Credit Cards: Magnetic Card Strips...

Discussion in 'Payment Processing' started by akel, May 19, 2011.

  1. #1
    Just been watching a video on credit card cloning.. Now I know my card as a Chip for Chip and Pin and also a magnetic card reader on it.

    IF someone stole my card details and cloned my card how would they spend my money? Because EVERYWHERE only accepts Chip and Pin? Whats the point of even having a magnetic strip?

    All answers are welcome, thank you!
     
    akel, May 19, 2011 IP
  2. jestep

    jestep Prominent Member

    Messages:
    3,659
    Likes Received:
    215
    Best Answers:
    19
    Trophy Points:
    330
    #2
    Nobody in the US accepts chip and pin. Depending on where you're located at, many countries use it and many do not. It's pretty big in Europe, but in the US, Canada, and most of the western hemisphere most people wouldn't even know what it is.
     
    jestep, May 20, 2011 IP