Quote:
Originally Posted by SwirlsGirl
when we rid ourselves of 3rd party for profit parasites it will be better for merhchants and customers alike
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As for now we need the credit card companies unfortunately and they know it and they take advantage of their position.
I can't wait for the pan-European direct bank debit system to launch. With this system the client is directed to his own bank, approves transaction, and the payment is transferred from his bank account to yours and can't be cancelled/charged back etc. This will also work great against content thieves because the bank transfers won't be anonymous so you know who your customer is.
Do you have something similar (direct bank debit) coming in the USA? Please say yes. It would be so nice.
As for banks screwing you... there's always been competition between banks so it pays to shop around a little and compare fees.