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A comment on Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment. Parent comment

Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by Fnoord on Wednesday May 20, 2026 @12:35PM (#48210375)
You cannot do a chargeback on iDeal, but I don't think that is related to it being a product of commercial banks.

The American companies Mastercard and Visa are subject to American rule of law. In the case of a criminal or authoritarian president, such is an issue. You can see how Russian assets got frozen and SWIFT stopped working for Russia after they did the full scale invasion of Ukraine.

Should the USA invade Greenland, they could stop bank payments done via Mastercard or Visa networks.

So for sovereignty, we are better off without USA. We should also transfer our gold and other assets out of USA, since the country is moving towards fascism.

[ Parent | on HN ]
Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by econ on Wednesday May 20, 2026 @03:17PM (#48212626)
Imagine old Europe counting their own beans. The level of absurdity to outsource it to whomever...
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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by worik on Wednesday May 20, 2026 @04:27PM (#48213638)
> You cannot do a chargeback on iDeal,

Odd. How is a transaction reversed after a dispute?

[ Parent | on HN ]
Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by Fnoord on Wednesday May 20, 2026 @11:47PM (#48217643)
You can't do that with an iDeal transaction. And it is a reason I (European, preferably using European products) often go for a debitcard instead, using Visa/MC... that, or PayPal. But if you have too many disputes on PayPal, they'll simply close your account.
[ Parent | on HN ]