Re:Visa, Mastercard $30B swipe fee settlement rejected by US...
by lxgr on Wednesday June 26, 2024 @08:11AM
(#40799050)
That distinction (i.e. debit having less fraud and bad merchant behavior protections) is largely a myth: You get chargebacks and zero liability on effectively all debit cards these days.
Both credit and debit policies by almost all banks exceed the legal requirements a lot (e.g. no issuer that I know actually charges the deductible allowed by law).
Both credit and debit policies by almost all banks exceed the legal requirements a lot (e.g. no issuer that I know actually charges the deductible allowed by law).