cashback or cash machine??

joe134

Hi, In light of todays article in the Mail, that cash machine fraud is so sofisticated and virtually undetectable, and the aggro of gettin redress from the banks, is it wiser/ safer to use cashback at large supermarkets etc.The nominal amount of cashback Amex platinum give, which is my main way of paying is negligible to lose, than using my debit card just to get petty cashback,£100pw.One only has to spend a nominal amount, no hidden cameras etc.+ a receipt.

Loughton_Monkey

I see no reason to believe that Supermarket electronic card machines are any safer than cash machines in the wall.

jimjames

I received a chain email today warning about the risks of cashback fraud at supermarkets. This particular one was a hoax as it was a poorly amended copy of a US hoax relating to Walmart cashbacks than had been changed to Sainsburys.

The method mentioned is plausible although doesn't appear to have happened in the UK and as such I would expect the risk of cashback fraud to be at least equal to that from cash machines.

joe134

Loughton_Monkey wrote: »

I see no reason to believe that Supermarket electronic card machines are any safer than cash machines in the wall.

Apart from skimming, by a rogue till person, there are no hidden cameras, fascias, keyboards, etc.So that's illiminated, and that's the most used way of obtaining your details via hole in the wall.

mr_fishbulb

Anyone remember this?

http://www.theregister.co.uk/2006/05/08/shell_suspends_chippin/

Lokolo

I've had my card cloned once, and it was from a petrol station till. Never happend with a hole in the wall.

Funnily enough, was at a shell garage.

pqrdef

Presumably if I'm going to pay for my shopping by card, there's no additional risk in getting some cash at the same time.

But anyway, aren't we told that it's the bank which is the victim, not the customer?

joe134

opinions4u wrote: »

Pay for everything on a cashback credit card.

Clear the balance in full every month.

Withdraw about £30 from an ATM inside a supermarket once a month and that lasts me until the following month.

I think ATMs inside banks will be most secure, but the risk of being a victim of ATM fraud is miniscule.

Hi, That's how I have operated for years, except I use HSBC outside ATM.As my wife does shopping and ATM, I wondered wether cashback would have been safer.The advantage with cashback is you have your money handed to you, not wondering if it is going to be gobbled up.I remember Shell, but this was not cashback, it was a huge scam.Nothings 100% safe, just trying to reduce the odds+ there.s a glut of fake notes about, and if you are able to spot one with cashback, you can ask them to change it. ATM, you have lost it, no comeback.

jimjames

pearsonad wrote: »

I think getting cashback from the till at the supermarket has to be the safest way of getting cash other than walking into the bank yourself !

I guess it depends if you consider a machine or a human to be most reliable/infallible! I would see there being more potential risk of getting a fake from a till that previous customer passed on than from freshly loaded notes in an ATM plus for larger amounts the risk of miscounting etc are higher than with an ATM I think.

Over the years I've drawn out many thousands from cash machines and yet to have a mistake. Last year I paid for car and building work in cash drawn out in £1000 chunks from ATMs, I certainly wouldn't feel confident with a supermarket cashier counting out that!

G_M

Daily Mail? I'm sure there's a basis of truth in the report somewhere, but likely to be hyped up.

nilrem_2

Personally I don't like using 'hole in the wall' cash machines in the street, you never know who is watching and sussing you out so to speak, when I do need to withdraw cash I either go to the bank counter with my card or use the machines inside the bank, I always feel more secure that way, I just hate to have someone stood behind me at a cash machine.

I have never ever used the cash back option because I always pay with my Credit Card, I rarely buy anything with my debit card.