The Diabolical Debit Card Situation in Lebanon
If you’re a (miserable) account-holder at a Lebanese bank and you reside in Lebanon, you’re probably in possession of a debit card. After all, that’s the only God-forsaken method of siphoning some of your locked-up assets from the bank. And by siphoning, I mean extracting via trickle method. One miniscule drop at a time. The current predicament that cardholders face however is the rejection of their plastic wallet accessory by a vast number of retailers. Months ago, gas stations across Lebanon unanimously stopped accepting card payment. Then supermarkets and grocery stores, in a show of solidarity, enforced a 50/50 approach: they'd only accept 50% payment by card and 50% by cash. We’re talking about retailers like Spinney’s, Carrefour, Le Charcutier, Stop and Shop, O&C, and the likes. A range of epiceries, or upscale grocers like Aziz, haven’t accepted card payment for at least a year – understandably, they don’t want to deal with local banks, heinous capital controls and h...