General Category > Economy/Business
U.S. Black Friday online sales hit record $9 bln despite high inflation- Adobe Analytics
libertybele:
--- Quote from: Wingnut on November 26, 2022, 09:46:58 pm ---It was reported lots more online purchase came from CC than debit cards. Not a good sign.
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Well, it depends I guess how you look at it, credit cards at least offer some sort of fraud protection. Or you can look at it as people are using credit in lieu of available funds. :shrug:
Either way this economy stinks.
DB:
I only use a credit card online, never a debt card.
Right_in_Virginia:
"CBS reports Americans spent more than $9 billion online on Black Friday. "Due to soaring inflation, many spent more — but received less." (Video)
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https://mobile.twitter.com/RNCResearch/status/1596898673446617090
Kamaji:
--- Quote from: Wingnut on November 26, 2022, 09:46:58 pm ---It was reported lots more online purchase came from CC than debit cards. Not a good sign.
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Why is that a bad thing? There’s more protection for CC fraud than for debit card fraud, so it makes more sense to use a CC rather than a DC.
DB:
--- Quote from: Kamaji on November 27, 2022, 09:47:18 pm ---Why is that a bad thing? There’s more protection for CC fraud than for debit card fraud, so it makes more sense to use a CC rather than a DC.
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The primary difference is any fraud on a debt card comes straight out of your bank account when it happens. It could clean you out. You have to file a dispute with the bank to get your money back and it will take time to get resolved while you are out the money and perhaps unable to pay your bills. With a credit card the money is paid against a credit account and you don't normally end up paying anything if reported in a timely manner.
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