On 27-Feb-12 11:38, Adam H. Kerman wrote:
Stephen Sprunk wrote:
(Debit card transactions are _not_ removed immediately in the event of a
dispute, which is a significant difference.)

The debit has already occurred, so procedures with credit cards are
irrelevant. A chargeback by the clearinghouse to the merchant's account
isn't possible. The amount must be refunded.

Wrong. The dispute and chargeback procedures involving the issuing
bank, the card network, the card processor and the merchant are all
identical regardless of what class of payment card is used.

The _only_ difference is that the charge is not reversed in the
customer's account until _after_ the dispute is resolved, and that is
because US consumer protection laws do not apply to debit accounts, only
credit accounts.

S

--
Stephen Sprunk "God does not play dice." --Albert Einstein
CCIE #3723 "God is an inveterate gambler, and He throws the
K5SSS dice at every possible opportunity." --Stephen Hawking