Whether shopping at a brick and mortar store or online, your credit card details are always a concern. Most people assume that shopping online can be a dangerous task, when in fact, all points of credit card "capture" expose some risk of hacking. Recently, some of the largest hacked networks have been physical store systems (ie Target, Neiman-Marcus). The positive is each credit card company has their own policy to protect and limit your risk. You can read each credit card policy below.

The 2016 Consumer Fraud Liability Study offers the clearest and easiest to understand article we've found. It details in great lengths the positives and negatives of each card company.

Please remember, Teak Closeouts employs the highest Symantec Secure Server License (SSL) on the market. This is basically the "secure" pipeline that feeds your credit card data to the credit card processor (we use Authorize.NET). We understand most small websites spend $50-100 per year for their SSL, but we value your security and spend over $2000 per year. We know it is our responsibility to do everything we can to protect your credit card information and privacy.

Consumer Fraud Liability Study - 2016
What many consumers don't know is that federal law and card network policies limit their potential liability for unauthorized transactions. However, such liability limitation is far from straightforward, as the mechanisms by which fraud may be limited often vary based on a number of factors, including card network, issuer, reporting time frame, and payment vehicle.

This study will therefore strive to provide consumers with a valuable source of information regarding their vulnerability to financial losses as a result of card-related fraud, allaying concerns and clearing up common fallacies in the process.

Visa Zero Liability
Your peace of mind and protection are paramount to Visa. Visa's Zero Liability policy is our guarantee that you won't be held responsible for fraudulent charges made with your card or account information.

American Express
Remember that when you use your American Express card, you are not liable for fraudulent purchases. In addition, American Express has sophisticated monitoring systems and controls in place to detect fraudulent activity and protect our Cardmembers' accounts from misuse. If we discover activity on your account that we believe is suspicious, we will contact you.

Have peace of mind knowing that the bank that issued your MasterCard won't hold you responsible for "unauthorized transactions." Zero liability applies to transactions made in the store, over the telephone or online.

Discover's $0 Fraud Liability Guarantee
If someone steals your Discover card account information, remember that our $0 Fraud Liability Guarantee means you are never responsible for unauthorized transactions on your Discover card account.