Re:Unexpected challenges of making money on the internet
by leesalminen on Thursday March 08, 2018 @04:10PM
(#16547651)
Not Voodoo, just a service offered by the card brands. Banks notify the card brand of a new card, the card brand notifies the processor who then updates their database.
Generally processors charge $1/card updated, but stripe is pricey enough to include it for everyone.
I only just learned that Stripe use some sort of voodoo to continue recurring payments after a card is replaced, which overcomes one of my main objections. If I were Stripe, I'd be shouting this from the rooftops.