News OnePlus ceases credit card payments amid fraud reports

IDK how good or accurate this is but an external audit of OnePlus seems to show they're either not being entirely truthful or they don't know how their own payment processing system works.

 

Wouldn't surprise me if it were either one to be honest. OnePlus have misled their customers in the past about various things, such as being a subsidiary of Oppo, as well as how long they would support devices for with updates.

As for not knowing how things work, well they used/sold a USB cable at one point that didn't even conform to the USB standards. They also figured it would be a good idea to encourage some users to destroy their phones in an effort to get the OnePlus One for $1 US.

So yeah. Whether its incompetence or them misleading people, they clearly they don't have the brightest sparks working for them. Bit surprised they haven't gone under or faced investigations by some regulations authority of some sort.

 

Looks like what the Fidus InfoSecurity blog originally speculated is what actually happened, OnePlus have updated the original announcement linked to in the article and said...

and