Debit vs. Credit: Which is Safer to Swipe

Credit card fraud is on the rise. You need to protect yourself from identity theft. Both debit and credit cards offer solid protection to account holders. However, debit cards are linked to your checking or savings account. In the event of theft or fraud, credit cards provide an extra layer of defense because you have a better chance at getting your money back than if you paid with cash.

Fraudulent charges on a credit card can be reversed fairly quickly (usually 24 hours or less). However, it can take two weeks or more to restore funds to a debit card checking/savings account. And keep in mind, if your credit card information is lost or stolen, all major financial institutions and card issuers promise zero liability for fraudulent transactions. The same can not be said about protection for debit card purchases or ATM withdrawals. Under the Electronic Fund Transfer Act, consumers aren’t responsible for more than $50 if a lost debit card or fraudulent charge is reported within two days (however, your liability increases with time).

The recent data breaches at Target and Neiman Marcus have shown that your information isn’t always secure with merchants. However, at Banc Certified Merchant Services, we help keep your data secure with our PCI Customer Support Team.

To promote the security of the credit and debit card payment systems, the major card brands established the Payment Card Industry Council (PCI) to oversee its Data Security Standards (DSS). The PCI-DSS is the standard to which merchants and service providers must adhere for the complete protection of cardholder payment data. To protect cardholder data and mitigate financial exposure, it is imperative that all merchants validate and demonstrate PCI-DSS compliance.


When it is time for you to validate your compliance, you will do so through your Processor. All Merchants are given an online Annual Self-Assessment Questionnaire (SAQ). The process takes roughly 30 minutes. BCMS will help you every step of the way with our dedicated PCI Customer Support team.

For more information on PCI Compliance, please click here.


For additional details, please contact BCMS at (877) 861-8008.

*Portions of this blog post are from Yahoo! Finance.