Aren’t people supposed to know your pin in order to buy stuff with it? I haven’t had my credit card yet since I’m still a teen But I really wanna know how this works and why People constantly worry the msot about the credit card number
In: Economics
Actually, pins are rarely necessary for a purchase. Online, they’re never used. Just the security code and expiration date, both of which are printed on the card and easily obtainable by a credit card thief. In person, most credit cards don’t have or require a pin for each purchase and usually if you’re using a debit card, you can choose to run it as credit so that it doesn’t ask for a pin.
The good news is federal regulations (at least in the US) require banks and credit card companies to reimburse you for fraudulent purchases as long as you report them in a timely manner (I think it’s like 30 days but I might be wrong). So as long as you pay attention to your monthly statements and online banking, it’s not the end of the world if your info gets stolen.
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