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A comment on Can the Visa-Mastercard duopoly be broken?. Parent comment

Re:Can the Visa-Mastercard duopoly be broken? by rPlayer6554 on Wednesday August 17, 2022 @07:33PM (#32503206)
That is no solution. The limits are so low you can't do serious transactions with it. I think it's 1000$ instant daily transfer max, then 2500$ daily non-instant transfer.
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Re:Can the Visa-Mastercard duopoly be broken? by toomuchtodo on Wednesday August 17, 2022 @09:24PM (#32504076)
It’s up to your bank. My max limits are $5k for known parties, $2k for new/unseasoned contacts (Chase).
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Re:Can the Visa-Mastercard duopoly be broken? by ClumsyPilot on Wednesday August 17, 2022 @09:47PM (#32504233)
So even you can't pay a rent deposit, pay university tuition or let alone large items like a car
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Re:Can the Visa-Mastercard duopoly be broken? by toomuchtodo on Wednesday August 17, 2022 @09:52PM (#32504263)
At the moment. FedNow (new instant payment rails) limits will be $25k to start, negating the issue of low Zelle limits. Progress will arrive.
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