Do payments by debit card cover your outlay for refunds if suppliers default?

Question

I know that payment by credit card covers your money if the supplier defaults. But does the same apply to a Visa debit card?

Answer 1

no

Answer 2

No. That is why credit cards are so popular and debt so prevalent. It is the 1974 Consumer Act that is designed to encourage the unwary into debt using someone else`s money. With a debit card you are using your own  money and are more discerning. The politicians got into bed with the moneylenders with the result we have today - the credit crunch, people having spent money they haven`t got.

Answer 3

This is an interesting question J.B.

I think legally, the banks give less protection on debit cards, but historically have paid out nonetheless for the sake of maintaining good public relations.

http://www.fool.co.uk/news/your-money/cr...

Answer 4

No.  Use a credit card for added security.