Hacker News Reader

Comment by pfundstein | Hacker News Reader

If you report your card lost/stolen, then there is no way anyone should ever be able to charge it again.

Did you report your old card lost or did they issue a new one because it expired/etc?

I seem to recall some credit card companies will reroute recurring charges for the old number to the new card.

If they do that for cards reported lost/stolen then that's a lawsuit waiting to happen. Thankfully it hasn't happened to me or anyone I know and this is the first I've heard of it.

My chase sapphire card number was stolen while on vacation out of the country before covid. Reported the fraudulent charges and got a new card and number.

Recurring subscriptions transferred for about 12 months then I had to update the card number.

I’m not a payments expert but presumably the subscription is tied to some authorization and not necessarily the number itself.

Not really. If you authorized a recurring charge, it isn't unauthorized, and you are liable. Most people want recurring charges to continue. Just because you lose your card doesn't mean you want to forget paying your phone bill or something. Merchant disputes are a thing, but they are not the same as an unauthorized charge.

As long as the recurring charge wasn't created while the card was lost/stolen, what's the problem?

There are reoccurring payment vendors that offer this as a feature. At one point I had to cancel bank account. Got a call for a recruiter for such a company. Not a chance.

My card was not lost, so I didn't report it. This was when the banks migrated to chip cards here in the US, and for whatever reason the new card had a different number.

I wouldn't be surprised if Stripe enabled this functionality because with the chip migration, they would have otherwise lost tons of revenue (as would their vendors).

That makes sense. This is why I specifically reported my card lost - so that it would be invalidated, instead of reissued, had I reported it damaged for example.

If the new card with a new number still goes to the same underlying account the VISA and MasterCard account update services will try to give the new number to merchants who were using the old card and number for recurring payments.

Reply on news.ycombinator.com