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Same here in my country. It feels so weird that the service provider has the ability to just charge a card in the US if you enter the three things printed on the card. That would cause a lot of frauds if it happened here. Fortunately, the central bank has strict regulations here and we need to authorize a payment by using a password or an OTP.

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Rather than having strict regulations to require password or OTP, the US has strict regulations that require banks to reimburse consumers for any credit card fraud.

I’ve had it happen a couple of times. It’s a minor inconvenience to switch over any subscriptions to a new card, but it has never cost me a penny.

It causes a lot of fraud in the US, too!

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