Nick Perry explains how pickpocket teams steal wallets and drain cards using tap-to-pay, making small charges under the PIN threshold. He lost $5,700 in one night. Wrap a rubber band around your wallet to feel theft, and disable tap-to-pay on your cards.
Never ever carry your wallet again before you know this, or else you will lose anywhere from $5,000 to $100,000. Here's why. There's a scam going on where pickpocketers steal your money from your debit and credit cards using a special machine. They usually move in groups of 3. 2 people distract you while the last discreetly takes your wallet. Now, once they have your wallet, they charge all your cards multiple times. Using the tap-to-pay feature. They charge them as much as they possibly can while staying under the amount that would require a password, and they do this until the card gets blocked. So next time you're out, take a rubber band and wrap it around your wallet. That way, if somebody tries to take it, you will feel it moving. But if you want to take it a step further, then turn off the tapping feature on all your cards. Send this to someone who travels.
