3 ms·

Debit cards have same chargeback options as credit cards.

• Amezarak 2y ago
  Do they? With a credit card, the impact of a fraudulent charge is I click "dispute charge", and my credit limit is effectively lowered by the amount of the fraudulent charge. If the dispute is resolved in my favor, great. If not, I eventually have to pay it off. It's my understanding that with a debit card, even if you dispute the charge, the money is still gone until the dispute is resolved. Is that not true? If so, that's quite a big difference. I suppose it's the "same", but there's a big practical difference between "my money is gone" and "my credit limit is reduced."
• daft_pink 2y ago
  Actually, there is a law in the United States that says the lender is responsible and the loan is essentially invalid if the underlying purchase is based on fraud. Any protection you receive from a debit card transaction is essentially at the mercy of whatever the bank chooses to do and some banks claim you are protected and most don't, but it doesn't have the force of federal law the way it does with a credit card.