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Privacy.com Reissuing All Cards

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Re: Privacy.com Reissuing All Cards

#2

Post by AdamJacobMuller »

Seems like they are changing bank partners and will use cards that code as "charge card" instead of "prepaid card" which is great (some places block "prepaid" cards) but they are forcing this change on everyone (as much as I could see) and doing it with only 30 days of notice, which is much less great.

Re: Privacy.com Reissuing All Cards

#3

Post by m0ngr31 »

AdamJacobMuller wrote: post #2

Seems like they are changing bank partners and will use cards that code as "charge card" instead of "prepaid card" which is great (some places block "prepaid" cards) but they are forcing this change on everyone (as much as I could see) and doing it with only 30 days of notice, which is much less great.

Always bugged me when I tried to use a Privacy card on Digital Ocean

Re: Privacy.com Reissuing All Cards

#4

Post by julianlam »

m0ngr31 wrote: post #3
AdamJacobMuller wrote: post #2

Seems like they are changing bank partners and will use cards that code as "charge card" instead of "prepaid card" which is great (some places block "prepaid" cards) but they are forcing this change on everyone (as much as I could see) and doing it with only 30 days of notice, which is much less great.

Always bugged me when I tried to use a Privacy card on Digital Ocean

I don't blame them, though. DO is a "bill-after" company, so if you racked up server time, they're out that money if you attached a pre-paid card with $0 on it.

We use DO as our provider, and we offer trials in our product offering, so if they attach a prepaid card to _our_ service (which people do, all the time), we're out that money, but it's $5 for us, so we eat it.

Re: Privacy.com Reissuing All Cards

#5

Post by donmcronald »

m0ngr31 wrote: post #3
AdamJacobMuller wrote: post #2

Seems like they are changing bank partners and will use cards that code as "charge card" instead of "prepaid card" which is great (some places block "prepaid" cards) but they are forcing this change on everyone (as much as I could see) and doing it with only 30 days of notice, which is much less great.

Always bugged me when I tried to use a Privacy card on Digital Ocean

I thought DO had an option to prepay via Paypal.

Re: Privacy.com Reissuing All Cards

#6

Post by xd1936 »

I've always been surprised by privacy.com's business model. Do they really make enough money from those small credit card processing fees to stay afloat, or are they coasting on investor money?

Re: Privacy.com Reissuing All Cards

#7

Post by sunir »

We offer virtual cards too through AppBind and when I can’t sleep at night, sometimes I do game plan the possibility of what it means if we had to change card partners.

I expect we will see events like this fairly frequently in the next decade.

I feel for them.

Re: Privacy.com Reissuing All Cards

#9

Post by jaywalk »

xd1936 wrote: post #6

I've always been surprised by privacy.com's business model. Do they really make enough money from those small credit card processing fees to stay afloat, or are they coasting on investor money?

I hope they're making enough money. They offer a fantastic service, and they do have paid tiers as well.

Re: Privacy.com Reissuing All Cards

#10

Post by AlbertCory »

xd1936 wrote: post #6

I've always been surprised by privacy.com's business model. Do they really make enough money from those small credit card processing fees to stay afloat, or are they coasting on investor money?

I hope the fees keep them afloat, but they are one online service that I wouldn't mind paying a monthly subscription for.
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