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I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit ca
by leesalminen 7y ago
I’d always been taught that if I run a debit as credit, and the transaction occurs over the Visa/MC network, then it has all the same protections as a credit card when it comes to fraud/chargebacks.
Are you saying that is incorrect? That would be pretty concerning.
- BubRoss 7y agoThat's not what he is saying.
- op00to 7y agoWith debit you’re bprotected as a credit card. The main difference is when there’s a dispute, it’s your money that’s on hold instead of the banks, potentially for months.
- brewdad 7y agoWhen the number on the card itself is compromised, regardless of whether your transaction was credit or debit, future transactions by the thief will put your money at risk (possibly for months) rather than the bank's money. Debit cards should be reserved for ATM use only. Not a perfect solution but unless you are going to swear off of ATMs as well, the best one can do in the US.