It's 2018, Jow Forums

It's 2018, Jow Forums.

Why aren't you using your cell phone for payments exclusively?

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Other urls found in this thread:

nerdwallet.com/blog/credit-cards/credit-card-vs-debit-card-safer-online-purchases/
nolo.com/legal-encyclopedia/what-credit-card-grace-period.html
cl.cam.ac.uk/~rja14/Papers/unattack.pdf
creditcards.com/credit-card-news/new-card-skimming-is-called-shimming.php
twitter.com/SFWRedditGifs

>Paying with botnet

I pay by cash because I prefer actually owning my own money

>using anything other than cash

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/thread

cash irl, bitcoin online

luddites, the thread

swap debit with (((credit)))

>inferior consumer protections under the law
>out of your own money for multiple weeks while they investigate fraud, versus credit
>no benefits like credit
yeah, no.

>inferior consumer protections under the law
>no benefits like credit
???

also had never anything stolen

>End up paying +50-100% on everything after interest.
>Penalized for overpaying.
>Literally bending over to the jews.

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nerdwallet.com/blog/credit-cards/credit-card-vs-debit-card-safer-online-purchases/
>If card information has been stolen and potentially fraudulent transactions have been made, two laws protect your rights. For credit cards, the primary law is the Fair Credit Billing Act, or FCBA. For debit card transactions, the Electronic Funds Transfer Act (EFTA) applies. While these laws offer some similar protections, knowing the differences is key to understanding why it’s safer to use one type of plastic than the other.

>According to the EFTA, your potential liability for fraudulent debit card transactions is virtually unlimited

>Under the FCBA, your maximum liability for fraudulent credit card transactions is $50. If you report your card lost or stolen before any fraudulent transactions occur, your liability is zero. Many credit cards promise zero liability for all fraudulent transactions.

nolo.com/legal-encyclopedia/what-credit-card-grace-period.html
>A grace period is the period of time a credit card company gives you to pay your new charges, without having to pay interest on the new balance. The grace period runs from the end of a billing cycle to the next payment due date. If you pay off the new balance in full before the due date, then you do not have to pay additional interest or other finance charges.

credit card for subprime retards who have had accounts charged off (120+ days without minimum payments) have no grace period, literally every credit card from any reputable bank or credit union doesn't charge you any interest on your purchases if you pay your bill in full each month

>hurr durr why get a credit card if you won't carry a balance

superior rewards + benefits and consumer protections over debit

This is why you read the fucking fine print and not put your money on shit banks, faggot.

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No, seriously. Are you REALLY, UNIRONICALLY shilling having to owe money all the time just because you could forget to have common sense one day?

you are the person going
>hurr banks are looking to fuck you over with interest on credit

why do you assume such faith under bank policies for debit when the law allows them to hold you under infinite liability, vs. credit?

why do you think the bank won't try to fuck you over or make it inconvenient when they can legally investigate your claim for weeks and hold it up?

t. someone who had fraudulent debit charges and the bank only provisionally refunded after a MONTH and then it took two months to get the bank to acknowledge that I was correct

see foreign banks just use chip and pin as an excuse to hold debit fraud as liable to cardholders

cl.cam.ac.uk/~rja14/Papers/unattack.pdf
>EMV, also known as"\Chip and PIN", is the leading system for card payments world-wide
>[...]
>We have discovered that some EMV implementers have merely used counters, timestamps or home-grown algorithms to supply this number. This exposes them to a \pre-play" attack which is indistinguishable from card cloning from the standpoint of the logs available to the card-issuing bank, and can be carried out even if it is impossible to clone a card physically (in the sense of extracting the key material and loading it into another card). Card cloning is the very type of fraud that EMV was supposed to prevent.
>[...]
>We found flaws in widely-used ATMs from the largest manufacturers. We can now explain at least some of the increasing number of frauds in which victims are refused refunds by banks which claim that EMV cards cannot be cloned and that a customer involved in a dispute must therefore be mistaken or complicit. Pre-play attacks may also be carried out by malware in an ATM or POS terminal, or by a man-in-the-middle between the terminal and the acquirer. We explore the design and implementation mistakes that enabled the flaw to evade detection until now: shortcomings of the EMV specification, of the EMV kernel certification process, of implementation testing, formal analysis, or monitoring customer complaints.

card cloning is known to be a real thing
creditcards.com/credit-card-news/new-card-skimming-is-called-shimming.php

at least it's generally possible to get a credit card in the US for free, not pay any interest (if you pay in full each month) AND not be held liable for fraudulent charges.

Has it ever ocurred to you that laws aren't as fit to a credit culture in other countries?
Also.
>Having any significant amount of money in the bank at any given moment.

see

Please, stop.
PayPal? No way!
Minifree used to accept payments via PayPal, but since 7 December 2015, Minifree no longer accepts payments via PayPal. PayPal is evil.

What’s wrong with PayPal?
Why are wire transfers better?
What about credit/debit cards?
Bitcoin? Other cryptocurrency?
Western Union?
Cash?
Cheque?

If you want to be absolutely sure that no proprietary JavaScript is used, then you must process (and store) card details yourself. You would still still typically use a third party (outsourcing company) for actually taking the payments, but you would be able to provide your own interface on your own website for taking details. This means that you yourself can control what JavaScript code is supplied to the user. There are several problems here:

You have to maintain the code, and make sure that everything works. You have to talk to the payment processor during checkout, for tokenization, validating cards and so on. They can change their API any time, without warning – this either means that you have to spend a lot of time maintaining the software on your website, or you have to pay a lot for them to do it (probably giving them access to your site, which introduces security issues).
The PCI DSS compliance becomes much more expensive and time consuming. Several checks have to be made every year, and there are many long questionaires to fill out.
This means that you have less time to focus on what actually matters; providing products and services to your customers.
You more or less have to self-host everything, and cannot outsource your hosting, because you have to make sure that everything is stored securely (how can you trust your webhosting provider to keep you secure? You have no way to verify their practises, and they won’t necessarily inform you of a breach or even be aware of one, and not only that, large hosting companies are large targets for intrusions for this exact reason)

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No one in this thread before you has mentioned PayPal.

Alright, but I have literally never been charged through that method. The way they do it around here is with ID+signatures. I also get immediately notified about transactions and can report them right away as fraud.

> triage all expenses to correct CCs to get 3x-5x points on every single spending I'd already be making anyway
> collect easy sign up bonuses from $150 to $500
> convert/transfer points to get as high as 7.5x point redemption value
> fly east coast west coast for free. probably have enough to spare to cover half of planned Europe trip
> eat and drink for free in lounges in every airport
> tons of other benefits
I've been doing this for the past 2 years and paid literally $0 for CC interest or fees. the only cost is time spent learning how the system works, which is pretty interesting anyway.

why are people so afraid of CCs?

>muh privacy
shut the fuck up

You don't own that money. Your bank owns it.

He explicitly specified cash though

Learn how cash works. It's a centralized currency owned by the government's main bank/treasury, depending on where he lives. That money can be taken by the original owner (the state) or it's value can be nullified. Therefore any cash as a currency is not owned by anyone other than the state/bank. He just owns a piece of paper which he is permitted to trade with as if it were valid currency.