I just read a thread where the comments heavily suggested OP use a credit card when they travel again so that it would be easier to dispute a fraudulent charge. What makes a dispute through your bank less successful?
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I can see a lot of people talking about regulations, but not why the regulations differ.
It’s because fundamentally, when you use a credit card, the credit card company buys the item and gives it to you, in return for you paying them. By giving you the item, the credit card company itself takes the part of a seller.
It forms something very unusual – a tripartite contract. Both the credit card company and the original seller take the place of different parts of the seller in the contract.
This means if something goes wrong with your product you don’t need to sue the product seller – you can sue the credit card company just as if they were the seller. They assume the liability.
Then it becomes clear – if you can sue them as the seller, your ability and access to retribution is much higher, hence the ‘regulations’ which help the buyer.
If it was just a regulation, credit card companies would have lobbied to remove them ages ago. They can’t because it’s fundamentally a different contractual setup to a debit card.
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