Re: [Sheflug] Re: bounce

["Stephen J. Turnbull" <nospam [at] sk.tsukuba.ac.jp>]

>>>>> "Will" == Will Newton <will [at] misconception.org.uk> writes:

    Will> Hmm, I think you are confusing debit and credit
    Will> cards. Credit cards give you a lot of protection.

The consumer, yes.  The point is the other side of the cash register.
_Vendors_ like credit cards because the banks pay for a lot of the
disputes.  In debit cases the banks' margins are much thinner, so
they're a lot nastier about getting their money back from the
vendors.  In the US, anyway.

    >> In the U.S., though, most banks now offer DD via the VISA/MC
    >> payment system.  Best of both worlds.

    Will> Don't see the distinction (other than higher interest
    Will> rates). DDs are pretty powerful if you know what you are
    Will> entitled to. e.g. you can retrospectively revoke a DD
    Will> payment for up to a year later. Good banks will make you
    Will> aware of these things.

The little VISA logo opens a lot of doors, as Richard pointed out.

You _pay_ by DD, with all the advantages that gives you; the vendor
_sees_ VISA, with all the privileges that gives you.  Best of both
worlds.


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