Wirecard offices searched as prosecutors probe management board

Re:Wirecard offices searched as prosecutors probe management... by gruez on Saturday June 06, 2020 @11:44AM (#23439936)

>More likely, by issuing the refund via debit card, Wirecard and Verizon are able to extract every last possible penny by way of debit card fees and people who simply didn't bother to get their money off the debit card, by virtue of the friction they created for the customer with the debit card.

In my experience you don't get charged fees if you try to spend the money normally (eg. at a store). There's still the problem of spending every last cent on the card, but supermarkets and gas stations generally allow charging an arbitrary amount to a debit/credit card. I think they even have a free option to transfer the balance to your bank via ACH.

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Re:Wirecard offices searched as prosecutors probe management... by chrismmay on Saturday June 06, 2020 @12:24PM (#23440274)

So, to add insult to injury, they require that I provide them with my bank account number and my routing number just to get my refund that could have been simply credited back to the credit card I used to pay them originally or issued via a paper check.

Just what the world needs. More plastic. Because it's "cheaper", and sharing more sensitive information, because they are sooooo trustworthy.

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Re:Wirecard offices searched as prosecutors probe management... by greenyoda on Saturday June 06, 2020 @07:26PM (#23443262)

I also got a refund from Verizon as a debit card, and thought about the easiest way to extract every cent of it. My solution was to use the debit card to buy an Amazon.com gift certificate for myself for the exact amount that was on the debit card. Amazon makes it easy to pay for all or part of any transaction using a gift certificate.

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