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But in the UK banks still cover fraudulent transactions at no cost to the consumer.


Perhaps after the outrage they changed. I remember the articles clearly.


Not the banks, the vendors. It’s a great coup that banks have convinced customers they cover credit card fraud when really visa/MasterCard go and take the money back from the seller.


That's with credit cards which are owned and run by VISA/MasterCard. If your debit card is used to take money from your bank, then the bank pays.




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