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Just had a call from the Fraud dept...


MarkR

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Top Tip: Don't ever use your debit card on the Internet. Only use c/cards, you can live without them, but not live with an empty bank account.

 

 

I've been a bit lucky then, as I don't have any credit cards. I may order one, just to do what you've mentioned. God forbid if someone clears out my bank account! :blink:

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Exactly what point were you making then?

 

it's not your money you're risking, much better for shopping online. :)

 

That one.

 

Maybe I should add that my idea of a credit card bill is the total amount owed on it, not the interest (since I pay mine off early enough to avoid that anyway).

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So this was just a rather pointless statement? :p

 

:conf: Eh? How? Maybe I'm being slow today, but I have NFI what your problem with my statement is.....

 

Edit: Maybe I should explain (again) that if I go out and use my CC to buy £100 worth of goods, I get a bill through my door for £100.

 

I call this my credit card bill. Hence, "As much as I don't like running up a credit card bill".

 

Make sense now?

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:conf: Eh? How? Maybe I'm being slow today, but I have NFI what your problem with my statement is.....

 

I think it's pretty obvious that "running up a credit card bill" would usually be interpreted as having a standing balance. If it's paid off every month then you are not "running up a bill" since you are effectively treating it like a debit card - it's just that the payments from your account are delayed.

 

But to be honest - I don't really care enough to argue with you anymore.

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Is there really no protection with a debit card. thats me boned then as i don't own a cc.

 

It's different protection. With a credit card, you are protected against the company you buy off not sending you the goods, or sending you rubbish. With a debit card you don't have that protection. However, you ARE protected against fraud - according to the banking code, the bank must prove that you are responsible for a transaction if you dispute it. If they have no signature from you and the PIN wasn't used they can't really do that. They may try anyway though. The difference is the banking code is a volutary thing the banks all sign up to whereas credit cards are covered by law.

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It's different protection. With a credit card, you are protected against the company you buy off not sending you the goods, or sending you rubbish. With a debit card you don't have that protection. However, you ARE protected against fraud - according to the banking code, the bank must prove that you are responsible for a transaction if you dispute it. If they have no signature from you and the PIN wasn't used they can't really do that. They may try anyway though. The difference is the banking code is a volutary thing the banks all sign up to whereas credit cards are covered by law.

 

I'm sure I saw something recently (on TV maybe?) where a number of people hadn't got their money back from their banks.

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I'm sure I saw something recently (on TV maybe?) where a number of people hadn't got their money back from their banks.

 

Yeah, that was on watchdog I think. It was where the fraudsters had used the PIN to get money out or buy stuff with chip and pin. The banks were saying that chip and pin is totally secure (which it blatantly isn't) and therefore they must have written their PIN down or something. The banks were basically saying that because the pin had been used that proved the transaction wasn't fraud. That's against the banking code though.

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It's different protection. With a credit card, you are protected against the company you buy off not sending you the goods, or sending you rubbish. With a debit card you don't have that protection. However, you ARE protected against fraud - according to the banking code, the bank must prove that you are responsible for a transaction if you dispute it. If they have no signature from you and the PIN wasn't used they can't really do that. They may try anyway though. The difference is the banking code is a volutary thing the banks all sign up to whereas credit cards are covered by law.

Biggest problem with this (and I know people who have suffered) is the time it takes to sort out...during which you have to hope your bank will lend you some money back to you so you can pay the bills!

 

Not worth the risk. Even if you get yourselves a c/card with just a couple of hundred quid on them it's the best move if you plan to buy online, or via the phone or any other mailorder method.

 

Online payment systems are hugely varied. I note Barclays are giving away pin keypads to online banking users now for added security. I would expect this to be used more widely soon similar to the Mastercard Verification system you can enable on your cards. Shops that support it require a PIN number entered into their software at checkout time.

Unfortunately not all online shops use this..yet.

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Online payment systems are hugely varied. I note Barclays are giving away pin keypads to online banking users now for added security.

 

Natwest do this too now. You only have to use it for certain transactions - but they are the important ones (moving money out of your account into somebody elses).

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