Credit card hacked !

[JackGats]

I think one thing one can do is to use the foreign credit card from withing Google Wallet (or Apple pay). Such NFC payments are supersecure since the credit card data are not transmitted with each payment.

 

What I hate about shops in Thailand is that they insist on sticking my Thai debit card into the machine even when NFC would do. Entering the credit card into any machine entails a risk of card cloning from what I understand. Plus, in Thailand they have an array of machines and often don't now which to use, so they try one, then the other ... Often I just tell them "stop" and I pay in cash.

 

I also read it is better to have two cards rather than one in your pocket because two cards interfere with one another when a hacker comes near with a remote data hijacking device.

 

This being said, I've used my Thai debit card for over five years to shop in Thailand and I've never been hacked. Note that often the expats who report having been hacked are expats with a wife. Now if the wifes or girlfriends handle credit cards the way they handle their smartphones (breaking them every 4 months) accidents are likely to happen.

[richard_smith237]

7 hours ago, quake said:

 

Ok.

Glad you acknowledge we still need cash.

 

I believe cash monitors your spending far better than flashing a QR code on your phone.

for some people who just can't manage money, i think cash is better for them.

 

I think thats still 'older thinking' there are loads of Apps available for cash and budget managements. 

Thinking of this 'only from our own perspective' is not a valid argument IMO.

 

Cash is great as an emergency but not as convenient.

 

 

7 hours ago, quake said:

Now one other reason to keep cash is. to stop governments and companies having control over your life.

 

How much cash are you keeping - US$500,000 under your mattress ?  - IF the government want control over your life, they'll have control over your bank do - you won't be able to withdraw cash...  So, Keep Gold in the safe ?  - its a rather a doomsday prepper kind of approach (and what if you get robbed etc).

 

7 hours ago, quake said:

We have seen what China and Canada have done when it comes down to control, shutting people down.

is that the world we want to live in. 

 

The 'Farage' argument has also been used - however, for the Average Westerner, this is not a concern whatsoever....  But, I agree with you, no government anywhere should be blocking our accounts.

 

Its why I will welcome wider adoption of Crypto - where even 'digital cash' (in a fiat base) as we know it may soon be a thing of the past we we pay with a decentralised currency (Crypto) without exchange rates without fee's (thats at least one idea of where this could all be going).

 

7 hours ago, quake said:

I will continue with cash for as long as possible as my main way of payments 

 

We need all options - I'd hate to see cash disappear, but it is by no means 'king'...  Gold would be a 'better King' if we had to chose one.

 

The reality of these discussion is that they always become 'binary' - as on Pro one thing, and Anti Another...  When in reality...

... being specifically Pro-Cash and Anti-Digital (Card / QR / Digital Trx etc) is a fundamentally flawed approach.... 

... Just as being Pro-Digital and Anti-Cash would also be a fundamentally flawed approach.

 

We here the strongest arguments from loudest voices at the extremes of the spectrum of this debate, whereas, in reality, anyone welcoming both cash and Digital payment options are sitting the most comfortably in a world of combined convenience and financial safety.

 

- Credit Card Fraud - it happens - the Banks take the risk.

- Monetary theft - it happens - We OR in larger Sums, the Bank takes the risk.

- Crypto-Fraud - it happens - We or the Exchange, takes the risks.

 

There are Solid precautions for all of the above - but from a day to pay perspective - I find Credit Card usage to provide a combination of being the most convenient and the safest.

 

 

 

 

 

[ravip]

Luckily, KTC cancelled the entire transaction.

[Patong2021]

12 hours ago, quake said:

 

Ok.

Glad you acknowledge we still need cash.

 

I believe cash monitors your spending far better than flashing a QR code on your phone.

for some people who just can't manage money, i think cash is better for them.

 

Now one other reason to keep cash is. to stop governments and companies having control over your life.

We have seen what China and Canada have done when it comes down to control, shutting people down.

is that the world we want to live in. 

I will continue with cash for as long as possible as my main way of payments 

 

This is such nonsense. You still need a debit card to take money out of the ATM, unless you are one of those persons who insists on lining up to see a bank teller for a withdrawal. If the government had a  sinister plan to control credit cards, it could just as easily apply the same measures to debit cards or even  bank accounts.   The extent that you people go to weave such imagined convoluted plots is scary because you are allowed to roam freely amongst us.

 

Canada did not shut just anyone down. What it did do is to freeze the bank accounts that were collecting funds for a handful of  bullies who were terrorizing a residential population in Ottawa and who were engaged in illegal and inappropriate civil disturbance and protests during Covid. Blocking the shipments of essential goods such as food and  medical supplies at a border crossing was not legitimate protest. Disrupting  the delivery of medical services was not legitimate  protest. Multiple  requests were made to stop the blockages and were ignored. Court orders were secured and were ignored.  Parking  heavy trucks on residential  streets, blaring music and horns at all hours, and running the engines such that the neighborhood was filled with choking diesel fumes was not legitimate protest. Terrifying children and stopping people from the use of their homes was not legitimate protest. Court orders were given to cease and desist, and were ignored. The government's response was far too mild when it came to the small group of selfish bullies with their claims of conspiracies and their promotion of far right political ideology.

