Those protections are the main reason it’s recommend to use credit cards instead.
But it doesn’t make sense to me, why would I borrow money (credit) if I had it (debit)?
My guess is that banks deliberately do this so people can accidentally spend more money than they have and companies start charging interest.
In: Economics
In the UK, credit purchases are regulated under the consumer credit act. Any credit purchase has to comply with that, including credit card purchases (subject to minimum and maximum limits).
Effectively the credit purchase is a contract and if there’s a breach of contract, the credit card company is liable. The breach could be that the goods fail to arrive, they are not as described, or that they fail when they shouldn’t. As the purchaser, I can make a charge back under section 75. The bank has to refund my card and then deal with the supplier dispute.
This protection doesn’t exist on debit cards.
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