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If I understand this correctly, wouldn't the following steps effectively mimic this technology? 1. Get Paypal. 2. Verify Paypal Account. 3. Get Paypal Debit
by rasengan 13y ago
If I understand this correctly, wouldn't the following steps effectively mimic this technology?
1. Get Paypal.
2. Verify Paypal Account.
3. Get Paypal Debit Card.
4. Setup several CCs in Paypal.
5. Maintain $0 balance in Paypal.
6. Setup backup source of funding for Debit Card.
7. Make an app that simply logs into Paypal to set the backup source of funding to another card at the touch of a button.
8. Get an NFC sticker and put it on the Paypal debit card.
This would allow you to carry 1 card but use any of your cards and, as well, help you keep track of your card's physical proximity with an NFC enabled device. Please let me know if I am grossly misunderstanding or missing something!
- dangrossman 13y agoThe problem is that the MID/MCC of the store you shop at won't be passed-through to your real credit card (as PayPal's the one charging that card, not the store). You wouldn't get category-specific rewards (5% on groceries, 3% on gas, etc), which is one reason people carry multiple cards on them in the first place.