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Comment by jcrben | Hacker News Reader

Wish you could disintermediate credit card fees. I'm sort of hopeful that credit card surcharging might grow (https://www.cardx.com/) and start competition on those costs.

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I don't have strong feelings either way on having consumers pay CC processing fees, but encouraging them to use debit cards online seems irresponsible given the non-existent fraud protections on debit cards. Of course it's technically consumers' responsibility to know and trade off that risk versus the savings, but at least in the US the sad reality is that personal finance education is woefully lacking or non-existent for most people and they don't know the difference.

Generally in the US, debit card fraud liability is limited to $500 if the card owner reports it within 60 days.

My strategy is to have less than $100 available in the account connected with my debit card. If I need more for some reason I can just transfer on the spot.

This also makes me more aware of my spending, since I need to manually keep topping up the account.

Yeah. I'm optimistic that the the relentless long-term competitive march to improved customer experience will include better fraud protections on debit cards. Reduced expenses as technology helps us identify fraud will also help.

I haven't used a debit card in years to maximize benefits (altho I sometimes use cash when required by small businesses), but the Capital One debit card advertises $0 Fraud Liability https://www.capitalone.com/bank/debit-card/.

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