Financial news categories
Financial news archive
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Using credit cards can protect against ticket scams
21 August 2008
Customers who buy tickets online should pay by credit card as they can claim compensation if they fall victim to tout scams, claims the Trading Standards Institute.
It was recently reported that many people lost their money to SOS Ticketmaster after tickets were bought for V and Reading Festivals on debit cards from ticket touts but never delivered.
According to a spokesperson for the Trading Standards Institute, when you compare credit cards to debit cards is safer to use a credit card when buying online.
"If you pay by debit card you won't get your money back but, if you pay by credit card you'll probably be able to claim it back from your credit card company," said Tony Northcott.
Ultimately the safest thing to do is not to use websites that could be deemed untrustworthy, claims Mr Northcott.
"The bottom line is don't buy from ticket touts," he added.
Customers can claim losses on transactions between £100 and £30,000 under Section 75 of the Consumer Credit Act 1974.
Search and apply for the best UK credit cards
