Jun/090
Consumer Credit Act Helping to Boost Online Sales
Christmas 2008 came and went with stories about shopping figues being lower than ever and high street stores going bust within hours of each other. We know now that the crisis that was predicted never really materialised despite well-known chains such as Woolworths and Zavvi succumbing to low sales figures. However, internet shopping defied the economic downturn and even went on to level out the overall sales figures similar to the previous year.
Customers using credit cards, rather than debit cards, to purchase goods online enjoy greater legal protection from fraud. Section 75 of the Consumer Credit Act allows cardholders to claim against their card issuer, as well as their supplier, if they suffer breach of contract or misrepresentation for items costing over £100.
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