• Sustainability

  • Is the Mastercard a credit or debit card?

@New-Raspberry-Skunk-2371799330#247706 Yes, you can add your cards to Google Pay or Apple Pay.

    @New-Raspberry-Skunk-2371799330#247709 In Nederland worden in de meeste winkels en supermarkten enkel Maestro en V-Pay kaarten geaccepteerd, niet Mastercard (Credit).

      If I want to rent a car, can I use this card as credit card for the rental?

        @Filipe-Purple-Lion#247730 Sure. Just make sure that there is enough money on your connected account to cover for the payment and the full deposit. The payment won't go through otherwise.

          2 months later

          So all Dutch merchants are going to be accepting Debit Mastercard/Visa in the near future because of the retirement of maestro/v-pay. Most acquirers are currently updating the terminals to accept them. Since Bunq started labeling their cards as creditcards, these will not work in all those stores that decide not to accept creditcard payments because of the different fee vs maestro & Debit Mastercard/Visa.

          Damn!

            @AlexFL#257485 It doesn't matter how bunq labels cards for the acceptance of cards. It's a Mastercard, that's all that counts when it comes to acceptance. Since Maestro will phase out between 2023-2027, it's likely to assume that Dutch stores will all start accepting Mastercard.

              @thijsoost#257488 But a shop can always decide to only accept Mastercard Debit and not (European) Mastercard Credit cards.
              It's not very customer friendly of course, but it is legal.

                @Bastiaan#257540 Oh really? Didn't know that!

                  8 days later

                  And you bet they will since the fee for debit MC/VS transactions will remain the same as current Maestro (fixed 0,05 - 0,10 cts). Where credit transactions cost between 1.75 %- 2.50 % of the payment total.

                  Btw, shops will not need to do anything to start accepting these Debit transactions as a replacement of Maestro, if they want to accept Credit transactions however they will need to take steps to start accepting these themselves.

                    @AlexFL#259104 That’s false info. Payments with debit cards are capped in the European Union at 0,2% of the transaction value and every other card payments, including consumer credit cards, are capped at 0,3%. These are the interchange fees reglemented by the EU. So there is no objective reason (also not for the Netherlands), why shops shouldn’t accept credit cards with the end of Maestro/V-Pay. And I never met a terminal in the wild which accepted Debit Mastercard/Visa but not the Credit Version.

                      @thijsoost#247427 wieso nicht? Man kann doch ins minus gehen

                        @New-Green-Aoudad-596112410#259136 Zumindest nicht im Normalfall. Es gibt ein paar Sonderfälle, durch die man doch leicht ins Minus rutschen kann, aber soweit es möglich ist, lehnt bunq alle Zahlungen mit der Karte ab, wenn man nicht entsprechend viel Geld auf dem Konto hat und reserviert den notwendigen Betrag, sodass man ihn nicht doppelt ausgeben kann. https://together.bunq.com/d/24781 In diesem Punkt unterscheidet sich die bunq-Kreditkarte dann doch von anderen Kreditkarten: es ist weitaus schwieriger, Schulden zu machen, und wenn man es doch schafft, dann sind diese in der Regel gering und werden nicht bezinst.

                          2 months later

                          @pqckmqn#259122 apparently you don’t know the difference between the interchange fee and the fee the merchant is paying on CC transactions, it is nowhere near 0,3%.

                          Educate yourself..

                            @AlexFL#270390 The three elements of a credit card payment are 1. interchange fees, 2. assessment fees, and 3. processor markup.
                            The interchange fee is the biggest part and capped by European law, the assessment fee is often part of the interchange fees. So what is your point? The fee is nowhere near 2,5% you are stating, just like I said.

                              @AlexFL#270390 Please keep it friendly here, thanks!

                                @AlexFL#270402 That's interesting! What type of card did you order to get a Mastercard debit? Since that option isn't available in the app to order?

                                  @thijsoost#270404 Sorry my message might be confusing, my old, soon to be expiring debit mc’s were replaced with new debit mc’s where I was afraid they would send the credit version as a replacement.