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Because when you move money from a checking account, it's gone. You might say "ok well just hold the money for a bit" or similar, and congratulations, you've ju
by qeternity 4y ago
Because when you move money from a checking account, it's gone. You might say "ok well just hold the money for a bit" or similar, and congratulations, you've just invented credit.
- chrismarlow9 4y agoThat doesn't answer the question though.
- qeternity 4y agoIt absolutely does. I presume you're talking about transaction security, since debit cards have long existed for convenience, and again: once you send money from a checking account, it's gone. If I have a dispute on a transaction, it's far more difficult to reverse. The very nature of credit makes dispute resolution much easier.
- orwin 4y agoNot the person you're responding to, but this response is clearer than the previous one.