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by brador 4396 days ago
Someone in the comments: "what if someone files a chargeback on the card?". Any thoughts on this? By using the machine you've moved from a reversible transaction to an ireversible transaction. It looks ripe for scammers to abuse.

At least at a counter they'd have your face on cam, but with this they don't.

4 comments

I doubt you could easily initiate a chargeback because: they only accept debit cards, it's a card-present transaction, and presumably the buyer has to enter their PIN.

For the sake of the argument, you can still initiate a chargeback even if you don't claim unauthorized use of your card: e.g. you did make a purchase but the merchant didn't deliver the product, or the product was defective and the merchant refused to give you a refund, etc. But I don't think you'll have much luck trying to claim that a bona-fide financial institution gave you something that's not gold.

They probably have a camera on the thing that they could go back and get the the photo of the person who did the transaction.
They don't accept credit cards, only debit cards. So it has the same properties as a normal ATM. You can't take cash out of an ATM and then issue a chargeback.
Until banks begin routinely scan serial numbers of all incoming notes (and the implications of this filter through to merchants), gold and cash are about equally hard.