8 votes

Virtual Cards by Privacy

9 comments

  1. [4]
    Ripsta
    (edited )
    Link
    Another great tool that allows you to link a bank account or debit card as the source of funds, for virtual credit cards. These virtual credit cards can be created on the fly and are link to the...

    Another great tool that allows you to link a bank account or debit card as the source of funds, for virtual credit cards.

    • These virtual credit cards can be created on the fly and are link to the merchant you use it with. You can set a limit on how much can be use per transaction or per month etc.

    • You can make a burner card to sign up for free trials like Netflix and Hulu and not have to worry about remembering to cancel, as the burner card will not process anything.

    • It also reduces the chance of anyone stealing your bank card information from online shopping since you won't have to give the real one every time you make a purchase online.

    • No more secret charges either. If you have a recurring bill (let's say $20/month) and you set the limit to that amount, if the institution which you have the bill decides to charge you for something else like an extra $50, it will decline. It will help avoid having to have to fight to get back your money.

    • Also you can have every transaction made through Privacy be posted to your bank statement as some generic store's name (I believe they have 3 at the moment). If you want to keep your bank from knowing of details of your online transactions.

    I've been using it for years now and I love my experience. My only gripe is that the posting onto you bank is a few days after the purchase.

    Edit: US ONLY

    5 votes
    1. [2]
      Weldawadyathink
      Link Parent
      I couldn't tell from their website, but I am guessing it only can take money from a checking account and not other credit cards? I would love to use it, but I get a decent bit from my cards'...

      I couldn't tell from their website, but I am guessing it only can take money from a checking account and not other credit cards? I would love to use it, but I get a decent bit from my cards' rewards programs and don't want to give that up.

      1 vote
      1. Ripsta
        Link Parent
        Only checking accounts at the moment. They do want to add support to credit cards soon. Maybe by then you can give them a try.

        Only checking accounts at the moment. They do want to add support to credit cards soon. Maybe by then you can give them a try.

  2. [2]
    patience_limited
    Link
    I looked at privacy.com when it was first announced, figured I'd give it time to mature for a while, then promptly forgot about it. Reading current reviews, it seems the service works well. But...

    I looked at privacy.com when it was first announced, figured I'd give it time to mature for a while, then promptly forgot about it. Reading current reviews, it seems the service works well. But when it doesn't, they still don't have adequate resources to resolve issues like chargebacks on fraudulent goods.

    My bank now provides a similar service as debit card protection, and others may as well.

    4 votes
    1. Ripsta
      Link Parent
      Fair point I would think a person would decide whether they care more about privacy over security when having to do transaction with lesser known business or individuals online. If for example I...

      But when it doesn't, they still don't have adequate resources to resolve issues like chargebacks on fraudulent goods.

      Fair point I would think a person would decide whether they care more about privacy over security when having to do transaction with lesser known business or individuals online. If for example I have to buy something on eBay from a seller who only has 2 reviews or so I'd probably use Paypal to be secured for that transaction. I guess it depends on how far a person threat model goes that this would be a deal breaking issue. I mainly use it for recurring bills and small transactions where I favor privacy.

      2 votes
  3. [3]
    skybrian
    Link
    Looks like this startup has been around a few years. I wonder how they're doing?

    Looks like this startup has been around a few years. I wonder how they're doing?

    1. [2]
      balooga
      Link Parent
      I don't know anything about them, but the fact that they got their hands on the privacy.com domain name is impressive.

      I don't know anything about them, but the fact that they got their hands on the privacy.com domain name is impressive.

      4 votes
      1. skybrian
        Link Parent
        Yep. Though they're hard to Google. I find searching for "privacy.com startup" helps a bit. It's a bit ironic in that a hard-to-Google name makes privacy easier in other situations.

        Yep. Though they're hard to Google. I find searching for "privacy.com startup" helps a bit.

        It's a bit ironic in that a hard-to-Google name makes privacy easier in other situations.

        3 votes