Re:What Working At Stripe Has Been Like
by emodendroket on Friday October 09, 2020 @05:47AM
(#24728324)
You can do that here but in the not-very-rare event of fraudulent use you have less protection and there's zero benefit beyond compensating for not being able to control your own spending. So I can't really see any reason why I'd use it.
Fraud is still possible with debit cards.
Chargebacks are also still possible. Disputing them is expensive.
Fraud is substantially harder because you always need to authenticate payments (above a tiny amount) with a PIN, even when buying online. It's been 2-factor authenticated for 2 decades now.
That you only have to pay after 30 days, chargebacks, etc.. they are all in your favor.
How do you buy online then? Prepayment? Good luck with that :-)
In most of Europe, people pay with debit cards and the money goes straight off their bank accounts. If there's insufficient funds, there's no purchase. If the network fails, there's no purchase. If your bank goes bust 5ms before your purchase would clear, there's no purchase. I'm no banker and I'm sure there's some risk somewhere, but it's really not very much.