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Nevor

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There are some short comings about using email codes but I fail to see how this worse than passwords when the same exact kind of attack would work for passwords. The difference being that it would be worse with passwords which can be stored, reused later or sometimes changed directly on the service.

Just a slight correction, it's debit cards that are common in France and not credit cards. But yes indeed, at least in Paris, a lot of people buy everything with debit card (you can buy as low as 1€ by debit card in big chains).