For sure (in a way). Nothing lasts for ever. Even the physical card you carry has an expiry date on it (read: obsolescence). Unlike The VHS tape or the CD player or Blockbuster, there is a very powerful and controlling lobby and industry behind money. Everyone in the credit card industry are aware that the […]
Why do so many places in Portugal not take ‘international credit cards’? I’ve never been to a country where spending is such an issue with cards.
I’ve experienced this in many countries, including Portugal, it seems the universal answers are: Taxes: Just by saying they don’t take international credit cards, they are betting on the odds that you will somehow pay in cash, and a cash based transaction is not always reported (for purposes of taxation). Settlement times: The settlement time for a […]