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
The card number (and expiry date) are largely all you need to make online purchases. Some additional information is required (person’s name, security code on the back of the card, etc) but generally if you get the card number and expiry date you are in a position to get the rest of that information. No PIN required for online purchases because that’s tied to the card itself.
In person purchases have a few options to bypass. Tap-to-pay cards always provide the same information on each tap and could be copied and duplicated onto another card or device allowing for small purchases. The magnetic stripe is also easily duplicated, though used less often. Hacking the PIN/chip requirement requires the card itself, and basically requires the PIN terminal to be tampered with. As I recall it could lie to the card and say that it doesn’t support PIN input and some cards or companies will fall back to requiring a signature instead. So no PIN required, but requires the card itself and a retailer whose system is old or already compromised.
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