Swingman wrote:
"Lew Hodgett" wrote in message


Simple.


If you use a debit card is used, payment is instantenous.

If something goes wrong, you are on your own.


You're a bit behind times, Lew ... there are Federal laws now in effect
protecting the consumer for debit transactions.



Consumer Reports.org September, 2007 article states:

"Under federal law, your liability for fraudulent charges on a debit
card can be greater than it is for a credit card. With a credit card,
you're only responsible for up to $50 in unauthorized purchases. But
with a debit card, you can lose up to $500 if you don't report the theft
or loss of your card or PIN within two business days of discovering the
problem. And if you fail to report the unauthorized charges within 60
days of the date of the statement that lists them, you could be held
liable for any unauthorized withdrawals after that date. Those include
the full value of credit lines and funds in savings linked to your
checking account for overdraft protection."

http://www.consumerreports.org/cro/m...f-debit-ov.htm

--
Jack Novak
Buffalo, NY - USA