Emv Chip Cards
switching to chipI noticed that the payoneer Card is a swipe only card ( no chip only mag stripe ). In UK , France , Spain , SW and many European country that is a big minus . It is impossible to pay for gas at robot stations using a US credit or debit card. Same for a train ticked or even on 60% of store where the new POS accepts Chip cards only .
So for me in my country i must rely on ATM cash .....and is not rent-able nor comfortable .
I know that some US banks like Chase had already started the process of issuing the new chip cards . They have a very hight security level almost impossible to be cloned ( copy ) .
So what is the situation with your bank ? Can you ask and give a reply . Starting from may 2013 here they will not accept swipe only cards at all .
But if you will provide the option to pay supplementary fee for a chip card , i will gladly do it .
Here the cost of a chip card ( bank cost ) is around 5 euro (7-8$) but i will gladly pay even 10 times more for a chip card since it will spare me from caring cash and using ATM ( hight fees ) .
And again from 2013 may your current card for some European countries will be just a piece of plastic .
Please try to ask your bank if they have in " plan " migrating to chip technology in future .