debit cards and credit cards
- Thread starter tbolt25
- Start date
Help Support :
SactoTeddyBear
Well-known member
- Joined
- Nov 25, 2004
- Messages
- 1,302
Re: Debit Payment:
I'm thinking that the Shopping Networks can't take a Payment as a Debit, because you need to use your "PIN" Number and that certainly shouldn't be given to anyone. You can be given a "PIN" Number, although with very few exceptions, like if you help someone Disabled with Shopping and they allow you to have their "PIN" Number.
Peace and Shopping Fun, Steve
SactoTeddyBear...
I'm thinking that the Shopping Networks can't take a Payment as a Debit, because you need to use your "PIN" Number and that certainly shouldn't be given to anyone. You can be given a "PIN" Number, although with very few exceptions, like if you help someone Disabled with Shopping and they allow you to have their "PIN" Number.
Peace and Shopping Fun, Steve
SactoTeddyBear...
No, you can use "debit" cards with the Visa or Mastercard logo as both "credit' and debit. That is swiped for payment or enter in one's pin number for the transaction. Either way the funds are deducted from one's checking account. Most people only use "debit" when they want cash back from a purchase.
Visa and Mastercard "debit/credit" cards are welcome anywhere taht takes either's credit cards. Most people are leary of using such cards for transactions with unfamiliar vendors as fraud can easily drain your checking account dry. Unlike credit cards, where one is only liable for the first $50 of bad charges (none at all if reported within a certain amount of time); debit card fraud must be reported to your bank branch. Forms are filled out, affidavits signed, investigations launched, and one may or may not get all the money back. For instance if the bank determines you "gave" someone your pin number, something they specifically tell you not to do, then they will not put the money back. You'll have to take it up with LE.
L.
Visa and Mastercard "debit/credit" cards are welcome anywhere taht takes either's credit cards. Most people are leary of using such cards for transactions with unfamiliar vendors as fraud can easily drain your checking account dry. Unlike credit cards, where one is only liable for the first $50 of bad charges (none at all if reported within a certain amount of time); debit card fraud must be reported to your bank branch. Forms are filled out, affidavits signed, investigations launched, and one may or may not get all the money back. For instance if the bank determines you "gave" someone your pin number, something they specifically tell you not to do, then they will not put the money back. You'll have to take it up with LE.
L.
Launderess is spot on as usual.
I have a debit/credit/ATM card from my credit union. It processes through the Visa network. In fact, my credit union prefers that I use it as a Visa card whenever possible. It costs them less in processing fees, and I can use it fee free at any credit union ATM, at least in Ohio.
However, I never use it for any internet or phone transactions for the reasons stated by L. I have a separate card for that purpose.
Bill
I have a debit/credit/ATM card from my credit union. It processes through the Visa network. In fact, my credit union prefers that I use it as a Visa card whenever possible. It costs them less in processing fees, and I can use it fee free at any credit union ATM, at least in Ohio.
However, I never use it for any internet or phone transactions for the reasons stated by L. I have a separate card for that purpose.
Bill
I use my debit card often for groceries, gas, etc. Never tried it online. I've noticed at a particular gasoline location, if I scan the card first at the pump there is no prompt for a PIN. If I select on the buttons first that I want to pay by debit card, then it does prompt for PIN.
There apparently are different processing rules and procedures for debit vs credit. The online payment merchant we use at work for customers to make acccount payments does not accept "pure" debit cards, but I think it does take a combo-card in credit mode.
For online purchases I use a card that has a "virtual" account number feature. Log-in to the card acct online and generate a one-time-use acct number and expiration date that maps to the real acct inside the bank's processing mechanism. If a virtual number gets horked the perps can't do anything with it because it has already been used and expired-out. That happened once. The perps tried to pass the number on several transactions (in Europe!) and it kept failing.
There apparently are different processing rules and procedures for debit vs credit. The online payment merchant we use at work for customers to make acccount payments does not accept "pure" debit cards, but I think it does take a combo-card in credit mode.
For online purchases I use a card that has a "virtual" account number feature. Log-in to the card acct online and generate a one-time-use acct number and expiration date that maps to the real acct inside the bank's processing mechanism. If a virtual number gets horked the perps can't do anything with it because it has already been used and expired-out. That happened once. The perps tried to pass the number on several transactions (in Europe!) and it kept failing.
In NYC, rental car companies will not accept debit cards for a car rental "hold", though one can pay final charges that way. A few years ago, one could use debit cards as credit cards for car rentals, something to do with how they were processed/coded, but that was changed and now the system will not accept debit cards, even in credit card mode.
There are so many horrible stories of people's bank accounts being cleared out by debit card fraud. Every thing from email fraud, where one is directed by a supposed email from one's bank to click on a link and enter your pin/password because of a "problem", to scanners placed at ATM machines to read pin numbers and collect debit card data.
The other thing one must watch out for is anytime one's card is taken out of sight to complete a transaction. Things such as at a restaurant, or store where the clerk has to "go to another register". Too many script kiddies out there with portable scanners. If you use your debit card and they get your PIN, you could be cleaned out before arriving home.
L.
There are so many horrible stories of people's bank accounts being cleared out by debit card fraud. Every thing from email fraud, where one is directed by a supposed email from one's bank to click on a link and enter your pin/password because of a "problem", to scanners placed at ATM machines to read pin numbers and collect debit card data.
The other thing one must watch out for is anytime one's card is taken out of sight to complete a transaction. Things such as at a restaurant, or store where the clerk has to "go to another register". Too many script kiddies out there with portable scanners. If you use your debit card and they get your PIN, you could be cleaned out before arriving home.
L.
perc-o-prince
Well-known member
go credit
I've found that when you go credit instead of debit on a card where you have a choice, you gain a few points:
-The transaction is covered by Visa or Mastercard International rules and regs... a plus when there's a problem.
-Some banks charge a small fee when the card is used as a debit card
-you don't give out your pin, which may or may not be the same as your pin or password on other accounts like credit cards, shopping sites, eBay...
Just my two cents!!!
Chuck
I've found that when you go credit instead of debit on a card where you have a choice, you gain a few points:
-The transaction is covered by Visa or Mastercard International rules and regs... a plus when there's a problem.
-Some banks charge a small fee when the card is used as a debit card
-you don't give out your pin, which may or may not be the same as your pin or password on other accounts like credit cards, shopping sites, eBay...
Just my two cents!!!
Chuck
I haven't written a paper check
in a very long time!
It even irritates me slightly when I am at the supermarket and I am behind someone in line who is writing a check. But only if they don't have the date, store's name, and their signature already filled out.
I may be very lucky, or blessed, but I have had no trouble with using my debit Visa on the phone to the gas company, electric company.....or on line to Amazon, and others.
Lawrence/Maytagbear
in a very long time!
It even irritates me slightly when I am at the supermarket and I am behind someone in line who is writing a check. But only if they don't have the date, store's name, and their signature already filled out.
I may be very lucky, or blessed, but I have had no trouble with using my debit Visa on the phone to the gas company, electric company.....or on line to Amazon, and others.
Lawrence/Maytagbear
Similar threads
