Stripe’s latest update means you don’t have to worry about updating your credit card information every time you get a replacement card.
Called “smart saved cards,” the new code automatically updates credit card information, as long as the linked account information stays the same.
Now when merchants save a customer’s payment information, Stripe will still be able to put through transactions continuously even when card information changes. Stripe is working with card networks in order to achieve seamless updates. According to the company’s website:
“There’s no extra work required, and this feature works with most MasterCard, Discover, and Visa cards — without this improvement, over half of the cards stored with Stripe in the last year would expire by 2016.”
The only time this update won’t work is if bank account information changes. Let’s say you close a checking account and open a new one; Stripe will not be able to update your payment information automatically. But for simple card replacements, Stripe’s new service should make losing your credit card less annoying than it usually is — at least when shopping with Stripe’s merchants.
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