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  #61  
Old 09.01.2015, 13:38
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Re: The concept of a VISA debit card

Also, if you have online account that only accept debit cards and chanrge extra for credit cards you're in trouble.

I'd love to have a VISA debit card to deposit money to various online services I use but instead I now endure 1.5% charge fee because it's a credit card VISA. (trading accounts for example have that. Even paypal!)

Anyone heard if prepaid cards maybe could work as Visa debit cards in CH?
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  #62  
Old 31.01.2016, 23:06
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Re: The concept of a VISA debit card

Does any one from the world of banking know if Swiss banks are contemplating the concept of a Visa debit card at all? I now send my bank a message every time my Swiss Maestro debit card does not get accepted for payment (some train company machines in the UK and Germany are my latest examples) or when I am forced to pay an extra fee to pay by credit card (eg EasyJet is one I can think of - I am not sure if that´s still the case lately). If we all start this sort of campaign with our banks (also to destroy their permanent line of "but the card is accepted everywhere" - it is not and I have to pay commissions for using a credit card because you give me a limited debit card!), maybe they start realising this is something customers are serious about? And yes, it has to be foreigners as the concept of a Visa debit card is alien to most Swiss people, who will just repeat the "but the card is accepted everywhere, why do you need something else?" dogma. But hey, this is also the bank system where I am required to manually enter around 20 digits every time I want to pay a bill, hardly cutting edge...
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  #63  
Old 31.01.2016, 23:27
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Re: The concept of a VISA debit card

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concept of a Visa debit card at all?
You mean V Pay? https://en.wikipedia.org/wiki/V_PAY

The thing that "them" recently started introducing because Visa Europe offered much better terms to the issuer? (And the only Visa debit card I am aware of).

The thing which Wikipedia says about "Unlike Maestro, which is issued and accepted globally, V PAY is designed as a specifically European product, and is not issued or accepted outside European countries."

Looking for solutions?

* EasyJet: https://www.easyjet.com/en/policy/payment-options
* Credit card(s): https://en.comparis.ch/kreditkarten/default.aspx
* Cash
* Paymit, Twint, ...
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  #64  
Old 01.02.2016, 00:04
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Re: The concept of a VISA debit card

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Umm...no. Visa Debit.
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  #65  
Old 01.02.2016, 00:18
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Re: The concept of a VISA debit card

See? People in this country don't even know the concept. I'd say it's not going to happen, get one with one of the big players like Lloyds International etc and pay the fees

Switzerland in so many ways feels like it's still in the 90s compared to the rest of Europe. Maybe that's why it's successful, who knows. The 90s was a good decade
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  #66  
Old 01.02.2016, 00:24
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Re: The concept of a VISA debit card

I seem to recall Corner Bank issue a Visa Debit card. They also issue the Miles and More Visa Card which is very useful as it gives miles for your spend (assuming you fly Star Alliance that is).
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  #67  
Old 01.02.2016, 00:42
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Re: The concept of a VISA debit card

With so many international offers for credit cards around, isn't the best way to vote with your feet?

OK, I'd prefer to have a Swiss CC which allows spending internationally without fees. But there are so many people not willing to change their behavior here, it's not going to happen. The banks can fleece them, so why shouldn't they?

I use the migros + coop credit cards inside Swizerland. They're denominated in CHF and 100% free.

Outside of Switzerland I use a combination of
  • Transferwise / Currencyfair (CH-->EU transfers)
  • dkb.de / number26.eu (EU accounts with free EUR-denominated debit cards)
  • revolut.com / weswap.com (for transactions outside of CHF/EUR)
I hate the hassle, but one gets used to it over time.
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  #68  
Old 01.02.2016, 00:46
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Re: The concept of a VISA debit card

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I seem to recall Corner Bank issue a Visa Debit card. They also issue the Miles and More Visa Card which is very useful as it gives miles for your spend (assuming you fly Star Alliance that is).
Now this is a gem! It looks like a proper debit but since we're in CH the site is not in English and barely has any info on it. Like how much it costs, it also looks like it's not linked to a bank account

Anyone using the Corner bank debit card here to help?
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  #69  
Old 01.02.2016, 09:22
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Re: The concept of a VISA debit card

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I seem to recall Corner Bank issue a Visa Debit card.
I do not see that at https://www.cornercard.ch/de/privatkunden/index.html and would be somewhat surprised to find one.

