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Date Posted |
Forum
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RE: Wireless Provider Gripe
But E-pay still puts your info out there which is my point.
Either you trust the electronic banking world or you don't. There is really no escaping it unless you pay all bills and all matters with cash. THere is only one banking system it's all tied together.
Sooner or later you have to pay the bill. Unless you pay in cash you participate in some form of the system.
If T-Mobile is offering you $60.00 in savings a year why not take it?
They would rather give you a discount vs. paying credit card fees to the bank.
No matter how you slice it at some point you are exposing your banking info, which will always have an inherent risk. Fraud, identity theft and deception are not a new phenomenon's. They have been around long before electronic banking and debit cards.
But you miss the Limit of Liability issue. A CC is limited to $50 and 99.9% of the time $0. Stolen debit card info will empty your linked bank account and you have to fight to get the funds returned. I spent the past 10 years designing and writing electronic banking software and, with this new check washing issue, I think it is much safer for retail banking. Not as safe as international commercial funds transfer because of so many customer-facing interfaces, but safer than checks.
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magicbus
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06/23/23 07:27am |
Technology Corner
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RE: Wireless Provider Gripe
I thinks it sort of naïve to think you can somehow shield your info by not using a debit card. How do you pay the credit card that T mobile now uses? With a check?
When you write a check you put all your info out there. Are you fearful of writing a check? In the end its no different in terms of others having access to your info.
I pay with an e-payment via online banking. Regarding checks, go read up on check washing. There really is no reason to use paper checks anymore. And, if your debit card is compromised your bank account gets emptied. With a CC you just reject the charge.
No reason whatsoever to have a debit card.
Dave
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magicbus
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06/23/23 06:30am |
Technology Corner
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RE: Wireless Provider Gripe
Personally I would never even have a debit card, too dangerous. But in your case why not open a no fee credit card and give them that number? You may find it makes your life easier by having other monthly bills put on autopsy too. It takes the same amount of self-control to pay the one credit card monthly bill as it takes to pay multiple regular bills.
Dave
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magicbus
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06/23/23 03:42am |
Technology Corner
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RE: Looking for solar powered (or not) wifi security cameras
Check out Vosker Cameras.
Dave
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magicbus
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06/12/23 04:05am |
General RVing Issues
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RE: Water Pump
Agreed on the antifreeze intake valve being in the wrong position.
Dave
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magicbus
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06/10/23 03:26am |
Class B - Camping Van Conversions
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