Depends in what part of the world you’re in. In Europe I wouldn’t really expect anyone to accept magstripe on card with a chip, but in the US it’s more common.

Depends in what part of the world you’re in. In Europe I wouldn’t really expect anyone to accept magstripe on card with a chip, but in the US it’s more common. Additionally terminals can be configured to detect dodgy chips and automatically fall back magstripe, or a more basic form of processing. But your bank may block these transactions, because they can’t perform chargebacks on them, they’re considered as “secure/good as” Chip and PIN transactions by the card network for merchants in some parts of the worlds (e.g. the US). So if a fraudulent transaction was performed that way, the bank would have to eat the entire cost themselves.