I go weeks at a time without getting asked for identification when paying with a credit card. Most merchants will happily swipe the coin and move on with their life. Those that question it can still check ID or make a copy of the driver's license. This is a sweet product and I can't wait to dump the 7 cards in my wallet. One extra backup card, a good thing to have regardless, will take care of the occasional merchant who won't accept coin.
btw, it sounds like you should have had a lawyer handling some of those chargebacks, particularly if you had captured the driver's license info. We started using a (cost conscious) lawyer to deal with every chargeback and our win rate went way up. And by "dealing with a chargeback" I mean forwarding along our response on his letterhead.
Re:Coin
by drivers99 on Thursday November 14, 2013 @03:44PM
(#6735413)
Merchants aren't allowed by their merchant agreements to require your id in order to accept a credit card. They are supposed to check your signature. https://www.privacyrights.org/ar/Alert-FS15.htm
Re:Coin
by vidarh on Friday November 15, 2013 @06:13AM
(#6738809)
They are not asked to accept a credit card in the case of Coin. They are asked to accept a device that contains an unauthorised reproduction of the mag-stripe contents of a credit card.
btw, it sounds like you should have had a lawyer handling some of those chargebacks, particularly if you had captured the driver's license info. We started using a (cost conscious) lawyer to deal with every chargeback and our win rate went way up. And by "dealing with a chargeback" I mean forwarding along our response on his letterhead.