Most of our posts are written with the business owner in mind. This post however is geared towards card holders. We believe it’s still educational for business owners.
Debit cards are different.
And fraud is on the rise.
As told by BankRate.com:
Would you give a thief direct access to your checking account?No? Unfortunately, you may be doing just that by regularly using your debit card. Debit cards may look identical to credit cards, but there's one key difference. With credit cards, users who spot fraudulent charges on their bill can simply decline the charges and not pay the bill. On the other hand, debit cards draw money directly from your checking account, rather than from an intermediary such as a credit card company.