Forum Discussion
toedtoes
Oct 25, 2015Explorer III
Technically, I lost the interest on the money during the 2 weeks they were investigating.
But, seriously, your comment is a valid one. There are a lot of protections regarding your money. I recall that the $50 number that gets floated about is only if there is only if there is an actual signature used for the transaction. Online transactions do not require signatures, so the card holder is not liable for ANY amount - even the $50. This may have changed, but I can't do a search to verify right now.
I think those folks using that pre-paid credit card in the news are in far worse shape than most folks using debit cards or regular credit cards for online shopping.
But, seriously, your comment is a valid one. There are a lot of protections regarding your money. I recall that the $50 number that gets floated about is only if there is only if there is an actual signature used for the transaction. Online transactions do not require signatures, so the card holder is not liable for ANY amount - even the $50. This may have changed, but I can't do a search to verify right now.
I think those folks using that pre-paid credit card in the news are in far worse shape than most folks using debit cards or regular credit cards for online shopping.
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