Do Debit Cards have the same charge-back potential as credit cards?
No, all Debit Cards are tied to a specific depository account. A Customer’s financial institution will stand behind Customer initiated PIN based Debit transactions. Once the PIN has been entered at the point of sale, it is considered a “same as cash” transaction. Cardholders may file a bank regulation E claim to contest a transaction; however retaining your daily receipts is the best way to defend against claims of this type.
