General > General Technical Chat

Credit Card, Bank Card NFC. The most useless function every invented

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retiredfeline:

--- Quote from: Halcyon on March 27, 2022, 10:35:31 pm ---you're disciplined enough to pay the balance every month as not to incur interest charges

--- End quote ---

Never had a problem. You can set up automatic debit. Of course now you would probably worry they might take the wrong amount and drain your bank balance. It all comes down to what risk you can live with.

PlainName:

--- Quote ---As for warranty extensions, they are almost pointless in countries with strong consumer laws.
--- End quote ---

Kind of. If you buy of Aliexpress your local laws are irrelevant. Suppose you buy from the Amazon marketplace and the vendor is that same Aliexpress one, just advertising on Amazon. Which law applies? I think that technically you (the buyer) are the importer and responsible for stuff like warranties. That's how Amazon gets away with a '1 month return and then up yours' policy, I think.

Edit: The other week I bought a low-cost item on Amazon and would normally have not done so because of the reviews saying the thing breaks. But I was offered a 2-year extended warranty for £1 which made the deal sweat. I normally wouldn't have taken the warranty, but it's so cheap and takes any worry about longevity away. Strangely, it's the first time I've been offered a warranty on such a low cost item, so maybe they've been reading the reviews too!

Monkeh:

--- Quote from: retiredfeline on March 27, 2022, 10:44:51 pm ---
--- Quote from: Halcyon on March 27, 2022, 10:35:31 pm ---you're disciplined enough to pay the balance every month as not to incur interest charges

--- End quote ---

Never had a problem. You can set up automatic debit. Of course now you would probably worry they might take the wrong amount and drain your bank balance. It all comes down to what risk you can live with.

--- End quote ---

Never seen that occur - have seen a card transaction for a few tens of dollars of flowers from a vending machine somehow transform into over $65k, though.. quality US bank goes 'looked legit, not our problem'.

Halcyon:

--- Quote from: dunkemhigh on March 27, 2022, 11:16:08 pm ---
--- Quote ---As for warranty extensions, they are almost pointless in countries with strong consumer laws.
--- End quote ---

Kind of. If you buy of Aliexpress your local laws are irrelevant. Suppose you buy from the Amazon marketplace and the vendor is that same Aliexpress one, just advertising on Amazon. Which law applies?

--- End quote ---

Australian Consumer Law applies to any company who sells a product or provides a service in Australia, regardless whether or not the company is based or headquartered in Australia. So yes, companies such as Aliexpress, Amazon etc... are still bound by the legislation here if they choose to offer their products for sale in Australia. They don't get to opt-out of their responsibilities just because they aren't in the country. If they want Australian customers, they must comply with our laws.

Also, resellers don't get away with it simply because they didn't manufacture the product. The seller is just as liable as the manufacturer. One cannot fob a customer off onto the other (that's illegal).

I've personally had an ACL claim against a US-based company in the past, which was ruled in my favour. Whilst the company didn't really get a legal "smack", it cost them a total refund + an additional 100% of the purchase cost at the time. That's money in my pocket for their stuff-up.

Berni:

--- Quote from: dunkemhigh on March 27, 2022, 08:48:41 pm ---Or a phone wallet, which may be more acceptable to them.

I would see it as the phone showing a QR code which the payment terminal scans and then contacts the user's bank to authorize a transfer, the bank does the transfer, then the vendor sees that it's paid for. Things like Tesco Pay are almost there. Previously it would have been unheard of because of the 2-5day transfer timescale, but nowadays I can get notification from my bank that I've just spent money at Tesco before I've pulled the phone away from the reader.

The reverse could work: the payment  terminal shows the QR code which the phone scans. Either way the phone has a link to the bank, a does the vendor, so it's all matched up in realtime.

--- End quote ---

I already have this. My phone emulates a NFC Visa debit card using an app.

This means i am not limited to using it at one specific supermarket chain, having to set up an account with banking details with them, install there app on my phone for just that one store etc...

This works on any POS terminal that accepts a Visa NFC card. This means pretty much every vendor in my country that takes cards (unless they have such an old POS terminal that only takes chip&pin cards, but i haven't seen one of those in a long time). These days some ATMs are supporting NFC too, so i means i can also withdraw cash using just my phone.

However i rarely use it and instead just use my actual Visa card. The reason being convenience. Here is the comparison of the process for paying 20€ at a cash register:
- Visa card: Take wallet out of pocket, Take card out of wallet, The cashier can already see i want to pay with card and pushes the button, I press the card on the POS terminal, Wait for beep beep, Leave
- Paying with phone: Take phone out of my pocket, Tell the cashier i want to pay with card, Unlock my phone, Open the menu and launch the banking app, Wait for app to load, Enter the unlock pin into the app, Press the NFC pay button, Place the phone on the POS terminal, Wait for beep beep, Leave

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