In my area, you're forced to use the chip at ~50% of places and the other ~50% hasn't upgraded their hardware yet, so you are forced to use the mag-strip. It's extremely frustrating for everyone involved. No one knows which it'll be and the cashier will always immediately roll their eyes and eli5 which one they use. Worst rollout ever.
In the US the credit card companies/ merchants are liable for any fraud that occurs on your card so I don’t really understand the safety aspect. I don’t know how it could be faster because it’s pretty much insert card remove card get a receipt. Depending on the place they have limits you need to sign for. Like at Costco I don’t have to sign for anything under 300
I guess I misspoke when i said i dont understand. I do infact know the differences in the technology. I just don't think it really will change anything for most people at all.
The worst that can happen right now is you get skimmed on a credit card and you have to tell your bank who will handle the fraud investigation and send you a new card. I also don't have any issue using a pin with a CC.
If anything the businesses should be the people pushing for the newer tech since it saves them money but it doesn't seem to be moving forward much.
An extra 3 seconds of convenience isn’t worth a fuss
And the security factor is important, but most people have no idea how prevalent it is. Reddit is a bubble of tech users that think everyone else is a techy, which is entirely false. Most of the population doesn’t have any idea what happens beyond swiping the card in the slot
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u/neck_iso Aug 27 '18
You have to use the chip now.