is this the same interac corporation that won't do anything about their god awful etransfer system? no app like venmo or cashapp? how many years did it take them to implement autodeposit? why do etransfers sometimes take 1 hour?
this post was submitted on 15 Mar 2025
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You're complaining about something Interac does that credit cards can't even do? I'll wait while you send money with Visa by text.
No. I'm comparing interac to Venmo.
In Brazil, there is no alternative :(
For a huge chunk of the internet there isn't one either. If Visa/Mastercard suddenly decide they don't want to do business with you anymore, you're fucked.
I actually need the cash back I get from my credit card though, it's more than 1000 per year
But you do understand that if credit card cash backs didn’t exist, prices would likely fall by more than the cash back?
People prefer cards over carrying cash though, and you have to kinda work to collect the cashback. Most don't bother, which is why the system is profitable overall.
Honestly I think you're better off extracting money from a large corporation you don't like (if you can, it's obviously difficult) compared to ignoring them.
For example, if you really hate a company, flood their sales line with nonsensical calls. It'll usually be a domestic agent for the sales line, and in Australia at least the average cost to answer a call fully loaded, charged by a call centre management company, is around $30AUD. You also increase demand for low paid workers. If you could figure out a way to do this en-masse for a company without annoying the individual agent, you could do some serious financial damage in a way that's probably legal.
Edit: If I hated a company, and I had a lonely/senile relative, I would give them a special phone where every button on the phone called the sales line. That way the elderly relative gets a chat and keeps their brain active, and you get to cost the company hundreds of dollars a day. The sales agent is also unlikely to be bothered by an occasional chat with a senile person to break up their day.
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Yeah that makes sense
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No one has enough money, and this trend will get worse as this trade war goes on. Unless you can replace the credit buffer this initiative is a non starter.
To many people are living partly on a credit card, we need to ether replace it with an non american credit card, some other form of credit (LoCs are harder to get at the moment) or find a way to get more money to Canadians.
I nearly asked "What about American Express?". Sometimes I wonder how I graduated kindergarten.
It's okay, there are 35(?) countries I believe in America. 1 that gets talked about a lot. Being that they are discussing this from Canada in America, I'd say it's safe to consider maybe American Express could have been from Canada. Mexico, Argentina, Brasil, and most other large countries in America aren't English primary, so it would be harder to pass them off.
From my experience, all countries in North and South America (except the U.S.) refrain from referring to anything they do as American because they would 100% be assumed to be U.S.
Indeed, it took me a while to realize the other person meant "The Americas," aka North and South America and not the US, aka "America."
Mine as well. I also used to spell Brasil with a z, but since Bubba Gump tried to rename the Gulf of Mexico I'm avoiding our naming conventions.
3 times in my life I took out a consolidation loan to corral all those costs and pay them off. Credit cards are both a blessing and a curse. Gov't should provide credit services at a reasonable, non-compounding, interest rate.
Between credit card companies, finance companies and the banks, the interest they extract yearly would put all the space billionaires to shame.
YES, I ain't even Canadian but been saying this since day, those 2 companies are such a huge factor in how much leverage this 2 party dictatorship has over majority of the world, that and Microsoft, Apple, Google etc. This is why Cash is King, and using American payment processors just feeds their power and leverage over global finance.
You can see how its affected Russia when US payment processors halted operations as part of sanctions. The only viable alternative is using Monero for online transactions and physical cash.
Monero is the only realistic and promising way of paying people online without relying on the two largest payment processors on the planet, fully under the control of the US. The ONLY crypto that's actually treated and used as a currency, rather than a stock like btc, and actually has any real world use and offers privacy.
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See, not using Google Pay is something even I, a non-Canadian, European person can do. doingmypart.jpg!
It's been convenient to use my phone to tap and pay for things. But like, only slightly more than pulling out my debit card. Just got a new minimalistic wallet with a card ejector too so it's kinda fun to use.
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