It’s a bad idea to use a debit card for online shopping because you don’t have the same federal protections that you get with a credit card.
Debit cards governed by Regulation E – Electronic Fund transfers Act
Credit card governed by Fair Credit Billing Act
Also, when your debit card is compromised, you can lose all the money in your account. Then, you must try to deal with the bank that issues the card to get your own money back. If your credit card is compromised, it’s the bank’s money.
Source(s):
http://en.wikipedia.org/wiki/Fair_Credit_Billing_Act
http://en.wikipedia.org/wiki/Electronic_Funds_Transfer_Act
- doreen
