Dollar Minimuns and Maximums: Always honor valid Visa cards in you acceptance category, regardless of the dollar amount of the purchase. Imposing minimum or maximum purchase amounts in order to accept a Visa card transaction is a violation of the Visa rules.
(Page 9 of the Card Acceptance Guide. source. www.visa.com | search: card acceptance guide)
Debit card works like a credit card, the only difference is that when you make a purchase, the transaction is charged to your deposit with the bank who issued your debit card.
When you use credit card for purchasing goods and services, the credit card issuer pays for it first and you pay the credit card company. On the other hand, when you purchase using a debit card, your purchases are charged to your bank account.
A debit card is a card that is connected to your bank account. If you pay with your debit card, your purchases will be charged to your bank account. A visa card is usually an unsecured credit card. When you pay with a credit card, the issuer pays for your purchases and the issuer will bill you for the purchases with additional interest for using their services. In other words, your purchases are on credit.
All debit cards are free ! A debit card in simple terms - is electronic cash. No-one should be charged for using a debit card - as the only way the transaction can be completed is - if there's enough cash already in the account to cover the purchase.
One advantage of a debit card compared to a credit cards is that with debit card you will not be heavily indebted because your purchases are directly charged to your checking account.
As long as you can use your debit card at stores just like credit cards are used, your debit card will work. Newegg won't know the difference between your debit card and a credit card.
before the transaction is done it will ask you if you want "cash back".. But this requires a purchase..
Yes.
Yono it is not true that we can byr membership using debit card people hhave you seen that there is any option in using debit card
in the language of bank and other financial institutions debit means withdrawl. so by naming debit card as debit card bank says '' it is a card by using which u can do any purchases and in return we will debit ur bank balance by that amount. so in debit card u are not borrowing cash from bank (as u do in credit card), but u are using your own money which u have earlier deposited in bank. so in short: debit card is a card by using which u are debiting ur bank's credit balance.
A debit card is connected directly to a bank account. The money being charged must be present in the account. A credit card is used with a promise to pay the creditor in the future.
In finance, unlike accounting, a debit is a subtraction of funds. When you make a purchase using a debit card, money is subtracted from your account. Hence the name, 'debit card'.