Debit Card Dilemma

savagej

Ah, are you 100% sure. As far as I was aware a debit card becomes a credit token as soon as it is used when the balance reaches below zero.

never-in-doubt

savagej wrote: »

Ah, are you 100% sure. As far as I was aware a debit card becomes a credit token as soon as it is used when the balance reaches below zero.

It will become a credit token but it will never conform to the right section of CCA as the bank account supercedes any card first and foremost. The credit element is the bank account itself with overdraft - not the card.

Sorry mate but on this one you just gotta accept it that debit cards are not compliant with CCA and therefore can only offer intermediate protection (such as VCS) or acts of law (DSR2000)

Now lets have a beer and forget it :beer::beer: Its Friday after all

never-in-doubt

savagej wrote: »

Ah, are you 100% sure..

p.s. mate i'm 1 million percent sure :beer:

exel1966

never-in-doubt wrote: »

Now lets have a beer and forget it :beer::beer: Its Friday after all

:beer: to that !!

exel1966

As for PRE-pay cards the ONLY one as far as I'm aware that has any protection is the CASHPLUS card (subscription payable) which is classed as a credit card and covered under the CCA.

savagej

fair enough, I am still 100% sure Excel is mixing up Maestro thinking it a UK debit card and forgetting Mastercard issue debit, credit and prepay card which all have different rules to Maestro, which offers little protection. But when the Matercard symbol is on a card it is as Mastercard (regardless of whether or not it is a debit card) and chargeback just they same as Visa are allowed.

:beer: I will be having a few a few later.

The only reason people know about Visa Chargeback is because so many have them in different types, however, until recently when Mastercard started issuing prepaid card and is about to issue Mastercard Debit (once again not Maestro).

savagej

exel1966 wrote: »

As for PRE-pay cards the ONLY one as far as I'm aware that has any protection is the CASHPLUS card (subscription payable) which is classed as a credit card and covered under the CCA.

It is not because it is called a credit card it is because it is a Mastercard and subject to their chargeback rules, the only reasons the other companies like Virgin dont shout about it as they dont have the staff to educate and deal with customer queries.

Have you looked at the link and I posted Excel and made an attempt at least to understand it??

exel1966

savagej wrote: »

fair enough, I am still 100% sure Excel is mixing up Maestro thinking it a UK debit card and forgetting Mastercard issue debit, credit and prepay card which all have different rules to Maestro, which offers little protection. But when the Matercard symbol is on a card it is as Mastercard (regardless of whether or not it is a debit card) and chargeback just they same as Visa are allowed.

QUOTE]

You just won't be told will you !:rolleyes:

MAESTRO is a BRAND name for MASTERCARD DEBIT cards.

http://www.maestrocard.com/

exel1966

savagej wrote: »

It is not because it is called a credit card it is because it is a Mastercard and subject to their chargeback rules, the only reasons the other companies like Virgin dont shout about it as they dont have the staff to educate and deal with customer queries.

Have you looked at the link and I posted Excel and made an attempt at least to understand it??

I really do think you should read up on this elsewhere as you're totally confused. Different people have told you yet you still dispute it !

savagej

Yes I totally agree Maestro is a brand for Mastercard debit, with very very little consumer protection, I agree.

But what about a chargeback on a Mastercard prepaid card, how does that work.

How is it going to work when Maestro disappears soon, isssued in the UK, to be replaced by Mastercard Debit, google it and look at the images, no Maestro in sight.

In affect you have still not reading Mastercard's rules on accepting cards and processing chargebacks the merchant has no matter where the card came from as long as it was a Mastercard.

A Maestro card is not a Mastercard it is a debit card issued by Mastercard as you clearly pointed out, this is not the same as a Mastercard Debit card which is a different beast altogether.

The possible reasons for a chargeback on a Maestro card are in appendix B, but Cashplus, Caxton, Fair FX, etc. etc. are Mastercards not Maestro cards and are subject to a different set of rules. How do people get chargebacks on these???

You wont know until you read the Mastercard document, not its subset the Maestro card document. I am not confused, please read it then come back and point on the paragraph and page that back up your arguement about Mastercards, not Maestro Cards.

James