AFAIK, currently all debit cards are US-based. Mastercard - US based, VISA - US based. We used to have girocard in Germany, but it’s being phased out by most banks in favor of one of the US solutions. There used to be the EC system but as I understand it, it’s gone for a while now.
Do we currently have any card-based European payment solutions? How much money do we actually give to the US just for the luxury of being able to pay by card?
Do these us solutions actually affect us as long as we’re only doing regular SEPA payments?
As far as I know, SEPA payments don’t go through networks like Visa and Mastercard (or CB), it’s a different system. Do you even need a card to pay by SEPA?
When I do SEPA transfers via my online banking I only need to enter source and destination bank account information.
I have literally no idea, it would be great if someone more knowledgeable could enlighten me. All I see is the logo on my banking card and the card payment thingy so my guess is they somehow get paid?
What I do know however that they get money for the “Bezahlkarten” that Germany introduces in order to strip refugees of their bank accounts and the ability to make bank transfers as they please (among other reasons).