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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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I'm all for a European system like this, but the only downside I currently see is that using Wero wouldn't provide any protection in the same way that a credit card does, unless I missed that on the Wero website.
Give me the consumer protection of a credit card and I'll sign up to Wero or whoever!
Does Visa/Mastercard actually offer any protection themselves? When I've had to reverse debit card transactions due to fraud or otherwise, I always just called/reached out to my bank and they did it. I never communicated with Visa/MC. Since this system is pretty much SEPA in a trench coat, I'm pretty sure the same would work here.
Yes they do offer actual protections.
A debit card while using visas processing network is still your banks account and their responsibility. And it's your personal money. Unlike a credit card which is NOT your money and not your sole liability. You are jointly liable with a credit card and solely liable with a debit card.
A credit card the account is with visa, tho it may be managed by your bank thanks to partnerships and bank end integration. Depending on the circumstances you actually will be directed by your bank to contact visa or who ever directly or be forwarded by your bank.
Debit cards are not credit cards. This seems to be a weird hang up people can't seem to understand. Doubly so when they are from Europe. It's always struck me as odd.
Aha, interesting. I never had a credit card because it would be too stressful for me to take out micro-loans for stuff. Still weird that it's visa/MC money and not your bank's though.