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A few people confirmed my experiences with a rising rate in charge backs over the past weeks. Consumers that file for bankruptcy will have all transactions of the past 6 months cancelled if they owe any money to their bank. You notice when you get hit with a number of charge backs on the same day. This applies to both, credit and debit cards. Banks can be mean, specially if bankruptcies are rising.
A news piece about the rising revenue of Mastercard 2 weeks ago confirmed the outlook for debit cards becoming more popular than credit cards.
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