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Privacy.com Reissuing All Cards

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Re: Privacy.com Reissuing All Cards

#31

Post by chillwaves »

ibdf wrote: post #22

"You can pay in more places! Our first version of the Privacy Card worked well for creating one-time use cards, setting spend limits, and locking cards to specific merchants. However, some merchant policies prevented our cards from being accepted online. The new version of our Privacy Cards maintains all of the privacy and security features you love while expanding the places where our cards are accepted." Google was…

I liked the idea and always wanted to use it more. I actually only used it once because I was dealing with a potential subscription hassle and that card actually got stolen! A bad charge was reported from privacy.com (and of course did not go through).

Pretty cool service.

Re: Privacy.com Reissuing All Cards

#32

Post by hobo_mark »

morpheuskafka wrote: post #12
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?

So the processing fees (called interchange) are capped at a $0.21+0.05% low rate for most banks, but very small banks and credit unions are exempt from this cap, and charge ~2% similar to credit cards. Fintechs always partner with a small bank to issue their cards and split the revenue. So the thing is, most of their customers are going to be connecting a debit card from a large bank (they don't allow credit cards as…

I recognize another patio11 connoisseur.

Re: Privacy.com Reissuing All Cards

#33

Post by FalconSensei »

After moving to Canada, I definitely miss that in Brazil I could just create a one-time card number directly from my bank site, instead of having to rely on 3rd parties that sometimes don't even offer the same service - Canadian privacy.com alternatives seem to offer a pre-paid card, but no 1 time card numbers.

Re: Privacy.com Reissuing All Cards

#34

Post by epa »

junon wrote: post #29
jamestimmins wrote: post #18

Maybe this is an example of "developer brain", but when I see "reissuing all cards", it sounds like when a company has a security incident and resets all passwords at once. So as I scanned through, my read was "oh, Privacy.com had a security incident", which it did not.

To be clear to anyone who's reading along here instead of the site, they're reissuing cards because they are changing the way their card issuance works in order to improve merchant compatibility (which is definitely needed). As such they have to use, presumably, a different set of card numbers/prefixes/whatever that the card issuers dictate. No security incident prompted this.

Typically privacy.com cards showed up as a prepaid card, and most merchants online block these. Curious to see how it improves acceptance rates.

Re: Privacy.com Reissuing All Cards

#35

Post by netr0ute »

julianlam wrote: post #4
m0ngr31 wrote: post #3

Earlier quoted context omitted.

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.

> 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.

Then if they don't want that, don't be bill-after or companies like Privacy will just engineer around that prepaid card limitation.

Re: Privacy.com Reissuing All Cards

#36

Post by octopoc »

mattnewton wrote: post #30
gonehome wrote: post #27

Does anyone on HN have experience with this service or a personal comparison with Blur? I’ve used delete me which works well enough (from the people that make Blur), but I’ve ended up just using the Apple Card which has a tiny amount of the privacy guarantees without a lot of the hassle (and good software). I’ve been tempted to switch to one of these services though, but I think your data still gets resold by the car…

Privacy.com has been fantastic for me - AMA. However I am such a heavy user that this announcement is actually rather annoying. I didn't see an email about it yet either, and could have easily missed that I am going to need to update 10 or so subscriptions this month :/

Can you hook Privacy.com up to a budgeting app that uses e.g. Plaid or Finicity to monitor transactions?

Re: Privacy.com Reissuing All Cards

#37

Post by chuckdotis »

I got this message last night. I started the process to reissue the cards, but I was immediately asked to provide my social security number. Privacy.com already has my bank account number and routing details, but TBH I'm not super comfortable providing even more personal info such as my SSN. Privacy.com has been an amazing service, and although I'll likely cave to their request for my SSN, I'm not all that happy about it.

Re: Privacy.com Reissuing All Cards

#38

Post by zhynn »

junon wrote: post #28
gonehome wrote: post #27

Does anyone on HN have experience with this service or a personal comparison with Blur? I’ve used delete me which works well enough (from the people that make Blur), but I’ve ended up just using the Apple Card which has a tiny amount of the privacy guarantees without a lot of the hassle (and good software). I’ve been tempted to switch to one of these services though, but I think your data still gets resold by the car…

Never heard of Blur, but I've used Privacy.com successfully for... man, maybe five years? Never had any issues with them. Not one. They always Just Work, their app doesn't change every six months, I hardly ever have to log in. Everything 'Just Works'. They've been great. The card reset is a tad unfortunate but isn't really an issue since they're all named/branded accordingly.

Adding my voice to this experience. I have been a user for about 2 years, and I love it. I also appreciate that they support non-txt 2fa for login security.

My only quibble is that I wish I could generate a card that I could give to a someone else that had a limit cap but could be used at more than one site/vendor (the current method really wants you to use them at only a single vendor, which is generally exactly what I want). Like an allowance card basically.

Re: Privacy.com Reissuing All Cards

#39

Post by mdesimone2 »

epa wrote: post #34
junon wrote: post #29

Earlier quoted context omitted.

To be clear to anyone who's reading along here instead of the site, they're reissuing cards because they are changing the way their card issuance works in order to improve merchant compatibility (which is definitely needed). As such they have to use, presumably, a different set of card numbers/prefixes/whatever that the card issuers dictate. No security incident prompted this.

Typically privacy.com cards showed up as a prepaid card, and most merchants online block these. Curious to see how it improves acceptance rates.

Curious, why do most merchants reject those? How do they impose more risk to the merchant?
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