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Why are debit cards more popular than credit cards in Europe?

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3) A different way of banking. Debit card transactions will often resemble, or be indistinguishable from, wire transfers. Wire transfers are much more common in Europe, since they don't cost anything (or very little). Europeans won't have subscriptions on a credit card, they will have subscriptions per automated wire transfer. read more

Now as to whether there are specific reasons that debit cards are particularly popular in Europe, I'm left to make additional speculations: 1. When comparing against the U.S., the U.S. is where consumer credit was first popularized. Buy your refrigerator on time, buy your color TV on time, and of course, buy your car on time. read more

Forty percent of respondents from the TSYS study picked credit cards as their favorite form of payment, followed by debit cards (35%), and cash (11%). Credit cards have been gaining on debit cards for several years now. read more

Heather Long Perhaps the Target data breach involving 100m credit and debit cards will finally wake up the US on its outdated technology. read more

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If you want to spend more money in restaurants, use credit cards more than cash. If you want to spend less, use cash more than credit cards. But in general, we can think about how to use the pain of paying and how much of it do we want. And I think we have like a range. Credit cards have very little pain of paying, debit cards have a little bit more because you feel like today, at least it is coming out of your checking account, and cash has much more.
Source: quotemaster.org