Martin Lewis has issued a payment protection warning to those who use PayPal.
The money and finances expert gave his two cents on the online payment method during an episode of the Martin Lewis Money Show when a viewer called in to ask about the security of using Apple Pay.
"I've recently started using Apple Pay for purchases above the contactless limit, but I'm worried that I might not have Section 75 protection," the caller said.
Section 75 protection means that card companies are jointly liable if a purchase goes wrong for goods costing between £100 and £30,000.
Martin explained that while using Apple Pay for payments is just the same as using your card in any other circumstance, using PayPal doesn't offer the same protection for spenders.
"Apple Pay is just another way of using your card, it's effectively like using the card," Martin said.
"You still get the Section 75 protection which makes the credit card company jointly liable if you buy something that costs over £100, but less than £30,000."
Martin told viewers that using Apple Pay is the best bet to ensure payment protection, saying, "Sometimes you don't get that protection using the credit card through PayPal, but you do in most cases on Apple Pay."
PayPal's website states that the ‘Buyer Protection’ programme entitles you to reimbursement for the full purchase price of an item plus the original shipping costs you paid, if any, when you don’t receive it from a seller, or when you receive an item, but the item isn’t what you ordered.
In a statement PayPal said, "PayPal provides its own comprehensive Buyer Protection programme which, unlike s75 protection, does not have a minimum or maximum purchase value.
"Buyer Protection covers unauthorised payments, as well as purchases that don't arrive, or don't match the seller's description."
-
Martin Lewis weighs in on new fixed price energy deals and shares whether households should switchThe money saving expert shares his insight on emerging fixed price energy deals, how they compare to the energy price cap and whether they are worth switching to
-
Martin Lewis urges holidaymakers to avoid this mistake when paying for goods abroadThe money saving expert warns families not to get caught out when travelling abroad for your holiday
-
'Don't just jump on a fix' - Martin Lewis issues urgent energy switch warningThe money saving expert has warned homeowners to be cautious before switching energy tariffs to save money
-
This is why Martin Lewis is pleading for April's energy bill hike to be postponed
We're all dreading another energy price increase, but there's a very good reason Martin Lewis is pleading with the government to postpone the planned hike
-
Martin Lewis urges families to do this simple check to cut your water billWater bills are set to rise for households in England and Wales from April - but this quick check could see you slash your bill
-
Should I fix my energy prices to save money or stay on the price cap?We explore the benefits of fixed energy prices and discuss if fixing will save you more money than if you stick with the current price cap
-
Martin Lewis fans share GENIUS money saving hacks to help save hundreds of pounds
