Visa debit card consumer protections
August 23, 2011 8:10 AM Subscribe
Who pays the fees on a Visa debit card (when used as a Visa); and when used as a Visa, do standard credit card consumer protection laws apply, or the much weaker debit card protections?
posted by pla to Work & Money (8 answers total) 2 users marked this as a favorite
I have a bank account that I can only (easily) access via a Visa-branded debit card. I know it works as a "regular" Visa in addition to its debit and ATM functionality, but don't fully understand the fee and consumer protection implications (nor do the terms of service make that at all clear).
Normally, I would prefer to use it in credit-card-mode for a variety of reasons (no PIN, better legal protections, buyer-favoring dispute handling, better international support, etc). Those perks normally come at a price, though - Credit cards have much higher fees associate with the transaction.
So really, my question(s) boil down to one core point - Does a Visa debit card, used as a Visa, count as a "real" Visa credit card for all intents and purposes, or does it occupy some nebulous "watch your butt" hybrid territory?