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Canada needs its own credit card payment method. (piefed.ca)

submitted 4 months ago by cyborganism@piefed.ca to c/canada@lemmy.ca

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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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[-] avidamoeba@lemmy.ca 79 points 4 months ago

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

[-] MacroCyclo@lemmy.ca 34 points 4 months ago

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

[-] Enkers@sh.itjust.works 15 points 4 months ago

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.