What's the point of paying with a check?
What's the point of paying with a check?
isn't it like a debit card with extra steps? at a store I mean
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Checks predate debit cards and e-transfers by at least a millenia.
Debit cards replaced cheques in the 1990s in advanced countries. Less advanced countries like the US had to wait until the 2010s.
Less advanced countries like the US had to wait until the 2010s.
Lazy insult. Both credit cards and debit cards were invented in the US, btw.
We had debit cards in primitive Oklahoma in 1990.
The US has had debit cards for longer than most countries. You might be confusing that with the EMV chip rollout. One reason it took so long was because of how deeply embedded the non-chip technology was.
Checks were unpopular in the US well before the 2010s and everyone had debit cards well before that.
Cheques were unpopular and the US was overly reliant on credit cards.
US debit card usage in 2010 was at least 15 years behind Canada. We had tap and chip cards before you guys even accepted debit cards. E.g. San Francisco's and Seattle's transit systems didn't even accept them at all until 2017. Vancouver accepted them some 20 years earlier.
Yeah, you're confusing debit cards with EMV chips. The US used magnetic stripe for both debit cards and credit cards. The cards were identical (sometimes the only difference between two from the same bank is that one said Credit), with the magnetic stripe telling the card reader which type it was.
Tap and chip didn't catch on until the 2010s for sure, but debit cards in general were everywhere in the US. They just had a barcode you swiped.
So basically it's just old people sticking to what they know even though it's significantly more work every time they buy something