Merchant Services Experts, National Debit Card Network, Release a Statement on Five Reasons Credit Cards Are the Best Way to Pay

Online, May 8, 2013 (Newswire.com) - National Debit Card Network released a statement following an article published on Daily Finance by Dan Caplinger, regarding how even though mobile pay options and debit cards have taken off recently as a way for consumers to purchase goods, credit cards are still the best way to pay.

According to the Daily Finance article, there are five reasons consumers should still use credit cards for making a purchase:

• If something happens to your credit card and you end up becoming the victim of a fraudulent transaction, credit cards offer a broader range of protection than debit cards. You can fight a fraudulent charge on a debit card, but the money will have already been withdrawn. Credit card companies will immediately credit your account when you report the abuse.

• While some debit cards have finally jumped on board with offering users reward points, credit cards still do it better. From getting cash back to airline miles, credit cards simply offer better rewards than debit cards.

• Many credit cards can be used to cover damage when you rent a car. It can save you from having to pay the insurance coverage charge that rental company's offer.

• Credit cards offer travel perks that debit cards don't. Some credit cards for example, offer a trip cancellation or interruption insurance in case something comes up and you can't pay for the trip.

• Credit cards also offer a number of other protection services, such as price protection, which will refund the difference of an item you bought if you find a lower price within a certain period. Purchase protection and extended warranty cover consumers in case something is broken or stolen.

Greg Slote, representative of merchant services experts National Debit Card Network, released a statement following the Daily Finance article. "These are five solid reasons credit cards are still the best way for consumers to pay. It's important for a merchant to realize the benefits of accepting credit cards at their place of business. One of the most important aspects of credit cards is the security that comes with it, and for a small business just starting up, security can mean everything."

The National Debit Card Network is a leading international provider of electronic payment solutions and related merchant services for independent business owners. The National Debit Card Network offers a diverse suite of cost-effective and profit generating solutions for independent business owners including credit and debit card processing, gift cards, loyalty reward programs, cash advances, electronic check approval services and related business services. National Debit Card Network was rated "Best Overall Merchant Services Provider" for May 2013 at ratemycreditcardprocessor.com.
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