Re: [NTLK] [OT] PayPal gripes

From: Victor Rehorst (victor_at_newtontalk.net)
Date: Fri Apr 12 2002 - 16:45:31 EDT


On Fri, 12 Apr 2002, Eric L. Strobel wrote:

> on 4/12/02 3:22 PM, Peter Cameron at pdwc_at_sympatico.ca wrote:
>
> >
> >> The concern over the "debit" reference here occurs when you use your ATM
> >> card as a credit card, but without a PIN needed.
> > My ATM (debit) card has no credit card affiliation. And a PIN must be
> > used for ALL transactions.
> >
>
> Yes, but ATM cards and Debit cards are two different things. An ATM card is
> for use at ATMs, a debit card is the "just like a check" card that gets used
> in stores. Sometimes a debit card can get put out by the same folks that

In Canada, they are one and the same. Your ATM card issued by your bank
is used at a debit machine at a store, where you pay instantly with money
in your checking or savings account.

> Anyway, the point is that, while you need a PIN for the ATM card, Money
> Magazine and other such sources are always warning folks that the "just like
> a check" debit cards have NO mandated protection and you could lose your
> entire bank account without recourse. It is a nice feature that it sounds

Oh, and in Canada when you "debit" at a store, you do need to use your
PIN.

-- 
Victor Rehorst - victor_at_newtontalk.net - chuma_at_chuma.org
NewtonTalk list administrator - http://www.newtontalk.net
Will help you with your list problems - as long as you're nice.

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