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I don't like paying with Credit Card. If a merchant or vendor abuses or looses the data, people can pull money from it. Debit is much safer since it requires m
by tscs37 8y ago
I don't like paying with Credit Card. If a merchant or vendor abuses or looses the data, people can pull money from it.
Debit is much safer since it requires me to explicitly authorize the vendor and abuse is heavily punished. I can also just tell my bank to stop allowing specific SEPA Debits so I can lock out vendors that misbehave.
- marcinzm 8y agoInteresting, in the US credit cards have much stronger protections and essentially any fraud is fairly trivial to get a charge back for in my experience (merchant eats the cost) without any impact on you. With debit cards fraud will drain your bank account instantly so there's less incentive for anyone to fix it (it's not their money in limbo). I also believe, but may be wrong, that up to fairly recently there were also stronger legal protections on credit card fraud versus debit card fraud.
- tscs37 8y agoWell, debit cards have strong protections here too. If someone uses a debit card or SEPA debit on my bank account (german), I have 6 weeks to report that to my bank and I'm out. The bank then has a week to get the money back of they're responsible, etc. Here it is definitely their money and they want it back.
- dawhizkid 8y agoI don't get this logic. You have zero liability for unauthorized charges on your credit card. Also, by definition, when you use a credit card your bank lending you money to buy something...this isn't "your money" at all. I feel much safer using a CC since I know these aren't my funds vs a debit card where it is my money.
- tscs37 8y agoI also have zero liability for any unauthorized charges on my bank account via SEPA Debit. By definition it's the bank's money the moment I dispute it and vendors are required to put up a legal contact with full responsibility when they sign up. I feel safer because I don't need a credit, I pay "cash".