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Free virtual credit card generator @ privacy.com

lacedup 7,317 4,678 July 22, 2016 at 10:28 AM in Memberships (6)
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Last Edited by lacedup July 23, 2016 at 05:53 AM
https://privacy.com

I'm making this thread because they just this week started open memberships. Before it was invite only. I've had it for months, and it's awsome.

Basically u link a bank account, then press " new card " and it gives you a virtual cc number with expiration and cvv code.

What's cool is now on ur bank statement u can make the charge show up as something random like "smileys hardware store"

And you can put any name or address under billing name and address under the site ur buying from.

You can also set a card to a single merchant and/or set monthly or yearly limits...ie. Netflix $10'a month..so if someone ever orders more than $10 it won't allow it. I personally use this cuz I share my Netflix with 4 people, this way they can't order gift cards and stuff..can also be useful if u have kids..ie $10/month Pokemon go

You can also set up 1 time use burner cards. I use this for shadyish merchants and free trials. Actually came in handy last week as I forgot to cancell a trial and the merchant unsuccessfully tried to charge $100 ( you get a notice of declined transaction)

I also set up a new card for Everytime I use groupons $10 off for new customers. I either purchase local deals or e gifts, remember you can put any name or billing address, so ur untraceable

http://www.pcworld.com/article/30...-safe.html

http://www.theverge.com/2016/3/24...-extension


The company announced in October that it had raised $1.2 million from investors, including Jim Messina, former White House deputy chief of staff and main driver of President Obama’s 2012 re-election campaign. And the company’s founders include Andy Roth, the former chief privacy officer for American Express.

Just learned this today:
From privacy.com's FAQ:
"How do chargebacks work with Privacy? Do you offer the same protections as my credit card?
We recommend always trying to resolve the issue with the merchant prior to issuing a chargeback - merchants would almost always prefer to resolve the issue without a chargeback. In the event that you have tried to contact the merchant and have been unable to reach a resolution, you can dispute the transaction from your Privacy dashboard. Privacy is the issuer in this case, and we will attempt to resolve the issue in every possible manner - including filing a chargeback on your behalf

Why they need and u can't change ur bank log in:

I can understand the need for initially providing my banking credentials for AML/KYC reasons, but I feel uncomfortable with your company continuing to use those after the initial check.
Why can't you just use the routing/account numbers for ACH after the initial signup?
boling11 119 days ago [-]
We don't actually store your credentials. We work with Plaid.com, and take a token which we can use to pull balance information. This allows us to fund a transaction in real time and take on the risk of ACH. When you change your credentials, that token gets reset.
If we took routing / account numbers, you'd have to preload your account and wait up to 3 business days. It's something we're definitely looking into though as well though.

Why the boa and citi bank vcc don't compare:

1) theyre credit vs debit..ie. Apr,fees ect..
2)ALOT of sites don't allow virtual credit cards, but this one works on them (Google express)
3) most free trials don't accept the boa or citi vcc
4) you can't put a fake name and address under " billing"
5) the charge shows on ur statement from the retailer, you can't spoof.
Basically their not the same in ANY fashion
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WARNING:
In order to verify your bank account you need give them your bank (if supported) username and password. There is no option for the old fashion penny deposit.

What is worse is that if you change your bank password, you need to re-sync with PRIVACY, meaning they will always have your current password. I did not verified it personally but a few other users confirmed it.


Quote :
Quote from dmikester10 View Post :
I copied this thread from https://news.ycombinator.com/item?id=11356461, should answer some of your questions.

@boling11, why does privacy.com need access to my online banking on an ongoing basis, after the initial signup is finished?
I have changed my online banking password after signing up successfully, and I received an email complaining that "Our connection to your bank is broken".
I can understand the need for initially providing my banking credentials for AML/KYC reasons, but I feel uncomfortable with your company continuing to use those after the initial check.
Why can't you just use the routing/account numbers for ACH after the initial signup?
boling11 119 days ago [-]
We don't actually store your credentials. We work with Plaid.com, and take a token which we can use to pull balance information. This allows us to fund a transaction in real time and take on the risk of ACH. When you change your credentials, that token gets reset.
If we took routing / account numbers, you'd have to preload your account and wait up to 3 business days. It's something we're definitely looking into though as well though.
ouroborus 106 days ago [-]
Paypal handles these kinds of transactions just fine without preloading and without needing my bank account's username and password. In addition, banks typically tell you to never hand out those credentials even to their own employees.
zgubi 119 days ago [-]
Thanks for your answer, it clarified things a lot.
My concern with plaid.com using my banking credentials on an ongoing basis still stands though, and for me this currently outweighs the privacy benefits to be gained by using the service. Additional ways of funding (either using a debit card or ACH preloading) would be most welcome and go a long way towards addressing my concerns.
privacy.com would be a very useful service to me, and I hope you will be successful with it!
Need at least $50 in funded account to use this virtual CC.
Even worse - another party involved.

318 Comments

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#3
Wow this sounds awesome. Too good to be true?
Reply Helpful Comment? 0 0
#4
LOL I can imagine people hiding strip club receipts from their wives with this LOLOLOL
Reply Helpful Comment? 2 0
#5
was waiting for an invite

thanks great timing TU & REPS OP

to add a basic layer of security i will have to use 2 separate banks one to hold my funds and then when i want "Privacy" i will transfer to an otherwise empty & free account that will be linked to "Privacy"

IMHO this option will not bode will and SHOULD NOT bode well with the banks and i hope it will nudge them to offer this otherwise great idea themselves
it like a 3rd part seller and Amazon
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Last edited by thegreatfixer July 22, 2016 at 03:01 PM
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#6
Quote from spideydude628 View Post :
Wow this sounds awesome. Too good to be true?
It's really not..like I said I've been using them for months
Reply Helpful Comment? 0 0
#7
Just signed up, thanks!



Quote from thegreatfixer View Post :
waiting for an invite
I didn't need an invite... just clicked sign up.
Reply Helpful Comment? 0 0
#8
um why is there no https on their website?
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#9
Quote from coolbeanz View Post :
LOL I can imagine people hiding strip club receipts from their wives with this LOLOLOL
Laughing Out Loud Out Loud Out Loud
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#10
I really don't trust this. They want the username and password to my bank account. That is completely unnecessary. They could easily do it with a routing/account number combo andthen micro deposits.
Reply Helpful Comment? 8 1
#11
Is it legit? Worry about ID theft.
Reply Helpful Comment? 1 1
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#12
Privacy.com is a legitimate business. I personally haven't found a use for it because I, fortunately, have a Citi card for VCC generation. I use VCCs so often that I have a list of hundreds of pre-generated VCCs, ready to go.

Perhaps the most powerful basic tool in my deal-hunting arsenal is the ability to generate VCCs and email addresses.

Tofu Vic
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Last edited by TofuVic July 22, 2016 at 10:41 AM
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#13
Quote from Henley View Post :
Just signed up, thanks!




I didn't need an invite... just clicked sign up.
U did before today
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#14
Only bofa provides this. Other banks don't seem to care
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#15
Quote from cstring View Post :
um why is there no https on their website?
it defaulted to https for me. https://www.privacy.com
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