Re:Tech Sector Feeling Covid-19’s Economic Pain
by gruez on Friday July 31, 2020 @10:24AM
(#24008836)
>Either that's not a full story, or Russia has some _interesting_ banking system.
No, we have it in the states as well, see: https://www.nytimes.com/2013/07/01/business/as-pay-cards-rep.... Basically what happens is that you don't get a paycheck or deposit to your account. Instead, you get your pay deposited to a debit card, which you can then use to withdraw money or transfer to your own account. Since the account is technically controlled by the company and not you, it's easier for them to seize your money. It probably doesn't help that russia has high corruption and low consumer protection.
No, we have it in the states as well, see: https://www.nytimes.com/2013/07/01/business/as-pay-cards-rep.... Basically what happens is that you don't get a paycheck or deposit to your account. Instead, you get your pay deposited to a debit card, which you can then use to withdraw money or transfer to your own account. Since the account is technically controlled by the company and not you, it's easier for them to seize your money. It probably doesn't help that russia has high corruption and low consumer protection.