Loans Helper >> Home Loans >> Debit card vs. Check card? huh?

Debit card vs. Check card? huh?

Debit card vs. Check card? huh?

Question: Another advantage for the merchant which is a disadvantage for the consumer > >> >> >>is that a debit card transaction in which a pin number is used is not prone > >> >> >>to charge backs. When you enter the pin number, it’s just as though you went > >> >> >>to an ATM machine and handed the merchant cold hard cash.

> >> >> >Other than for use at ATMs, I’ve never understood the appeal of debit > >> >> >cards. Why do so many people use them instead of credit cards? Is it > >> >> >simply a lack of self-control, fear of running up too much credit?

> >> >> It’s simpler and safer than carryng cash.

> >> >The only yard sales that accept credit or debit cards charge way too much.

> >> I wouldn’t know – I don’t do yard sales.

> > And yet you call yourself a frugalista! Did I tell you about my $5 > >computer?

> I can beat that – I forgot to lock my car door the other day, and the > guys from the home loan place across the courtyard loaded me up with > three computers and seven keyboards, since my car was closer than the > dumpster.

Answer: I think I’d want to see some proof that that actually happened. A news story, maybe…

Still, it COULD be true. We’re not supposed to throw away stuff like that any more and, except for the annual electronic/hazmat trash collection extravaganza, you have to pay money to somebody to recycle it.

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