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But I thought debit card = bank transfer? There is no protection?
by jiggunjer 6y ago
But I thought debit card = bank transfer? There is no protection?
- jpkoning 6y agoYes, a debit card is a bank transfer. In the US, most PIN debit card transfers occur via either MasterCard's Maestro or Visa's Interlink debit networks. Signature debit payments go through MasterCard/Visa's credit card networks. So you've still got the duopoly problem.
- daveoc64 6y agoYou can still do a chargeback with a debit card in the UK. If you have a basic consumer dispute about something (such as a retailer not giving a repair/refund for a faulty item), you should be able to file a chargeback with the card issuer and get a refund. In the UK, a credit card is much better though, as for any purchase over £100, the card issuer is joinly liable with the retailer for any issues. https://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act https://www.which.co.uk/consumer-rights/regulation/section-7...