Online purchase protection

[Reverend Conehead]

I remember seeing an ad or video about some kind of service where you can make what works as basically a pre-paid debit card online. That way if there's something you want to buy online for say, $76, you can put that money into the pre-paid card/account and use that to buy it. That way if they try to be crooked and overcharge you, they can't. That $76 is the only money available.

I can't remember the name of the service though. Has anyone heard of this? I guess I could just buy Walmart pre-paid Visas, but that's a bit cumbersome.

 

[John813]

I just use my mommys CC. Poor woman has so much CC debt now.








Nah haven't heard of that though. I've had no issue with Amex or Visa helping me with any issues with charges though.

 

[Runwildboys]

I remember seeing an ad or video about some kind of service where you can make what works as basically a pre-paid debit card online. That way if there's something you want to buy online for say, $76, you can put that money into the pre-paid card/account and use that to buy it. That way if they try to be crooked and overcharge you, they can't. That $76 is the only money available.

I can't remember the name of the service though. Has anyone heard of this? I guess I could just buy Walmart pre-paid Visas, but that's a bit cumbersome.

The problem with prepaid cards is that a lot of online places won't accept them.

 

[Reality]

I remember seeing an ad or video about some kind of service where you can make what works as basically a pre-paid debit card online. That way if there's something you want to buy online for say, $76, you can put that money into the pre-paid card/account and use that to buy it. That way if they try to be crooked and overcharge you, they can't. That $76 is the only money available.

I can't remember the name of the service though. Has anyone heard of this? I guess I could just buy Walmart pre-paid Visas, but that's a bit cumbersome.

Most credit cards have unauthorized charge protections as long as you notify the issuer as soon as possible.

If you are concerned about having to report a card stolen and losing access to your account while you await a replacement card, get a second card for the same account and only use that one online.

Another option would be to get a real credit card but request a low credit line and only use that card for online purchases, but pay the balance right after the purchase so you never carry debt on it through a billing cycle.

 

[Hoofbite]

Most credit cards have unauthorized charge protections as long as you notify the issuer as soon as possible.

If you are concerned about having to report a card stolen and losing access to your account while you await a replacement card, get a second card for the same account and only use that one online.

Another option would be to get a real credit card but request a low credit line and only use that card for online purchases, but pay the balance right after the purchase so you never carry debt on it through a billing cycle.

Correctamundo. I've never once had a problem with an unreturned charge and I've been hit a handful of times. One was at a gas station ATM and I know for a fact that it was because I was still in undergrad and hadn't really used my debit in weeks because I was too broke to buy anything. Another, some random site charged me like 3-4 times for a random piece of software. US Bank takes your claim, credits you the claimed amount, and if the claim is legit then that's the end of it. If part of your claim is found out to be bogus, you ultimately get billed for the portion of the amount that didn't check out.

If there's one thing CC companies do that I have appreciated it is that they seem to make things right. I would bank with any credit card that doesn't have fraud protection. Is that even legal?

 

[Cowpolk]

I remember seeing an ad or video about some kind of service where you can make what works as basically a pre-paid debit card online. That way if there's something you want to buy online for say, $76, you can put that money into the pre-paid card/account and use that to buy it. That way if they try to be crooked and overcharge you, they can't. That $76 is the only money available.

I can't remember the name of the service though. Has anyone heard of this? I guess I could just buy Walmart pre-paid Visas, but that's a bit cumbersome.

It may have been nerdwallet

 

[catiii]

I remember seeing an ad or video about some kind of service where you can make what works as basically a pre-paid debit card online. That way if there's something you want to buy online for say, $76, you can put that money into the pre-paid card/account and use that to buy it. That way if they try to be crooked and overcharge you, they can't. That $76 is the only money available.

I can't remember the name of the service though. Has anyone heard of this? I guess I could just buy Walmart pre-paid Visas, but that's a bit cumbersome.

I wouldn't buy food or water or anything else at Walmart if it was the Apocalypse and it was the only store left in the world. Choose another store mate.
As far as credit cards, there's no better fraud protection or US BASED customer service than DIscover.

 

[Whirlwin]

I wouldn't buy food or water or anything else at Walmart if it was the Apocalypse and it was the only store left in the world. Choose another store mate.
As far as credit cards, there's no better fraud protection or US BASED customer service than DIscover.

Actually chase bank is number one for me . Discover isn’t even in the same category

 

[Creeper]

Correctamundo. I've never once had a problem with an unreturned charge and I've been hit a handful of times. One was at a gas station ATM and I know for a fact that it was because I was still in undergrad and hadn't really used my debit in weeks because I was too broke to buy anything. Another, some random site charged me like 3-4 times for a random piece of software. US Bank takes your claim, credits you the claimed amount, and if the claim is legit then that's the end of it. If part of your claim is found out to be bogus, you ultimately get billed for the portion of the amount that didn't check out.

If there's one thing CC companies do that I have appreciated it is that they seem to make things right. I would bank with any credit card that doesn't have fraud protection. Is that even legal?

CC issuers are required by federal regulations to conduct a "reasonable" investigation of any claims of unauthorized use of a credit card they issued. This does not mean they must forgive the charges but they have to investigate and only if they find no evidence of fraud can they hold the cardholder liable for the charges. As others have stated most credit card issuers do this without protest, and employ sophisticated algorithms to detect suspected fraud but not for altruistic reasons. They do it to avoid their own losses and to protect the vendors that allow their cards to be used.