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Coin

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Re: Coin

#711

Post by kelnos »

mattkleiman wrote: post #709
tonyfelice wrote: post #524

Earlier quoted context omitted.

> "for offline processing" Agree, SUPER clever idea. I'm wondering how this would work to make purchases _online_. I know, I know. I'd use my real card. But it strikes me as ironic that the big idea for this digital card is that I don't have to carry my 'analog' cards around. Unless I want to make a digital purchase. Then I need my analog card.

The lcd displays the CC# and the security code, all the info you would need to buy online. Don't even need to open the app! https://twitter.com/coin/statuses/401939329506746368

That's not how I read that tweet: just that it shows your name, signature and CVV. The video on their website appears to confirm that. Unless you've memorized your CC#s, you'll still have to pull out the real card when purchasing online... unless you can see the full photograph of the card in the mobile app. Which is still annoying, but at least better.

Re: Coin

#712

Post by kelnos »

ececconi wrote: post #574
coldtea wrote: post #478

Earlier quoted context omitted.

As an avid road fan, I've been in 47 out of 50 states (no Hawaii, Alaska or Vermont) and roadtriped around 50.000 miles, in the course of 7 years. I've stayed in hundrends of small cities, from Ogalala, NE to Ozona, TX and Oatman, AZ, and used my credit cards for all kinds of purchases, from Kroger and CVS, to outlet stores, gas, local shops, small eateries, fast food places, restaurants etc. Never had a vendor inpri…

Have you never been in a cab in a major city?

None of the taxis in any major city I've been in lately take imprints either; they have the normal card-swipe machines that retail businesses have.

Re: Coin

#713

Post by ponytech »

Diamons wrote: post #590

I'm surprised nobody's mentioned this. Q. Which is better; Tiger or Monkey style Kung Fu? A. Depends on the terrain. If you're a photo sharing / blogging app, sure that kind of tongue in cheek humor is okay and acceptable. However if I'm supposed to give you access to my credit cards, that is entirely unacceptable.

I thought the exact same thing.

Re: Coin

#714

Post by Stealth- »

bonestamp2 wrote: post #678
Stealth- wrote: post #560

Earlier quoted context omitted.

Just finishing going through this in my province. The latest transition is that all gas pumps now suddenly require me to leave the card in. Yay for Chip and Pin!

That's terrible, so many cards will be left behind.

After the preauth, you're required to take it out before you can start pumping.

Re: Coin

#715

Post by schrodinger »

bennyg wrote: post #389
schrodinger wrote: post #361

Earlier quoted context omitted.

I've been to a bar recently where they didn't have to hold my card to keep a tab open. So much more convenient!

Yeah they always go both ways here - I guess too many people run off without signing in some bars.

No, that's the point... they held a tab by swiping my card up front, and then didn't need it to close out. They still could have charged it if I ran off.

It's probably like a gas station authorizes your card for a certain amount before pumping, but then actually charges the specific amount you pumped at the end.

Re: Coin

#716

Post by zmk_ »

ecspike wrote: post #686
purephase wrote: post #571

Earlier quoted context omitted.

Much easier to do in Canada with the number of banks involved. The US would be an entirely different story. The lack of chip card support in Coin effectively makes it a US only product at this point as most of the card-heavy countries have moved past mag swipe (or, are in the process).

You can magstripe in much of mainland Europe still. The Chip and Pin machines have a channel to swipe. There are very few places where you hand over a card. For example, in the train stations, the machine to swipe a card is on the same side of the glass as the customer. The agent never handles your card. So they might be more accepting of Coin (given that they don't see that it is different) than American businesses.

This is inaccurate. Whether you are required to hand over the card or not is governed by each member state's regulation. For instnace, in Netherlands or UK you can keep your card; in Poland you might still be asked to hand it over and sometimes for your ID with it. Also, good luck trying to swipe in the Netherlands -- most merchants taped the terminals so that locals do not get confused.

Re: Coin

#717

Post by zmk_ »

PeterisP wrote: post #433
foobarqux wrote: post #264

Earlier quoted context omitted.

> And liability is more clear-cut and reasonable for pretty much all parties? Meaning shifted entirely to the consumer?

EU law shifts pretty much all liability away from consumer. There's a cap of EUR 150 consumer liability for lost&stolen (physically) cards up until you notify the bank; zero liability for lost&stolen cards after the time of notification, and zero liability for any fraudulent transactions if your card isn't lost or stolen. Only UK law (and MC/Visa rules for UK) is a bit different, but another poster describes them bel…

Plus depending on whether the terminal allowed chip and pin, and the card had a chip the liability is shifted between the merchant and the bank.

Re: Coin

#718

Post by ececconi »

kelnos wrote: post #712
ececconi wrote: post #574

Earlier quoted context omitted.

Have you never been in a cab in a major city?

None of the taxis in any major city I've been in lately take imprints either; they have the normal card-swipe machines that retail businesses have.

It's been a shift in the last few years. They're rare now.

Re: Coin

#719

Post by mehrdada »

ars_technician wrote: post #540
mehrdada wrote: post #429

Why would you want to carry just one credit card when you can carry zero with Square (or Google Wallet)? If it is because of the "tradition problem", it's not much better than Square Wallet either: In more than one place I've been to the cashier was supposed to manually enter the last four digits of CC# manually for the transaction to get through. You'll have to carry a backup card with either Square or Coin. I like…

>(BTW, wasn't Google doing the same thing with a physical card for Google Wallet and ended up abandoning it?) They abandoned it.

Mmm... Looks like they haven't quite abandoned it, after all. ;)

Re: Coin

#720

Post by boyaka »

tomkarlo wrote: post #549
rmc wrote: post #288

Earlier quoted context omitted.

I think in your scenario, a good fit would be a cigarette case that you'd keep in your front pocket. Eurpean here. I was shocked to learn many USAian men keep their wallet in the back pocket. How do you sit on that?

I'm American and I never understood the back-pocket thing until I moved to the West Coast and started carrying my (bulky, remote) car key in addition to just house keys. Once you have those and a phone in your front pockets, something has to go in your back pocket.

Born and raised in Cali. I've always had keys in my right, phone in my left, wallet in back right.

I remember before I even had a cell phone myself and people in general still put their wallets in the back right, and it was cool to have a chain attached to it and hooked to your front right belt loop. I'd use my front pockets for all sorts of random crap, but I think I always had my keys in my front right. I've been really good about virtually never having lost a key in my life. I used to carry a pocket watch in my left.

Now I am faced with a pocket dilemma. I carry one phone for data and a 5s that I am using with a SIM (connected via pdanet/foxfi hotspot). So the two phones are taking up both front pockets! I'm currently either putting my keys in my jacket or in my back left pocket, which can potentially be quite uncomfortable to sit on. Would be cool if there was an easy way to flatten keys like a wallet.

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