There are businesses that attract people that use cards fraudulently and the bus...

renhanxue · 2025-10-04T04:00:58 1759550458

Credit card fraud is not nearly as common in Europe as it is in the US.

Additionally, and specifically in Sweden, the fees that banks charge businesses for handling cash (picking it up and depositing it at the end of each business day) have increased significantly in the last decade or two. This has been a significant factor in driving businesses away from cash - it's just expensive for them to deal with.

mercutio2 · 2025-10-04T23:45:40 1759621540

Are you sure Europe has less credit card fraud? When is your data from?

The US has a much less secure system specifically because there was much less credit card fraud in the US than in Europe.

Chip and PIN was an attempt to combat the rampant fraud in Europe.

It may be true at this point, I haven’t been tracking recently, but it wasn’t in the past.

jrcplus · 2025-10-08T11:34:02 1759923242

Another factor: I'm pretty sure it's more common that people have debit cards than credit cards in Europe, which equals less credit card fraud.

Sammi · 2025-10-04T15:51:22 1759593082

As were discussing here, swedes almost exclusively use online card transactions. Don't see much card fraud because of this.