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Privacy.com issues you a card that is coded as a prepaid debit card. Most payment providers expose this to merchants, which means that if they choose to decline
by zrail 7y ago
Privacy.com issues you a card that is coded as a prepaid debit card. Most payment providers expose this to merchants, which means that if they choose to decline prepaid debit cards for other reasons you'll get caught in the mix.
- dvtrn 7y agoWhat's the reasoning behind rejecting prepaid debit cards, if there are sufficient funds available?
- s09dfhks 7y agoMaybe the cards are being loaded with illicitly acquired funds
- dvtrn 7y agoThat's a valid risk, but then why single out prepaid cards for this given the rampancy of credit card fraud and theft? Edit: An interesting answer elsewhere in the thread: https://news.ycombinator.com/item?id=20465459 https://news.ycombinator.com/item?id=20465459
- ceejayoz 7y agoCredit cards are sometimes used as a proxy for identity (via billing address) or age verification (most under-13s don't have ready access to one).
- cortesoft 7y agoSometimes credit cards are used kind of like collateral... when you stay at a hotel, for example... you give the hotel a credit card for 'incidentals', and it is basically being used as a guarantee that you will pay for things you are going to use. Car rentals are the same. In a sense, it is your credit card limit is basically your credit card company saying "yeah, this person is good for x amount of money". That isn't much for a prepaid card.
- swebs 7y agoBecause then they could no longer collect money from people that forget that they're being automatically charged every month.