Debit cards- did you know that.....?

andygeorge · **Posted:** Fri May 25, 2012 9:03 pm

Not sure how many people know about this, but I'll tell you how I managed to get back £350 through my bank for a non delivery of an item I bought online. It may help some of you in the future if you fall into the same situation.

We all know that when buying something with a credit card and it goes tits up, we can claim through our credit card. This is not the case when buying with a debit card, different rules apply. I bought a weighing scale for my business using my Visa debit card back in February and basically got given the runaround by the company, which, I found out later was basically scamming people...taking the cash and not delivering the goods. Bastards!.

Anyway, it seems that some banks, not all, run a scheme called Chargeback for debit cards, which is similar to the scheme that governs credit cards. So I rang my bank, told them of the situation and hey presto, a week later my account was credited with £350 and my bank is dealing with their bank to recover the money!

Worth knowing folks....

Andy

Brassneck · **Posted:** Fri May 25, 2012 9:12 pm

u owe me 3 mins

zebrapolish · **Posted:** Fri May 25, 2012 9:14 pm

Credit cards in the UK are covered by Section 75 of the Consumer Credit Act and a joint liability is created when the purchase is made so the Bank is liable with the supplier.

Chargeback is part of the card schemes internal rules and doesn't work every time and has some limitations, but it can be very useful.

Here's a good explaination http://www.moneysavingexpert.com/shopping/visa-mastercard-chargeback

Tourist in Wonderland · **Posted:** Fri May 25, 2012 9:17 pm

I didn't know that Andy...I thought it just applied to credit cards, so certainly worth knowing..

andygeorge · **Posted:** Fri May 25, 2012 9:24 pm

zebrapolish wrote:

Credit cards in the UK are covered by Section 75 of the Consumer Credit Act and a joint liability is created when the purchase is made so the Bank is liable with the supplier.

Chargeback is part of the card schemes internal rules and doesn't work every time and has some limitations, but it can be very useful.

Here's a good explaination http://www.moneysavingexpert.com/shopping/visa-mastercard-chargeback

Yep, that's the web site I stumbled upon when I was searching for info about claiming on my debit card...didn't know about Chargeback until I read that.

play my theremin · **Posted:** Fri May 25, 2012 9:26 pm

That's very handy to know because I only use debit cards. Thanks.

sean mac · **Joined:** Tue Jun 16, 2009 11:15 am **Posts:** 1279

andygeorge wrote:

I bought a weighing scale for my business using my Visa debit card back in February [/b]

Most people I know who use weighing scales for business would have threatened the company with an AK47 :mrgreen:

andygeorge · **Posted:** Fri May 25, 2012 10:03 pm

sean mac wrote:

andygeorge wrote:

I bought a weighing scale for my business using my Visa debit card back in February [/b]

Most people I know who use weighing scales for business would have threatened the company with an AK47 :mrgreen:

Ak47 did you say Sean? No mate, don't need one of those...you should see the size of me chopper!

donger · **Joined:** Sat Feb 13, 2010 6:00 pm **Posts:** 1059

I can get you an AK47 but I'll only accept PayPal. :lol:

Oracle · **Posted:** Sat May 26, 2012 12:01 pm

Cheers Andy, only got a Debit card, worth knowing. Bastard bankers, can't believe none have been jailed. We've just let them off Scot free and they caused the shit we are now in. Ramifications the world over, and society has fallen like dominoes..............grrrr!!!!! :evil:

www.billnelson.com

Debit cards- did you know that.....?

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