Comments on: Scared of Scams? Buy with Credit Cards. http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/ A survival guide for the plastic jungle. Mon, 20 Dec 2010 03:56:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: joe http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1469 joe Sat, 30 Aug 2008 16:57:16 +0000 http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1469 good to know good to know

]]> By: Quote Catcher Credit Card Processing http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1332 Quote Catcher Credit Card Processing Wed, 06 Aug 2008 18:37:42 +0000 http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1332 I am a firm believer that if something is too good to be true, it probably is. I am also very weary of properties that ask for full payment up front, unless it is from a reputable company that I have researched. There are many avenues to check the legitimacy of a site prior to payment like the Better Business Buruea. We a consumers need to take back control and do our due diligence before typing in our card numbers. I am a firm believer that if something is too good to be true, it probably is. I am also very weary of properties that ask for full payment up front, unless it is from a reputable company that I have researched. There are many avenues to check the legitimacy of a site prior to payment like the Better Business Buruea. We a consumers need to take back control and do our due diligence before typing in our card numbers.

]]> By: Greg Patrick http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1326 Greg Patrick Mon, 04 Aug 2008 11:39:41 +0000 http://blog.creditorweb.com/index.php/2008/08/03/scared-of-scams-buy-with-credit-cards/#comment-1326 In the U.S. debit cards do have protection. They are protected by regulation E, Efta and Mastercard and/or Visa zero liability policy. A scam is covered. Some experts say you can lose all your money in your account. You could do that with a credit card. You just have to report the debit card lost or stolen faster. For debit card with 2 business days the loss is $50.00 2 to 60 business days the loss is $500.00 60 or more business days all the money plus any overdraft. Both MasterCard and Visa has extended there zero liability to their debit cards. If you need to claim this. You will need to request a special form from your bank. This does not apply to pin transactions. (However, I think visa interlink may be covered under this but you would have to prove it went through this network). This here would cover scams, and cloned cards. Regulation E requires banks to give provisional credit within 10 business day of a written dispute. They have 45 days (90 days international) to investigate it. Technically it is the 11th business day (even if the bank credits you on the 10th business day, you won't be able to use tell the 11th business day.) Another rule that is sometimes overlooked is this for unauthorized transfers involving only your debit card number (not the loss of the card), you are liable only for transfers that occur after 60 days following the mailing of your bank statement containing the unauthorized use and before you report the loss. This here would cover scams, and cloned cards also. In the U.S. debit cards do have protection. They are protected by regulation E, Efta and Mastercard and/or Visa zero liability policy. A scam is covered.

Some experts say you can lose all your money in your account. You could do that with a credit card. You just have to report the debit card lost or stolen faster.

For debit card with 2 business days the loss is $50.00
2 to 60 business days the loss is $500.00
60 or more business days all the money plus any overdraft.

Both MasterCard and Visa has extended there zero liability to their debit cards. If you need to claim this. You will need to request a special form from your bank. This does not apply to pin transactions. (However, I think visa interlink may be covered under this but you would have to prove it went through this network). This here would cover scams, and cloned cards.

Regulation E requires banks to give provisional credit within 10 business day of a written dispute. They have 45 days (90 days international) to investigate it. Technically it is the 11th business day (even if the bank credits you on the 10th business day, you won’t be able to use tell the 11th business day.)

Another rule that is sometimes overlooked is this

for unauthorized transfers involving only your debit card number (not the loss of the card), you are liable only for transfers that occur after 60 days following the mailing of your bank statement containing the unauthorized use and before you report the loss. This here would cover scams, and cloned cards also.

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