https://www.cornerbanca.com/ch/html/...nti/index.html does not offer a Visa debit card, either for the current account (they offer maestro - i.e. MasterCard debit)
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Old 01.02.2016, 11:29
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Re: The concept of a VISA debit card

Sorry, I stand corrected. I thought my wife had one but she just told me that she has a pre-paid Visa debit card which she can top up from her credit card. However they make a charge to credit the card which I find scandalous but she keeps it in case of an emergency or where a credit card is not accepted.
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  #71  
Old 02.02.2016, 09:42
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Re: The concept of a VISA debit card

I remember comparing Cornercard with the ones offered on the M&M website and settling for the Swisscard ones - I think the winning factor was no monthly fees. All fairly straightforward, good customer service, etc. https://www.miles-and-more-cards.ch/en/ My partner has it too. And as there are no fees, you can opt to use just one (you get both the MasterCard and American Express).


As for debit cards, I will live in hope...
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  #72  
Old 11.03.2016, 06:24
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Re: The concept of a VISA debit card

So if it helps... I believe that Swiss banks don't offer Visa Debit cards because they won't make as much money. As I understand it, Visa gets a bit of the $ from the point of sale but with the existing system, the banks get a bit (because they get cash back from Maestro). So its really about protecting their income, not providing a service. The trouble with that is, there's no incentive for a disruptor to come and change the paradigm.


This is not the only country with this 'problem' whereby the masses don't know better and everything is geared to work 'that' way rather than sucking on the tit of Visa..
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  #73  
Old 11.03.2016, 07:49
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Re: The concept of a VISA debit card

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there's no incentive for a disruptor to come and change the paradigm.
The disruptor exists. It is called cash. It is totally anonymous. Zero monetary cost in changing hands. Very limited amount of storage cost for most users (as opposed to negative cost of holding!)

Alas, quite a few of these things that we have accustomed to in transaction handling come at a cost - in this case primarily interchange fees. And, of course, every single issuer of plastic will do his/her best to protect that source of income.

I pay zero amounts of <currency unit> of fees for
  • retail banking services
  • two distinct label debit cards
  • two distinct label credit cards
  • withdrawal of cash at any ATM all over this planet (and, no, I am not getting fleeced on the foreign exchange rate - at least not more than in normal retail banking)

Why, on earth, does a customer need _that_ "Visa Debit" product? What does it offer on top of services provided such as Maestro, Postfinance card, useful credit cards, online banking, ...? Wikipedia (https://en.wikipedia.org/wiki/Visa_Debit) makes unsubstantiated claims "the more powerful Debit MasterCard or Visa Debit" products - so where is that (added) value?
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  #74  
Old 11.03.2016, 07:54
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Re: The concept of a VISA debit card

Well I support the cash approach. But the OP wants one for online purchases so..
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  #75  
Old 11.03.2016, 13:31
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Re: The concept of a VISA debit card

Debit and Credit card differ in the approach between bank and customer:

The Credit card actually gives "credit" to the customer. If the customer doesn't (or can't) pay up, the bank is screwed, as the payment to the merchant is guaranteed.

This risk is offset by the bank charging the merchant a fee, typically around 2%.

The Debit card, while looking and feeling practically the same, charges the customer account in the second the transaction is executed. It's either prepaid or linked to a current account, from where funds are withdrawn in real time. If there are no funds, the transaction is declined. As such the bank's risk is "zero" - they will always get their money at a rate of 100%.

This "non"-risk is reflected in a lower charge towards the merchant, who is typically charged around 0.2%.

The latter fee is purely for handling the transaction, the first fee includes a risk-premium.

In Switzerland the risk of non-payment is relatively low. As such banks have a high incentive trying to push "credit cards" over "debit cards", as this will allow them to charge the risk premium where there's practically no risk.

As long as the MAJORITY of merchants (and customers) do not understand this, the banks have no incentive of changing their strategy. Hence no debit cards available.

If you want a debit card, why not go for an international card such as revolut.com or weswap.com or the like?
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  #76  
Old 15.03.2016, 23:58
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Re: The concept of a VISA debit card

I am not sure about VISA debit in Switzerland, but I am using MASTERCARD debit from POSTFINANCE.
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