3 ms·

Considering temporary card numbers like privacy.com are also getting harder to use… I guess I’ll just open and close online checking accounts giving 30-day win

Considering temporary card numbers like privacy.com are also getting harder to use… I guess I’ll just open and close online checking accounts giving 30-day windows for online purchases using a debit card. After 30 days the debit card will no longer be valid, linked to a closed account, and cannot be charged recurrently.

vineyardmike 4y ago
FYI usually banks keep accounts “shadow open” for upwards of 6mo in case a charge comes through. So you still may get over drafted. These sort of schemes will probably make chargebacks harder to use than just closing the account that would do the billing. If the card is leaked/frauded than you’re already legally protected. If you just want to avoid the act of cancelling an account you opened… then you’re playing into the arms race that is making these things harder. > but first party misuse, which can account for up to 75 percent of all chargebacks, is when a cardholder disputes a legitimate purchase that they intended with their issuer. This includes customers refuting valid purchases such as long-forgotten recurring subscriptions If you agree to a purchase, and sign up for something re-occurring, you’re committing to it. You have to tell the business to stop charging you, you can’t just stop paying.
- runnerup 4y ago
  And what when the 8th company this year refuses to honor the proper cancellation? Lawsuits take way more energy.
  - vineyardmike 4y ago
    My point was mostly that you have an obligation to try to do it the right way, and that bank accounts are not usually “hard closed” and won’t reject dead charges. Tbh I’ve never experienced this much failed cancellations so i don’t know for sure but there was a HN post about how easy arbitration was so honestly could be a good avenue. Or talk to your attorneys general
snoopy_telex 4y ago
I haven't had any issues with privacy cards after the latest switch. They've not been flagged as prepaid cards for me.
twostorytower 4y ago
What's the issue with Privacy.com? I've been using it for years without any problems.
- AareyBaba 4y ago
  They have switched to a new process with an intermediary 'Patriot Bank' in the middle. They pass your checking account info to Patriot Bank - somehow your transaction which was a simple debit is now a credit card transaction through this third party bank. Patriot Bank itself seems legit but I don't understand the process and have stopped using Privacy because of this change until I get my head wrapped around what is going on.

vineyardmike 4y ago

FYI usually banks keep accounts “shadow open” for upwards of 6mo in case a charge comes through. So you still may get over drafted. These sort of schemes will probably make chargebacks harder to use than just closing the account that would do the billing. If the card is leaked/frauded than you’re already legally protected. If you just want to avoid the act of cancelling an account you opened… then you’re playing into the arms race that is making these things harder. > but first party misuse, which can account for up to 75 percent of all chargebacks, is when a cardholder disputes a legitimate purchase that they intended with their issuer. This includes customers refuting valid purchases such as long-forgotten recurring subscriptions If you agree to a purchase, and sign up for something re-occurring, you’re committing to it. You have to tell the business to stop charging you, you can’t just stop paying.

runnerup 4y ago
And what when the 8th company this year refuses to honor the proper cancellation? Lawsuits take way more energy.
- vineyardmike 4y ago
  My point was mostly that you have an obligation to try to do it the right way, and that bank accounts are not usually “hard closed” and won’t reject dead charges. Tbh I’ve never experienced this much failed cancellations so i don’t know for sure but there was a HN post about how easy arbitration was so honestly could be a good avenue. Or talk to your attorneys general

snoopy_telex 4y ago

I haven't had any issues with privacy cards after the latest switch. They've not been flagged as prepaid cards for me.

twostorytower 4y ago

What's the issue with Privacy.com? I've been using it for years without any problems.

AareyBaba 4y ago
They have switched to a new process with an intermediary 'Patriot Bank' in the middle. They pass your checking account info to Patriot Bank - somehow your transaction which was a simple debit is now a credit card transaction through this third party bank. Patriot Bank itself seems legit but I don't understand the process and have stopped using Privacy because of this change until I get my head wrapped around what is going on.