this post was submitted on 27 Mar 2025
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How to get rid of Mastercard and Visa? (feddit.org)
submitted 5 days ago* (last edited 5 days ago) by minilemmy@feddit.org to c/buyeuropean@feddit.uk
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Hey guys!

Visa and Mastercard are the 8th and 15th biggest companies in the world, worth more than 1.1T USD (!!!).

For any purchase made with a credit or debit cards and you give them 2-3% of your money.

That's one the biggest waste of money from EU you can imagine.

I'm trying to find viable alternatives but except paying cash it seem there is no real alternative. Even in where I live there is an alternate payment service but they take the money from my mastercard, duh...

And the idea would be to have something even my grandma can use, not some nerdy solution, any thoughts?

Edit: Bitcoin would be a solution if widely adopted, but more realistic would be something accepted by every cashier machine, and if possible using the NFC of your phone, a kind of "Apple/Google" Pay, that goes directly from your bank to the bank's shop. Where I live all debit cards are either visa or mastercard...

Edit2: There is an EU initiative that seem to be starting with WERO, never heard of it: https://en.wikipedia.org/wiki/European_Payments_Initiative

Edit3: It seem that Paysafecard and Skrill are EU solutions and sometimes proposed in the payment method, but not with STRIPE payment solutions

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[โ€“] Dyskolos@lemmy.zip 4 points 5 days ago* (last edited 5 days ago)

Technically you're right. The merchant pays the fee. But, those transactional costs are overall calculated into the prices. Like everything else e.g. transportation, packaging, wages, theft, breakage etc. So in the end it's the customer paying those 2-3% even though no price changes if you change payment.

As for the boycott: yes, sure. Voting with your wallet always works. The problem is how deeply they're burrowed into the system globally. The merchant doesn't care, it wants its money in whatever way. But if they don't offer an alternative, you can't boycott it (unless you erase that product from your life or find another merchant). And if you don't boycott it, they don't offer an alternative. Also most people simply don't care at all....