Originally Posted by
reclusive46
Some of the smaller building societies (equivalent to US credit unions) will decline all magnetic stripe transactions unless you inform them your going abroad. Which isn't great as some UK merchants (like parking meters) still use the magnetic stripe.
I don't get why they care about magstripe in the UK? I mean, they're not liable for any fraud - the merchant is.
Originally Posted by
reclusive46
Sorry for the confusion, it made in sense in my head, I promise
Yeah its usually magnetic stripe transactions that raise suspicion in the US.
Hopefully, they'll become quite rare by the end of the year.
Originally Posted by
Points Scrounger
I think he's saying that non U S merchants will stop voiding/hassling signature transactions if they don't have to worry so much about charge back on chip + sig card liability not affecting them directly.
No, he wasn't saying anything remotely resembling that.