We've all been there - you're eagerly awaiting that online order to arrive, but then bam! You get hit with some shady charge from the vendor after the fact. What is this $50 "handling fee" you didn't agree to?
Dealing with fraudulent or crappy online retailers is the worst. But there's a stupid easy way to save yourself a massive headache if that situation arises: always use a credit card instead of debit for online purchases.
Why Debit Cards Leave You Burned
See, when you buy stuff online with a debit card, that money is coming straight out of your personal bank account. So if something sketchy goes down with the vendor, getting your money back becomes a huge pain.
It basically turns into a "your word against theirs" situation with your bank. You have to go through hoops proving the charge was bogus, and maybe they'll provisionally credit you while they investigate. But your cash flow just took a huge hit either way until it gets sorted out (if it ever does).
Credit Cards Fight Fraud For You
On the other hand, credit card companies make fighting fraud their business and have way more leverage than you as an individual.
With major credit card providers, if you report a fraudulent or sketchy charge from some crappy online vendor, they'll remove that amount from your account almost instantly with very few questions asked. You don't have to wait or get into long drawn-out fights.
From personal experience, I've had the most insanely smooth experience disputing charges with credit card companies compared to banks when dealing with my debit card. They take it seriously and have your back right away.
Always Secure Your Online Purchases
So do yourself a solid favor and use a credit card for any type of online purchase, whether it's morning Amazon deliveries or paying bills. The extra fraud protection is 100% worth it.
Keep that debit card tucked away for cash withdrawals and brick-and-mortar purchases where you hand over the physical card. Anything happening in the online ether puts you more at risk of shady business and deserves the bulletproof coverage credit cards provide.
It's such a simple trick for giving yourself that layer of security. Your life is hectic enough without dealing with merchant disputes and trying to get your own money back from fraudulent charges. Stay safe out there and stick to credit cards for seamless e-commerce!
Want to ensure your business is taking all the right precautions against online fraud? Schedule a no-obligation consultation with KRS to review your e-commerce security measures and payment processes. Click here to book a time or call us at 973-657-2391.