Debit card usage online

[jmc92 0]

So I wanted to buy something for my girl Maria, off of a website called lazada.

But I was wondering what % rate/fee they would charge for using USD for a php item, via bank of america debit/visa cards

[yannix 24]

 

So I wanted to buy something for my girl Maria, off of a website called lazada.

But I was wondering what % rate/fee they would charge for using USD for a php item, via bank of america debit/visa cards

Assuming the site is based outside the US. The fee would depend on your bank, anywhere from 0% to 4%. Take note that this fee will still be assessed even if the site charges you in USD.

As for the exchange rates, they are set daily by the card networks (e.g. Visa/Mastercard/Amex) and are generally competitive.

[Hank_ 9,173]

So I wanted to buy something for my girl Maria, off of a website called lazada.

But I was wondering what % rate/fee they would charge for using USD for a php item, via bank of america debit/visa cards

I would not use a DEBIT card... no protections. Use a credit card

[manilaraf 28]

Agreed. With credit cards you can be protected against unauthorized use. With a debit card, it's a direct line to the funds in your account. So be careful.

[jmc92 0]

Well, I never have more than 20 dollars on this one card at a time, and I used it, and so far so good.

Apparently my bank said there would be no fee but the purchase charge, but I'm keeping a little extra in there just in case.

I'll try to remember to update this, and tell you if my foreign shopping adventure went well ^^

Thanks everyone

Edited December 5, 2014 by jmc92

[VOL 425]

Remember you don't have to buy the cow to have the milk

Best of Luck....................

[waveforms 0]

I agree that you really shouldn't use a debit card online ... or pretty much anywhere! lol, No protection.

But if you must use a debit card make sure that the bank account it is linked to does not have overdraft protection.

The bank will pull from another account and you can get completely drained.

[Greenbaum 12,258]

Hank_, on 03 Dec 2014 - 6:38 PM, said:

I would not use a DEBIT card... no protections. Use a credit card

manilaraf, on 03 Dec 2014 - 11:00 PM, said:

Agreed. With credit cards you can be protected against unauthorized use. With a debit card, it's a direct line to the funds in your account. So be careful.

waveforms, on 04 Dec 2014 - 8:45 PM, said:

I agree that you really shouldn't use a debit card online ... or pretty much anywhere! lol, No protection.

But if you must use a debit card make sure that the bank account it is linked to does not have overdraft protection.

The bank will pull from another account and you can get completely drained.

Wrong, Wrong and Wrong.

According to EFTA (Electronic Fund Transfer Act), if you report a debit or ATM card missing before it's used, you'll be liable for nothing. If you report it missing within two business days of discovering the loss, your liability is capped at $50 for unauthorized charges. However, if you don't report the loss within two business days, you could be held liable for $500. If you don't report unauthorized charges within 60 days of receiving a bank statement with the charges, you could be held liable for the entire amount.

[waveforms 0]

http://www.lifelock.com/education/your-money-and-finances/debit-credit-card-protection/

[Hank_ 9,173]

you know that outfit is run by a guy that went to prison for identity thief?

You can do the same thing for free by contacting the varied credit bureaus

Edited December 5, 2014 by Hank_

[Greenbaum 12,258]

Hank is right. Just lock down your credit reports and your protected. IT's FREE. You like Free? And you can do it online. Remember to keep your PIN safe and secure and know where it is. Because, if you are applying for credit somewhere they will not be able to access your credit unless you go and unlock your account ( the one that they will access).