Re:Can the Visa-Mastercard duopoly be broken?
by jjav on Thursday August 18, 2022 @01:19AM
(#32505597)
> My bank's (Chase) policy limits debit card customer fraud losses to the same $50 that the law requires of credit cards.
Yes, many banks do. But be aware that when using a debit card, it's just the bank policy of being nice that protects you. They have the right to change that policy on a whim.
When using a credit card, that protection is built into the regulations so you can count on it.
Always use a credit card, never a debit card, is the safest approach.
Yes, many banks do. But be aware that when using a debit card, it's just the bank policy of being nice that protects you. They have the right to change that policy on a whim.
When using a credit card, that protection is built into the regulations so you can count on it.
Always use a credit card, never a debit card, is the safest approach.