pay when I can as I get 5% cash back on it.

that reminds me of the time I was broke as fuck in the UK and paid something like £5.40 with 2p coins only
I used self checkout so the clerks wouldn't murder me while counting the coins

There aren't any (contemporary) 50 cent coins, and dollar coins are somewhat common. Vast majority is still 1 5 10 25 cent coins.

>Credit card: it's money the bank lent you so give it back, fucker, should be more careful with the card

dollar coins exist but they're so rare and almost no machines accept them so they end up in the coin jar like every other coin and never go back in circulation