💨 Abstract

Martin Lewis, Money Saving Expert founder, has warned about the 'pay by bank app' feature at many retailers. While fast, it offers little protection as transactions are registered as bank transfers, not card payments. Customers lose Section 75 and chargeback protections. Lewis advises caution for big transactions, but it's less risky for small ones. He also hinted at more information on the payment option coming soon.

Courtesy: metro.co.uk

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