Re: [Cooker] This doesn't sound positive... [OT - bank card discussion]

[J. Greenlees]

Adam Williamson wrote:

On Thu, 2003-01-23 at 20:35, J. Greenlees wrote:

Adam Williamson wrote:

On Thu, 2003-01-23 at 15:32, Austin Acton wrote:

On Thu, 2003-01-23 at 09:02, Adam Williamson wrote:

Tiny point - you don't need a credit card. Lots of debit cards work OK.
My PayPal account uses my VISA debit card.

Funny you mention that. What we call 'debit cards' in Canada are
actually 'bank cards' or Interac. While originally intended for ATM
machines, they have really caught on in Ontario for in-store purchases. They offer this in most provinces I think, but in Ontario, purchasing
with a bank card is rampant - to the degree that many of my friends
don't carry cash at all, just a bank card. (madness)

at 1.50 to 3.00 for each purchase through interact? always knew living onthe east side of the rockies fried brains. ;-)
here if it says visa, or matercard or american express, it is a credit card not a debit card, unless you are referring to the fact that using it is going to put you into debt. :-)

Bloody hell, you get charged for it?! That's shocking. I don't get
charged for payments on the card, or for withdrawing money (though most
such cards get charged a small amount for withdrawals if they're from an
ATM not owned by the bank that issued the card). Yeah, here Mastercard
and AMEX only do credit cards, but VISA do debit cards, which are cards
which take the funds for payment directly from a deposit account, just
so we know we're on the same page here :).

yup $1.50 from banks own machine, $3.00 for other banks machines.
and $3.00 for interact payment at a store. unless you have a service charge plan that allows it unlimited, which often costs over $20.00 a month in base service charges.

Visa Canada doesn't offer the debit card services here. might be Canadian Banking laws stop them.
in the US Amex has a debit card, where you deposit money into special Amex held account and use the card as a credit card, online only. ( it functions as debit, but processes as credit card )

in canada, debit is only from the bank card not from a credit card company.

and paypal argued with me that my transit information was wrong on my account for three months. the account is 20 years old, been using transit info for a long time, I know the numbers well. ( let alone that I did work as bank teller and probably know more about Canadian Banking than any non Canadian firm. ) ~lol~