Complicated to answer, and honestly just aren’t realistically known.
I’d say it’s not risk free and that if you are later defrauded it probably weakens your chances of your bank having your back. But then there are lots of similar things that many people that would do the same.
But:
Yes.
They say it is, and it’s probably safer than reading your card details out to co op over the phone whilst they repeat it back to you from the store front where anyone could potentially here, and that employee could every bit as likely steal as someone at that company.
I think the process requires the card to be unfrozen, but you can freeze the card as it goes through the post. Use an RFID shielded envelope.
Where it gets tricky is whether your bank would consider it negligent. Arguably both examples I’ve given here with co op and this company could be considered that when evaluating a fraud claim.
One thing I’ve learned from following the world of fintech, is that if typos were any important indicator of trust, we’d never have trusted any of the neobanks that have cropped up over the years.
Heck, even Barclaycard once gave me a Barclaycard Platinium. Unless they’re outrageously bad, I don’t bear typos much thought anymore. We all make them. My reply to you here is riddled with them. And I treasured that Apple Pay artwork for as long as I had it.
