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I worked in domain registrations in the early 2000s and it's funny how we used to put stock into what sort of TLD a domain used. Like .com would clearly be a co

I worked in domain registrations in the early 2000s and it's funny how we used to put stock into what sort of TLD a domain used. Like .com would clearly be a commercial entity, while .org would be more non-profits, open source, public domain and stuff like that. Anyways, they're probably harvesting your payments and selling that info. I've noticed that since the card issuers have such high security requirements, and audits, a lot of little businesses have cropped up who are trying to act as middlemen to your payments. Because they just found a backdoor to getting all your payment history without hacking your card issuer. I believe privacy.com is one such business.

_8j50 4y ago
You "believe" without any evidence? To the contrary my bank card purchases were resulting in targeted ads but privacy.com cards have not shown any sign of that after using them for over a year.
- bombcar 4y ago
  Belief kind of implies lack of evidence, more a feeling or a faith, after all.
  - _8j50 4y ago
    I agree in this case
- INTPenis 4y ago
  Yes I believed to be more specific, you've changed that belief with your facts. Thanks. But I still do believe this practice goes on here in Sweden where small businesses are offering services that act as man in the middle between the consumer and the card issuer. And therefore they're able to harvest your transaction data, which is gold.
solumos 4y ago
That might be true if they weren't also the card issuer[0]. The main way they make money is on interchange, which for a card issuer is a kickback of up to 2% from Visa/Mastercard/etc [1]. [0] - https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-lithic-raises-43m-for-virtual-payment-cards/ https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-li... [1] - https://www.adyen.com/blog/interchange-fees-explained https://www.adyen.com/blog/interchange-fees-explained
- INTPenis 4y ago
  So privacy.com themselves handle the transaction from their own account then? I stand corrected. I assumed that you registered your card with them and they just acted as an inbetween.

_8j50 4y ago

You "believe" without any evidence? To the contrary my bank card purchases were resulting in targeted ads but privacy.com cards have not shown any sign of that after using them for over a year.

bombcar 4y ago
Belief kind of implies lack of evidence, more a feeling or a faith, after all.
- _8j50 4y ago
  I agree in this case
INTPenis 4y ago
Yes I believed to be more specific, you've changed that belief with your facts. Thanks. But I still do believe this practice goes on here in Sweden where small businesses are offering services that act as man in the middle between the consumer and the card issuer. And therefore they're able to harvest your transaction data, which is gold.

solumos 4y ago

That might be true if they weren't also the card issuer[0]. The main way they make money is on interchange, which for a card issuer is a kickback of up to 2% from Visa/Mastercard/etc [1]. [0] - https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-lithic-raises-43m-for-virtual-payment-cards/ https://techcrunch.com/2021/05/20/privacy-com-rebrands-to-li... [1] - https://www.adyen.com/blog/interchange-fees-explained https://www.adyen.com/blog/interchange-fees-explained

INTPenis 4y ago
So privacy.com themselves handle the transaction from their own account then? I stand corrected. I assumed that you registered your card with them and they just acted as an inbetween.