 

You keep paying with cash. However, do not expect merchants and retailers to accept to bend over backwards to transact act with you. Have fun making a big purchase like an airline ticket or a hotel stay. Lucky for you that you do not travel much or have the need to make large  transactions. And lucky for you that you can manage with a  poor credit score. Most people cannot function like that. Some people use their credit cards to obtain status at hotels and on airlines and that makes travel much easier.

[richard_smith237]

1 hour ago, Patong2021 said:

This is such nonsense. You still need a debit card to take money out of the ATM, unless you are one of those persons who insists on lining up to see a bank teller for a withdrawal. If the government had a  sinister plan to control credit cards, it could just as easily apply the same measures to debit cards or even  bank accounts.   The extent that you people go to weave such imagined convoluted plots is scary because you are allowed to roam freely amongst us.

 

Canada did not shut just anyone down. What it did do is to freeze the bank accounts that were collecting funds for a handful of  bullies who were terrorizing a residential population in Ottawa and who were engaged in illegal and inappropriate civil disturbance and protests during Covid. Blocking the shipments of essential goods such as food and  medical supplies at a border crossing was not legitimate protest. Disrupting  the delivery of medical services was not legitimate  protest. Multiple  requests were made to stop the blockages and were ignored. Court orders were secured and were ignored.  Parking  heavy trucks on residential  streets, blaring music and horns at all hours, and running the engines such that the neighborhood was filled with choking diesel fumes was not legitimate protest. Terrifying children and stopping people from the use of their homes was not legitimate protest. Court orders were given to cease and desist, and were ignored. The government's response was far too mild when it came to the small group of selfish bullies with their claims of conspiracies and their promotion of far right political ideology.

 

You keep paying with cash. However, do not expect merchants and retailers to accept to bend over backwards to transact act with you. Have fun making a big purchase like an airline ticket or a hotel stay. Lucky for you that you do not travel much or have the need to make large  transactions. And lucky for you that you can manage with a  poor credit score. Most people cannot function like that. Some people use their credit cards to obtain status at hotels and on airlines and that makes travel much easier.

 

Wholly valid points, every single one of them... 

 

But the "I waited behind someone who took too long using their QR Code" crowd, or "I had a fraudulent transaction" crowd will always rely on some flawed emotional anecdote to rationalise either a degree of paranoia or a simple unwillingness or inability to evolve.

 

Some of the comments here seem as if they are written by Victorians... "Oh I don't trust those electric lamps that turn themselves off"......

[gamb00ler]

1 hour ago, Patong2021 said:

You still need a debit card to take money out of the ATM

No longer true... I haven't used mine to withdraw cash for a couple of years now.  Check out cardless withdrawals.   I have my debit card set to max withdrawal of 0 but I can still use it to deposit cash (rarely, of course).  About every 6 months somebody tries to make a purchase in USA using my Thai debit card.  I never bothered to go to the bank and get a replacement.... absolutely no risk that I lose money to hackers using that card number.

[Patong2021]

3 hours ago, gamb00ler said:

No longer true... I haven't used mine to withdraw cash for a couple of years now.  Check out cardless withdrawals.   I have my debit card set to max withdrawal of 0 but I can still use it to deposit cash (rarely, of course).  About every 6 months somebody tries to make a purchase in USA using my Thai debit card.  I never bothered to go to the bank and get a replacement.... absolutely no risk that I lose money to hackers using that card number.

 

Your cardless withdrawals rely on the use of the bank's application. It also uses QR codes and/or input codes sent by SMS. Not very helpful if one doesn't have internet service or  does not have a phone with their person. Do you actually believe that the people claiming credit cards are part of a sinister plot are going to have smart mobile phones? Really?

If you have confidence in the bank's web security, then more power to you. I do not use  Thailand banking applications because I do not agree with the terms and conditions. I suggest you read them. For example SCB's

 

3.8.6 If there is any transaction executed via ATM Machines by using the withdrawal code received by the Applicant from the Bank, it shall be deemed that the Applicant has received the money and/or the facility amount (as the case may be) and such transaction is accurate and valid and shall bind the Applicant in all respects without having the Applicant to execute any evidence of receipt of such amount or sign any other documents. The Applicant also agrees to be bound by such act as if it has been done by the Applicant regardless of whether it has been done by the Applicant or any other person and for whatever reason.

 

6. The Bank’s Liability and the Limitation of Liability

6.1 Any acts done by the Bank pursuant to these terms and conditions and/or pursuant to the use of service(s) or transaction execution(s) under Electronic Services, and/or pursuant to the Applicant’s requestand/or any terms and conditions for the use of any Bank’s services which are currently existing or hereafter to be further prescribed, shall bind the Applicant in all respects and the Bank shall not be responsible for any losses and damages incurred to the Applicant, the beneficiary and/or any other persons except such loss and damage incurred from the intentional fault or gross negligence of the Bank. 6.2 The Bank shall not have to be liable for any losses and damages incurred to the Applicant and/or any persons in all respects in case of the Applicant fails to comply with or breaches these terms and conditions or any agreements between the Applicant and the Bank and/or in case of any Force Majeure events.

 

In effect, all the burden of proofin the event of a disputed transaction is transferred to the customer. One might eventually get a transaction reversed, but it will take time and will be a hassle. No thank you to that.