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OP, I'm confused how your system for paying for things online works. If it's a prepaid card, I'm assuming that you have to load it with money. Since you're jus
by gee_totes 13y ago
OP, I'm confused how your system for paying for things online works.
If it's a prepaid card, I'm assuming that you have to load it with money. Since you're just using it for Linode, you couldn't have loaded that much money on it (unless you're paying for huge Linodes). I'm wondering how large these large amounts were and why they didn't simply empty out the amount on the prepaid card.
Besides my confusion (if I were using your system, I would load $20 or whatever onto the card each month and then the maximum I could lose if the card was stolen was $20), I would also like to point out that while prepaid cards are easy to dispose of, Credit Cards typically provide better fraud protection.
With credit cards, there is normally a $50 liability if the card is stolen and no time limits around reporting it. With debit cards, there are time limits around reporting the card being lost or stolen. With prepaid cards, they are not subject to the jurisdiction of the FDIC and consumer protections are voluntary on the part of the issuer.