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Unfortunately, "ACH authorization" is a collective delusion, as there is no technical mechanism in the protocol to prevent ACH pulls. Better to use something l
by tadfisher 4y ago
Unfortunately, "ACH authorization" is a collective delusion, as there is no technical mechanism in the protocol to prevent ACH pulls.
Better to use something like a Privacy card in the first place so you can revoke it on your own terms.
- tyingq 4y ago>there is no technical mechanism in the protocol to prevent ACH pull Nothing in the protocol, but many individual banks have their own in-house ways of failing the pull.
- yuliyp 4y agoIt's not a delusion. From a legal perspective, the bank treats actions which are authorized by you and actions which are not differently. If you enter into an agreement that says you're authorizing entity X to charge you based on a contract and they charge you, the bank is likely to side with them, and tell you to go sue them if you want your money bank. If the bank knows that you did not authorize the ACH transfer, they're supposed to reverse the transaction.
- benced 4y agoBits have color, no matter what us software engineers think: https://ansuz.sooke.bc.ca/entry/23 https://ansuz.sooke.bc.ca/entry/23
- deleted 4y ago[deleted]
- Akronymus 4y agoAm I missing some context here? This seems to not be related to the grandparent comment at all, to me.
- deleted 4y ago[deleted]
- foobarian 4y agoAre there privacy cards that work? I find that once a recurring charge is established and tied to an account it's very hard to cancel, surviving expired cards or even canceled card numbers.
- pc86 4y agoPrivacy generates a valid CC # with protections you set up (one-time use, monthly maxes, per-charge maxes, etc).
- fouc 4y agoI think they're referring to privacy.com specifically, which should give fully cancellable virtual cards. Or so I heard.
- TedDoesntTalk 4y agociti, capital one, and others call it “virtual cards”. They allow you to set charge limits and exp date. I always choose the current month + 1 for expiration and for charge limit, $1 more than the anticipated charge
- flutas 4y agoOr just get you dinged for $200+ of fraud and they will refuse to do anything about it.
- bsg75 4y agoDoes this refer to privacy.com, or something else?
- astura 4y agoYou can revoke a subscription in PayPal.
- kube-system 4y agoIt is common for gyms to only accept ACH
- HWR_14 4y agoThere doesn't have to be a technical mechanism. There is a legal one.
- patmorgan23 4y agoThe mechanism is when the bank authorizes or denys the ACH pull.