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Would anyone know why my new credit card has a bigger chip?

Beef Boss

I just got a replacement, but it seems to have a lack of an actual chip, or the new systems are much more complicated. Attached is a picture of it, quite some bigger than normal and it's much lower than a typical chip is set into the surface of the material

 

20210308_151019.jpg

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While the chip can technical be any size the contact pads would need to be in exactly the same place for that to be used a terminal.

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