this post was submitted on 24 Jul 2025
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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.

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[–] cyborganism@piefed.ca 2 points 2 days ago (1 children)

My chequing account is tied to a credit margin. Any overdraft is added to the credit margin which I can pay off later.

The other thing about CCs is the security of having extended warranties, travel insurance, fraud protection, etc.

[–] wampus@lemmy.ca 2 points 2 days ago (1 children)

Interac has things like extended warranties and fraud protection, it's just not 'generally' as good. Like here's one from a mid sized CU in BC, community savings, talkin bout some of the perks. The extended warranty part reads as:

Extended Warranty doubles the repair period on a manufacturer’s authorized Canadian warranty up to two extra years for purchases made worldwide. It covers products with a manufacturer’s authorized Canadian warranty of five years or less.

That coverage is better than some CCs from what I can tell, as many CC's cap it at one extra year.

[–] cyborganism@piefed.ca 1 points 2 days ago

That's pretty damn good!