Hail Satan.

Kbin
Sharkey

Using Mbin as a backup to my main Kbin account due to tech issues on Kbin.social. May either switch to this one permanently or abandon it, depending on how Kbin’s development goes. All my active fedi accounts are linked.

  • 3 Posts
  • 382 Comments
Joined 7 months ago
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Cake day: March 4th, 2024

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  • You do realize that if the bank authorizes a transfer, that you did not… it’s wire fraud and they’re obligated to refund that cash, regardless if they recoup the cash or not.

    You do realize that not every transaction happens in countries where these protections exist, right? Not everybody can rely on something like the FDIC to protect their funds.

    On the other hand, if you give your credentials to a 3rd party, that’s against the ToS none of us actually read, and if something happens to your account; they’re going to deem it as your fuck up.

    You’re not providing your bank credentials directly to the third-party, either. They use OAuth-like systems to log you in, typically. I’m not familiar with Ozow, specifically, but from what I can tell about their company, they appear to be doing mostly the same things as Plaid.


  • It’s also risky to give. Banks will generally approve all transactions between two accounts if one of them is a business account, because the assumption is that those are business transactions and are legitimate 99.99% of the time, so there’s very little scrutiny involved for those transfers. Giving the merchant your routing/account number gives them access to make withdraws from your account at will and at any time and can’t be revoked, and giving that access to somebody you may not fully trust the reputation of is a dangerous move.

    A trusted financial institution as a middleman can be useful for those situations, because they’ll tokenize your details to expose as little as possible to the merchant, directly. These services are typically insured, so even if something did happen to your account, you’re more likely to get your money back than if you gave a merchant direct ACH access to your bank account. It’s basically a modernized version of Western Union.


  • That’s unusual, but not unheard of. Some online merchants will allow you to make payments via ACH transfers. Can be useful for things like international purchases or if you don’t have a normal credit/debit card to use. Sometimes smaller merchants will prefer this, if they don’t have an existing business partnership with a payment processor already.

    Usually these will go through a third-party system that tokenizes your login with your bank. This way the merchant can only access your routing/account numbers to do the transfer. As for why you’d need to provide your bank login instead of the routing/account numbers directly, it’s usually just a form of fraud prevention, as the login verifies that you’re actually the account owner and not trying to pay with a checkbook you found on the street.

    It’s similar to Plaid, which is a near-identical service that some merchants in the US use. From what I can tell, Ozow appears to be legitimate, so realistically it’s probably safe to enter your login details as long as you’re not getting any certificate errors on the page.

    E: Not sure why this is downvoted. I’m not saying it’s a good system, just saying that it’s not inherently a scam.









  • I’m gonna be honest with you, there’s probably some red flags that your doctor saw that perhaps you’re unaware of. You say living in your van is a choice; are you being honest with yourself about that? Are you actually taking care of your hygiene this way?

    Because one red flag I’m seeing is a van-dweller making a doctor’s appointment in the first place. Usually nomadic/hermitic people (as in, those who choose to live off the grid and aren’t doing so as a matter of circumstance) generally don’t go to the doctor, unless something is really wrong. So for you to show up in a doctor’s office at all is already anomalous in the first place.

    It shouldn’t be understated just how important basic things like access to clean running water can be. And you’re using the words “van” and “SUV”, and not “RV” or “motorhome”, which leads me to believe that you aren’t taking care of some basic needs.

    If you’re truly taking care of yourself and being healthy, then more power to ya; I’m honestly a little jealous of those who can live that life. But if you’re actually struggling, you should probably consider taking a look at the paperwork they gave you. Don’t get pride get in the way of getting help.