Xiaomi MiMo Reasoning Model (github.com)

My web hosting service renewed my subscription by charging my bank account through an expired debit card. Why do banks give payment processors such power? It’s ridiculous!

My leverage has always been to leave expired cards on file when I find it difficult to cancel a subscription. It's crazy that they can get around it.

Comments (11)

mickelsen · 57m ago

When some of my banks issue a new card in case of loss, they keep either the same numbers (except for the expiry date or verification code) or do slight changes (last 4 numbers)

Subscriptions linked to any of these cards fail to renew, so it seems this works differently from renewed cards you receive when the original is expired or about to expire.

Maybe this is just how banks treat cards in my country, but have you seen this work elsewhere?

kasey_junk · 5h ago

The business is using a card account updater. All of the card networks offer this service and most issuing banks participate.

This is an extremely popular feature with both consumers and merchants as most of the time card payment changes (card reissues, expiration etc) causes unwanted disruption. You happen to be in the minority who dislike it.

Your issuing banks is who you need to take this up with, the payment processor is acting on their behalf in this case.

farseer · 9h ago

Some merchants are more adept at this than others. I had a Wordpress plugin (Elementor Pro) manage to charge me despite an expired card to my fury. While another SaaS (Webflow) couldn't manage the same while trying to charge the expired card 5 times (and mailing 20 times).

sapili · 14h ago

This is commonplace. Banks allow it to avoid subscriptions failing where the customer hasn't updated their card. Merchants may also be able to get the updated card details from the bank.

What you can do instead is get an account that lets you create virtual credit cards that you can later cancel and destroy. This should prevent any future charges going through.

AStonesThrow · 12h ago

> create virtual credit cards

I was forced into this behavior by Google Pay/Wallet, and I found it extremely precarious.

With one of those virtual cards I purchased an item at a high cost, and unfortunately I had to go through a cycle of factory reset and reload everything to my phone. This necessarily wiped the "virtual cards" stored there.

Thereafter, I went back to the merchant for a refund, and we found that a credit to the "original card" was impossible because I "no longer possessed" the original card! I was rather infuriated that it would be this easy, but Google assured me there's no error and this is how it works. Google claims that they're protecting our privacy, but I basically did not ask to be enrolled in these virtual cards and, when we trust the card processors, this is a disadvantage and honestly, kind of insulting to our relationship.

This glitch cost me a long, long time as I needed to wait for a paper check to issue in the mail. Therefore, I would urge caution and being fully-informed of the corner cases, before anyone tries to use a virtual card for any serious transactions.

incognito_mood · 38m ago

Have never had any of those issues with refunds or reversals using privacy[dot]com virtual cards, fwiw

Ecco · 14h ago

Weird. What is the expiration date for, then?

revskill · 10h ago

I set my card balance to zero.

cpach · 7h ago

Interesting. How does one do that?

2rsf · 6h ago

You can have a dedicated account for your card, in theory you can create an account per valid card and cancel it afterwards or at least nullify it

cpach · 2h ago

Ah. Does that work only for debit cards or for credit cards too?