Linked by Thom Holwerda on Mon 2nd May 2011 22:27 UTC
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Member since:
2011-01-28
Thom Holwerda,
"Visa is not a debit card. Visa is a credit card. You can't use bank cards in The Netherlands without the PIN number. It's how the system works."
I'm no expert on the matter, but as far as I know in the US, Visa/MC actually do handle the processing for all the debit cards.
My debit card has a Visa logo.
I don't actually use it, legally speaking I have no rights against Visa or my bank if they permit fraudulent purchases against my debit card. With credit cards, US law places the burden of proof on them.
It may be different in other countries that don't embrace monopolies like the US.