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When paying with cash you are also only exposed to the risk of loosing what you have on hand. A debit card is a bit more akin to handing over the key to the vau

When paying with cash you are also only exposed to the risk of loosing what you have on hand. A debit card is a bit more akin to handing over the key to the vault with a contractual agreement as to how much can be taken.

yxhuvud 9y ago
If you think that is a problem with debit cards you should go get a better bank.
- swimfar 9y ago
  Are there banks that provide credit card-like protections for debit cards? I thought you couldn't reverse debit card transactions. There are usually daily limits, though, which would limit how much you could lose.
- gehwartzen 9y ago
  I haven't had this problem with my bank just pointing out the inherent differences. With a debit card you are relying on the cyber security and data retention policy of the store, the bank, and the electronic network provider. Now I realize that if your account is used without authorization most banks refund the money. This can take a certain amount of time and could lock up your remaining funds in the meantime.
  - yxhuvud 9y ago
    Less than a month ago my card details (the magnetic stripe) got swiped. However my bank noticed the funky payments, automatically detected the issues, temporarily froze the card. Then when I noticed it didn't work and called them they temporarily locked up the card for a single use, and then blocked it permanently and sent out a new card. I noticed it on Thursday, I had the new card and all unwanted transactions rolled back on Monday. This for a debit/Visa hybrid card, which acts as Visa out of country and on the Internet. Also, the bank requires me to temporarily unlock the card for 'unsafe' Internet purchases before usage, which basically is all purchases that don't involve 2FA.
- herbst 9y ago
  If you think this. Or the dozen times credit card data have been stolen in mass from websites aren't a serious issue you should read more news. I know I can charge back. But then I need to waste time to check all the charges and go through the charge back process. Also depit cards. At least in Europe. AFAIK don't offer a easy charge back at all
  - bluGill 9y ago
    The laws on liability are very different in Europe and the US. In the US a stolen card is the bank's problem. In Europe it is the consumer's problem. This difference in laws is critical to this discussion, both sides are saying "you are wrong" when in fact both sides are right in their respective country and wrong in the other.
    - herbst 9y ago
      It's not in Europe. It's just a hustle when it happens

yxhuvud 9y ago

If you think that is a problem with debit cards you should go get a better bank.

swimfar 9y ago
Are there banks that provide credit card-like protections for debit cards? I thought you couldn't reverse debit card transactions. There are usually daily limits, though, which would limit how much you could lose.
gehwartzen 9y ago
I haven't had this problem with my bank just pointing out the inherent differences. With a debit card you are relying on the cyber security and data retention policy of the store, the bank, and the electronic network provider. Now I realize that if your account is used without authorization most banks refund the money. This can take a certain amount of time and could lock up your remaining funds in the meantime.
- yxhuvud 9y ago
  Less than a month ago my card details (the magnetic stripe) got swiped. However my bank noticed the funky payments, automatically detected the issues, temporarily froze the card. Then when I noticed it didn't work and called them they temporarily locked up the card for a single use, and then blocked it permanently and sent out a new card. I noticed it on Thursday, I had the new card and all unwanted transactions rolled back on Monday. This for a debit/Visa hybrid card, which acts as Visa out of country and on the Internet. Also, the bank requires me to temporarily unlock the card for 'unsafe' Internet purchases before usage, which basically is all purchases that don't involve 2FA.
herbst 9y ago
If you think this. Or the dozen times credit card data have been stolen in mass from websites aren't a serious issue you should read more news. I know I can charge back. But then I need to waste time to check all the charges and go through the charge back process. Also depit cards. At least in Europe. AFAIK don't offer a easy charge back at all
- bluGill 9y ago
  The laws on liability are very different in Europe and the US. In the US a stolen card is the bank's problem. In Europe it is the consumer's problem. This difference in laws is critical to this discussion, both sides are saying "you are wrong" when in fact both sides are right in their respective country and wrong in the other.
  - herbst 9y ago
    It's not in Europe. It's just a hustle when it happens