LogFAQs > #943563704

LinkPizza posted...

Yeah. But eBay is online instead of a physical store. Though, how they got enough info to use it is weird. As for the stores, they could hack they with credit cards, too. And I dont know about your banks, but my banks offers credit AND debit protection. At least for confirmed fraud. Though, that brings up another question. I know some debit cards get used like credit cards. But couldnt the same credit card protections be used on a debit card if its used like a credit card?

Yes, most debit cards through one of the major card networks (Visa, MasterCard, etc) get the same level of protection as a credit card when you use it like a credit card (i.e., with a signature or online). But the difference is, with credit card fraud you haven't actually lost anything yet, and when you report it, any resulting charges are suspended and you don't have to pay them. But if someone uses your debit card illegally, that money comes right out of your bank account, which can result in bounced checks or having legitimate payments declined, plus you generally don't get your money back immediately when you do report it, depending on the bank it may take days or weeks and you're on the hook for any overdraft charges or bounced check fees. And you might not get all your money back, in the US you may be liable for up to $50 in charges if you report it within 48 hours, $500 if it's over 48 hours.

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