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Man, I remember when the common wisdom was that there would NEVER be enough people willing to put their credit card into a web browser to support a business. I
by rfrey 5mo ago
Man, I remember when the common wisdom was that there would NEVER be enough people willing to put their credit card into a web browser to support a business.
I never expected to be nostalgic for those days.
- xandrius 5mo agoTo be fair most frequently people online use debit cards which can be frozen if something goes wrong.
- lazide 5mo agoUh, debit cards are the worse as they (technically) don’t allow you to dispute charges like in a credit card. Money comes right out of your account first, and then you have to try to get it back. Don’t use debit cards online.
- lxgr 5mo ago> debit cards are the worse as they (technically) don’t allow you to dispute charges like in a credit card. That's a commonly propagated falsehood. Both legally (Regulation E) and practically (all large card networks require issuers to extend a zero-liability policy to debit cards), consumer protections are very similar. The big difference is that, as you say, with a debit card you're potentially out the money for a few days, which can be unpleasant if it makes the direct debit or check for your rent bounce.
- lazide 5mo agoI once had an issue where they drained the account (transactions weren’t blocked by the bank until the account didn’t have sufficient funds), and it took the bank a full month to investigate and refund. It’s not a trivial difference.
- lxgr 5mo agoThat's unfortunate, and almost certainly a Regulation E violation on their side. They're supposed to provide a provisional credit within 10 business days.
- lazide 5mo agoIt was Wells Fargo, and many years ago. It could have been them violating it, or it might not have been a law yet. It was very irritating!
- lxgr 5mo agoWhat good is freezing a card (regardless of debit or credit) after something has already gone wrong?