65
votes
Accepted
MasterCard won't disclose who leaked my credit card details
As indicated in comments, this is common practice in the US as well as EU. For example, in this Fox Business article, a user had basically the same experience: their card was replaced but without the ...
- 35.9k
54
votes
Transferring balances left over prepaid credit cards
You can simply use them to pay in a supermarket or anywhere else. Just give them the card and say ‘put 1.23$ on this one please, and the rest I pay cash‘ or whatever. They might be annoyed when you ...
- 38k
50
votes
Why do VISA "Electron" and Master Card "Maestro" cards have special limitations in when they technically work?
Other Visa or Mastercards are either credit cards, or debit cards associated with a bank account with an overdraft facility. There is a high probability that a transaction will be honoured even if ...
- 11k
47
votes
Accepted
How can I stop fraudulent recurring credit card transactions being forwarded to a new card?
The explanation is accurate, but not applicable to you. Note the "when the card on file has expired" part. You card hasn't expired, it's been canceled due to fraud. So your issuer, who's in ...
- 184k
36
votes
Can a Merchant Really Charge to My Credit Card with Only the Number, Name and Expiry Date?
Yes, that's how it was for decades. CVC is a relatively new addition, and pre-approval is not necessary.
Generally, a transaction that was not pre-approved, was not made in person, and the merchant ...
- 184k
32
votes
Transferring balances left over prepaid credit cards
I had a good half dozen of these with various amounts, none of them quite enough to make a purchase anywhere and, like you, I didn't want them to go to waste.
If there is at least $1 on the card, ...
- 6,839
22
votes
Accepted
When a customer buys a product with a credit card, does the seller receive the money in installments or completely in one transaction?
This depends on who extends the credit. If it is the seller who extends the credit (i.e.: the seller is the one allowing the installments) then they'll receive the money in installments. If it's the ...
- 184k
19
votes
How can I stop fraudulent recurring credit card transactions being forwarded to a new card?
This is probably pretty simple.
Contact your card issuer, tell them about the problem, and say cancelling the card didn't work. Tell them that unless they prevent any charges from the previous cards ...
- 34.2k
16
votes
Why do VISA "Electron" and Master Card "Maestro" cards have special limitations in when they technically work?
When you use a card, there are usually two phases in the transaction:
Authorisation, where you (the merchant) ask if you can charge amount X on the card, and the issuer will tell you yes or no, and ...
- 4,012
15
votes
Can a Merchant Really Charge to My Credit Card with Only the Number, Name and Expiry Date?
Payment processors have a LOT of flexibility as to what it can be charged with. The issue isn't whether it can be charged, but who loses money when it is contested.
There are multiple levels of ...
- 1,006
14
votes
When a customer buys a product with a credit card, does the seller receive the money in installments or completely in one transaction?
When a customer buys a product with a credit card, does the seller receive the money in installments or completely in one transaction?
OK, so a) you bought with a credit card, and b) you're wondering ...
9
votes
Why do VISA "Electron" and Master Card "Maestro" cards have special limitations in when they technically work?
This is the electronic/online use only (Maestro, VISA Electron) card vs. traditional (offline transactions allowed) difference.
With traditional cards one can get an imprint and claim the transaction ...
8
votes
MasterCard won't disclose who leaked my credit card details
I found a german article describing the legal situation in Germany. To summarize
The "Bundesdatenschutzgesetz (BDSG)
§ 42a Informationspflicht bei unrechtmäßiger Kenntniserlangung von Daten" Roughly ...
- 603
7
votes
Can I be charged for a transaction that I cancel on MasterCard SecureCode enabled site?
Your only recourse is to attempt to cancel the tickets through mytrip.com, and if they do not cancel the tickets, you can initiate a charge-back on your card on the grounds that they did not disclose ...
7
votes
MasterCard won't disclose who leaked my credit card details
Others have already commented on the impact of anything which dissuades merchants from raising possible breaches, so I won't dwell on that. Maybe we need stronger legislation, maybe we don't, but it ...
7
votes
Transferring balances left over prepaid credit cards
Spend them at the gas pump. Just run the pump until it stops, then repeat with next card. That's always worked for me
- 71
7
votes
Accepted
Are merchants guaranteed a payment made with a Mastercard?
The answer to your general question "Are merchants guranteed a payment made with a Mastercard?" is "no". Merchants can lose the money through a chargeback.
However, in the particular case you ...
- 10.6k
7
votes
Can a Merchant Really Charge to My Credit Card with Only the Number, Name and Expiry Date?
What you described (minus the whole sending your card details over email 😱) is literally exactly the same details that the world's largest online retailer - Amazon - use to charge debit & credit ...
- 181
5
votes
When I'm paying by contactless card, is the cashier obliged to show me the terminal screen?
To answer the question, the cashier is not obliged to show you the screen, however good that practice might be.
But then you are not obliged to authorise an unknown amount either.
The cashier is ...
- 271
5
votes
Fees for using mastercard/Visa card at a place which accepts payment in other currency
In general, payments will be in the currency denominated by the seller. Your bank will automatically convert a balance of INR from your card to whichever currency you chose to pay in (be it USD or EUR)...
- 4,107
5
votes
Did MasterCard change the shape of their cards? Or is the shape chosen by the bank?
Yes. See here:
Note: Since launch of the Touch Card, the shape of the notches were changed to reflect further refinement of the card.
- 184k
4
votes
Accepted
Can I get a confirmation that a pending card transaction details are real?
Based on your comment to the question:
the card is issued by my bank and tied to my bank account. I expect
the customer to use their bank's web site or some other online service
to initiate a ...
- 145k
4
votes
When I'm paying by contactless card, is the cashier obliged to show me the terminal screen?
I am not sure that the fact you want to pay with a contactless card is relevant.
I wouldn't hand them cash or use a debit card or a credit card without knowing how much I was being charged. I wouldn't ...
- 145k
4
votes
Accepted
How do I spend this prepaid debt mastercard with one cent on it?
Look at the bottom right of your scan. Convert the card into a bank transfer or paper check.
- 3,810
4
votes
How do I spend this prepaid debt mastercard with one cent on it?
At minimum wage the time you spent writing this question would have earned you far more than one cent. Throw the card away. It's not worth it to you.
- 34.2k
3
votes
Don't KYC - is it legal/legit to have a crypto card without KYC checks?
This is just a pre-paid Visa/MC debit card. Pre-paid Visa cards holding less than $1000 are not subject to KYC. According to the "Don't KYC" web site you linked to, they charge a 6% ...
- 14k
3
votes
Accepted
Why did Mastercard deploy Maestro instead of Mastercard Debit?
They were simply designed with different purposes in mind.
Doing online (in the Amazon or eBay sense) payment frequently was simply not a feature Maestro had in mind. Maestro was a replacement for ...
- 206
3
votes
Transferring balances left over prepaid credit cards
A few years ago, I had the rare opportunity to take advantage of a credit card offer. Specifically, a 10% cash back deal on purchases at drug stores or supermarkets. The offer was limited to 90 days, ...
2
votes
Why Indian credit cards don't ask for 3D Secure when transacting internationally?
Could anyone please explain why it happens
In general the approach banks take to managing card fraud on "card not present" payments is to make the merchant pay for it. The merchant then gets to ...
- 2,981
Only top scored, non community-wiki answers of a minimum length are eligible