Digital euro clears key hurdle as EU seeks to break free from U.S. credit cards

Re:Digital euro clears key hurdle as EU seeks to break free ... by Dries007 on Tuesday June 23, 2026 @01:18PM (#48648177)

Almost all EU credit cards are automatic debit at the end of the month, i.e. carrying over balance is not even possible. You will simply be over-drafted on the linked debit account and charged a fee + steep interest if you spend more then you have. Typically until the overdraft is resolved, no further debit card payments can be made.

The only reasons to use a CC in EU are:

- online payments where CC is the only accepted form of payment

- delay payments until after receiving wage

- hotels, car rentals, and other places that lock an amount on your card

- extra insurance provided by some more premium cards (VISA Gold etc)

Ever since 3-D Secure (2FA for CC transactions, beyond the CCV code), you have been liable for any transaction that was validated by it. Your bank may still do a chargeback as a courtesy, but that's not guaranteed.

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Re:Digital euro clears key hurdle as EU seeks to break free ... by FooBarWidget on Wednesday June 24, 2026 @01:03AM (#48655372)

Things like 3D Secure only work if the merchant supports it. I still regularly encounter shops that don't trigger the 3D Secure prompt at all.

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Re:Digital euro clears key hurdle as EU seeks to break free ... by rsynnott on Wednesday June 24, 2026 @03:37AM (#48656495)

All European merchants are required to support it. When you don't see the prompt, it's due to this: https://3dsecure2.com/frictionless-flow/

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