Re:Revolut CFO resigns following money laundering controversy
by baby on Friday March 01, 2019 @02:46PM
(#19284568)
I have Monzo and Revolut and they do charge you later for tips last time I checked. But it would be great if they couldn't, it's a huge security fail in my opinion.
Checked Monzo again, they have this in american transactions:
> Restaurants in the USA
> Restaurants in the USA are a bit of a special case. The waiter runs your card for the meal's amount and then, after youtip, they cancel the first transaction and charge you again for the meal plus your generous tip.
> REAL TIME
> The problem is that, until the first transaction reverses (10 days later) we don't have a way to tell that the restaurant charged you once or twice.
> Legacy banks will block the initial transaction amount in your account and release it 10 days later, but only the amount + tip will appear in your statement :)
Checked Monzo again, they have this in american transactions:
> Restaurants in the USA
> Restaurants in the USA are a bit of a special case. The waiter runs your card for the meal's amount and then, after youtip, they cancel the first transaction and charge you again for the meal plus your generous tip.
> REAL TIME
> The problem is that, until the first transaction reverses (10 days later) we don't have a way to tell that the restaurant charged you once or twice.
> Legacy banks will block the initial transaction amount in your account and release it 10 days later, but only the amount + tip will appear in your statement :)