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Privacy – Forget Your Credit Card

privacy.com

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Re: Privacy – Forget Your Credit Card

#171

Post by adrianmacneil »

electic wrote: post #126

I signed up for this. Sadly, it is not what I thought it was and the website does not make it very clear. Basically, this is for online purchases only. To make matters a bit worse, it wants to connect to your real bank account. What we need here is a physical credit card that I can use in the real-world that has a new number on each swipe. Most of my historical fraud has happened because I probably swiped my card at…

> a physical credit card that I can use in the real-world that has a new number on each swipe

We have that already (chip cards, which are currently being rolled out in the US and already standard in the rest of the world, generate a new single-use token for every transaction).

https://en.wikipedia.org/wiki/EMV

Re: Privacy – Forget Your Credit Card

#173

Post by sleepychu »

superuser2 wrote: post #140
cubano wrote: post #85

Earlier quoted context omitted.

Don't you see that rewards tracking is actually the antithesis of this service? That's what those "free" rewards really are...getting more detailed information on your spending patterns and profile so they can resell that info to interested parties.

Not particularly, though it may factor in. Rewards are primarily a kickback from the company's ~3% cut.

Which is why Amex can offer such great rewards, because they charge vendors through the nose.

Re: Privacy – Forget Your Credit Card

#174

Post by carapace »

boling11 wrote: post #4

Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)

I browse with JS disabled and your site is just a blank page for me.

Re: Privacy – Forget Your Credit Card

#175

Post by adrianmacneil »

boling11 wrote: post #4

Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)

How much did you guys pay for that domain? :)

Re: Privacy – Forget Your Credit Card

#176

Post by pfarnsworth »

soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

AMEX has this almost 20 years ago but they stopped it for some reason. I personally loved the feature.

Re: Privacy – Forget Your Credit Card

#177

Post by munificent »

boling11 wrote: post #4

Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)

I just want to note that your logo design is fantastic. Such a perfect combination of the name and concept. Really well done.

Re: Privacy – Forget Your Credit Card

#178

Post by rtpg »

soneca wrote: post #89

Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…

A lot of banks offer it through some sort of thing in their website or app, I think here the UX is a lot nicer though.

Re: Privacy – Forget Your Credit Card

#179

Post by ceejayoz »

alinspired wrote: post #160
boling11 wrote: post #4

Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)

Do you plan integration with mint.com?

Shouldn't be necessary, from my reading. The charges pass through to your checking account, so they'd already show up in Mint from that.

Re: Privacy – Forget Your Credit Card

#180

Post by AznHisoka »

ac29 wrote: post #161

In case anyone didn't catch what this actually costs, the answer is: 1.5-2%, which is the rate you could get cash back (or airline miles/etc) with good credit. Because this service draws directly from your bank account, and takes what would otherwise be your rewards from the credit card fees their banking partners charge, it provides a nice business model for them at the cost of you getting 0% rewards back. Not worth…

In the footer it also says its accepted everywhere Visa debit cards are, NOT credit cards. That's a huge caveat because debit cards aren't as universally accepted as credit cards.
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