Originally Posted by
mikesyr18
If you use a PIN on a credit card, the interchange fees go down because the idea behind interchange fees are to mostly pay for the cost of fraud, followed by paying for the cost to run the system, and then profit after that.
There's absolutely no guarantee that those fees will voluntarily go down if PIN were to ever become a thing on credit cards. In fact, government action (or threat of such) was the only thing that did in at least several countries.
Originally Posted by
invisible
Banks are way less willing/cooperative to deal with debit card fraud
This depends on the country as you said; in the US at least, banks take care of debit card fraud pretty quickly from what I've seen. The main problem with debit card fraud is that a lot of people live paycheck to paycheck and a compromise could cause a lot of issues paying bills, especially since the bank isn't obligated to return the money immediately. (US law/regulation gives them 10 business days.)
Originally Posted by
Sopwith
I have had my Visa card "compromised" at least four or five times, all of which happened at gas stations and restaurants where they had to take the card out of my sight.
What gas stations take cards away from you? I don't think I've ever seen this at places where you pump gas yourself; it's been a while since I've been to Oregon or NJ so I don't remember what they do there.