Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Final – A credit card built for the 21st century

getfinal.com

Post reply on HN
Print view View original

231–240 of 381 posts

Re: Final – A credit card built for the 21st century

#231

Post by HelloMcFly »

eli wrote: post #55
toomuchtodo wrote: post #19

Earlier quoted context omitted.

Counterpoint. If you get taken to collections over a trivial amount ( Have to go to court for collections? The first words out of your mouth need to be, "Verify the debt." Ask them to produce the document you signed and agreed to. In the vast majority of cases, without this, your case will be dropped with prejudice. This is based on research I did while dealing with a personal mortgage "issue". http://www.thisamerica…

Not all collections agencies are so sloppy and unscrupulous. If you do owe the money and they do have the documentation to support it, you may well have a judgement against you and that definitely will hurt your credit score. Some companies (like say gym membership) have internal collections departments that can be quite aggressive. They would certainly be able to back up any lawsuit. In general, you really want to t…

It's not a sloppiness on the part of the agency. Often the companies selling their debt to the agency provide no other information besides the information about who the person is and how much they owe. The agency often can't produce verification of a debt because the sellers of the debt don't provide it.

Re: Final – A credit card built for the 21st century

#233

Post by coryfklein »

Igglyboo wrote: post #169
alkonaut wrote: post #155

Earlier quoted context omitted.

I was recently in the U.S. and saw a person use a paper cheque. I'm not joking.

Cheques are extremely common in the US. I'm forced to pay my car insurance by mail each month with a paper cheque, it's terrible.

I'm in the US, and if I were you I'd drop your car insurance provider in a heartbeat. There are so many other options that let me pay online and provide competitive rates, it just is not worth my time (or the chance that I'll forget) to mail checks in every month.

Re: Final – A credit card built for the 21st century

#234

Post by Silhouette »

Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that easy.

It really isn't, and you just publicly encouraged people to commit a criminal offence.

Please talk to an actual lawyer before making that kind of statement, or your business is likely to be short-lived regardless of any other merit it has.

Re: Final – A credit card built for the 21st century

#235

Post by jackmaney »

bicknergseng wrote: post #229
jackmaney wrote: post #97

Earlier quoted context omitted.

Dear gods, please eliminate any ability to pay with my phone! Cards are fragile enough. I don't want to lose access to all of my money if I accidentally drop my phone the wrong way. EDIT: Not to mention my ID and keys! I'm honestly not sure I could think of a worse idea.

For you, butterfingers. I've never accidentally destroyed a phone. I have left credit cards and wallets and IDs and keys at bars and hotels. I have had CC numbers used by scammers online, requiring I call my credit card company, figure out what expenses are fraudulent, cancel the card, and have them send another. Magnet strips die all the time. Then I am stuck without one for a week. New car keys are $500+. The DMV.…

I've never had a phone destroyed, but electronic devices are, in many ways, far more fragile than plastic cards. I would never want accessibility to absolutely everything tied to only one device, and I literally cannot imagine how anyone would consider this to be a good thing.

"Oh crap, my phone fell into a puddle. Oh, well, guess I'll just buy a new one--oh, wait...

Well, I could use a drink--oh, wait...

Bah, let me just go home--oh, wait..."

If you had your way, anyone who lost their phone would be effectively homeless (at least temporarily). Do you now understand how shit-flingingly insane your idea sounds?

Re: Final – A credit card built for the 21st century

#236

Post by [deleted] »

Someone1234 wrote: post #13

> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…

[deleted]

Re: Final – A credit card built for the 21st century

#237

Post by saddestcatever »

muzz wrote: post #115
adamfishman wrote: post #48

Earlier quoted context omitted.

The same video production company is being used all over for startups like this. It does not imply any relationship to coin or any others. http://sandwichvideo.com/

Yes but since the products of Coin and Final are so similar, surely the confusion is understandable. The first time I saw the video, I certainly wondered if Final was either a follow-on product or pivot from the makers of Coin.

Same. I was like "Oh cool, Coin is making something even better." Oh.

Re: Final – A credit card built for the 21st century

#238

Post by aet »

raverbashing wrote: post #164
alkonaut wrote: post #155

Earlier quoted context omitted.

I was recently in the U.S. and saw a person use a paper cheque. I'm not joking.

The US banking system is frankly, ridiculous In Europe anyone can send money online to any other account in the EU , given the account number, usually for free. The fact that the US doesn't have that as commonplace as in Europe is ridiculous Canada is slightly better, they already are ditching the magnetic stripes off cards.

In the U.S. you can usually send by snail mail, email, mobile, wire transfer and ABA. Fees are fairly low (< $5)

Re: Final – A credit card built for the 21st century

#240

Post by Silhouette »

arbitrage wrote: post #96
DangerousPie wrote: post #61

> Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that easy. Is it really that easy though? Sure, they won't be able to charge you anymore but that doesn't mean that you didn't enter a binding contract. What you are suggesting here sounds neither legal nor ethical.

What sounds unethical to me is incredibly one sided abusive contracts that are incredibly difficult to cancel, even with agreed upon terms. It sounds perfectly ethical to me. "I don't want to pay for goods and services I don't want to receive anymore". This is an idea that has been tested many many times in US case law, and therefore sounds perfectly legal as well.

What sounds unethical to me is incredibly one sided abusive contracts that are incredibly difficult to cancel, even with agreed upon terms.

Nothing in the description on the site implied a one-sided, abusive contract. There is nothing inherently one-sided or abusive about either an ongoing subscription or a service that offers a free trial but automatically starts charging at the end of the trial period if you don't cancel.

Obviously if the charging organisation is misleading it's a different matter, whether that was hiding or being deceptive about what would really be charged or offering a trial but then creating barriers to permitted cancellation. I don't know about the US, but here in Europe there are now some very one-sided (pro-consumer) rules about this kind of thing.

However, if the deal was legit, knowingly using a card that won't stand up and thus avoiding payments genuinely due is fraud, pure and simple.

Post reply on HN