bunq Together

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Credit card / Debit card

DNC-Enterprise

Hi everyone,

I recently started my own company. I am still learning and bumping into a question.

So I have to do shopping abroad, Asia! Of course you pay with a credit card, because your products are insured in this way. Now I thought that a Debit card and a Credit card are the same ... But now I get my doubts and I still want to ask you this question to help me further.

So my question: Can I buy my products with my Debit card and are my products insured?

I hope to hear a response, greetings and thanks in advance !!

DennisdeWitNL

DNC-Enterprise Yes, you can purchase a product via your Debit card. Especially with your Travel Card, that should not be a problem. Card number and security code are simply in the app.

No, your purchases are not insured.

Sander

DNC-Enterprise Now I thought that a Debit card and a Credit card are the same.

The difference is in how you pay. Debit disappears immediately from your account and with credit it deducts from your credit or is settled at the end of the month, for example. You can then spend more money than you actually have. Now bunq has bunq something special, for a retailer the bunq Credit Card seems like a real credit card, but the payments are still debited immediately, and you cannot spend more than you have. So standing red is not possible. That is the most important difference. 👍🙂

pbruins84

DNC-Enterprise Now I thought that a Debit card and a Credit card are the same ...

The card known as a PIN card in the Netherlands is an example of a debit card.

Roeshimi

DennisdeWitNL Are you sure about the "insurance" part? To my knowledge, bunq does not offer any kind of insurance when paying with your card. Do you have different information?

DennisdeWitNL

Roeshimi No, the translation must be off. Yes, he can pay with his debitcard or Travel Card, as it will work the same way as a creditcard.

And no, there is no insurance on neither cards. That’s what I wrote. 🙂

DNC-Enterprise

Roeshimi No, indeed, I have no confirmation of that. I thought that all purchases through credit cards were insured, regardless of which bank you are in.

Roeshimi

DennisdeWitNL Damn you Google Translate ;) OK Thx

DNC-Enterprise

Hi, thanks for your response! I do the purchasing online from the Netherlands. What do you advise me to do? Request a credit card from Bunq ? I just heard that you can request one for free and that you basically have an online credit card, so no physical pass. Is this correct?

Jakob

DNC-Enterprise Purchases through credit cards are not insured. Some companies/banks offer that as a bonus, not all do.

However, using a credit card still has benefits. When there‘s a fraudulent purchase, you normally can contact the bank and reverse it. That‘s not related to any insurance, just an advantage that using a credit card brings with it.

DNC-Enterprise

Thanks everybody!!

DNC-Enterprise

pbruins84 Thank you!