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>With debit card (...), you don't have dispute protections. In Europe you do. There's no reason this can't be the case in the US too.
by poincaredisk 2y ago
>With debit card (...), you don't have dispute protections.
In Europe you do. There's no reason this can't be the case in the US too.
- kelnos 2y agoWe do in the US, too. GP is misinformed. What is correct, though, is that while you wait for a credit card dispute process to be resolved, you have not spent any money, and still have that money in your bank account. But if you want to dispute a debit card charge, that money is gone until the dispute is (hopefully) resolved in your favor. The only way to regulate that problem away is to require debit-card-issuing banks to preemptively return the money to an account immediately after the account holder disputes a charge, which... I dunno, maybe that's not a terrible idea. Or maybe it is.
- ywvcbk 2y ago> In Europe you do Sort of.. generally in Europe chargebacks are still pretty rare in general and convincing your bank to make one is non-trivial and takes a lot of time
- nolok 2y ago... What? In France I can vouch that both personally and professionally, a charge back at caisse d'épargne, banque populaire, société générale or crédit agricole will take you less than 5 minutes on the phone. I would be interested to know which country and bank gave you a hard time to do charge back
- addandsubtract 2y agoI've had to file 2 chargebacks so far with N26. First one took two weeks, and was possibly resolved by the merchant refunding me after getting pressured. And the second one I filed a month ago and hasn't even been confirmed to be investigated into.