Re:Walmart Canada stops accepting Visa cards
by PhantomGremlin on Sunday June 12, 2016 @02:25PM
(#11889477)
I'm personally very uneasy about directly exposing my bank accounts
I think ACH is probably worse than debit cards.
We had some sort of discussion here a few days ago (I forget exact topic, maybe Swift?). Someone linked to why Donald Knuth no longer sends checks to people: http://www-cs-faculty.stanford.edu/~knuth/news08.html
It's an old rant, but if anything, things have gotten worse.
We desperately need some sort of cryptographically secure means of moving money. But it can't have all the baggage of Bitcoin.
People can do what they want, but I'm personally very uneasy about directly exposing my bank accounts, so I use credit cards as a buffer. Moreover, I don't have a lot of faith in banks not engaging in shenanigans that I've seen them do to me before, like transaction reordering, double charging debit transactions, debiting charges immediately, while sitting on deposits for up to a week, etc.