why hasn’t visa or mastercard made a payment method that doesn’t expire?

having to plug in a new card in all these places after the old one expires is so annoying.

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oh no. they don’t send out warnings or online invoices to pay? i only remember when i get an email that my payment bounced 🫣

At least you remember to plug the new card, my electricity shut off one day and I called to complain… only to find out I technically didnt pay for three months 😬

Fraud is my guess. Some services are able to auto update it though, I think PayPal does.

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Stripe addresses this to some degree. Wonder what stops Visa / Mastercard from doing so. 

https://stripe.com/docs/api/cards/update

All the networks do offer a service to merchants they can use to automatically update reissued cards; I guess not all merchants subscribe to it. https://paymentcloudinc.com/blog/account-updater/

They have, look up “issuer tokens”. PANs expire due to accumulated fraud risk, tokens can be set to only expire on request.

I figured it was to eventually force recurring payments, etc to get your new approval.  But not super confident in that.