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Can a bank decline your debit card transaction to any merchant?
Wiki User
∙ 12y ago
Usually if the bank has had several claims that a merchant has tried to scam a customer, they block the merchant from making anymore transactions.
You could call your bank and tell them you want to make the transaction and usually they will white list your account so you can make a transaction with the merchant.
If the bank says they won't allow you to, take a look at their Terms of Service, you signed that legal contract, so if it says they're allowed to decline any transaction then yes they are allowed.
Wiki User
∙ 12y ago
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How do online payments work?
When you make an order your card details will be captured by the merchant or their payment gateway. These will be sent on securely to the merchant bank who will then notify the card issuer who will authorise (or not) the transaction. The bank will send confirmation back to the merchant/payment gateway and you will be notified. The process only takes a second or two.
What is credit and debit in banking sector?
In banking parlance, Credit refers to a transaction where funds came into the account under question and Debit refers to a transaction where funds were taken out from the account. For ex: If your company deposits your salary into your bank account, it will be a credit transaction. Similarly, if you use your ATM Card and withdraw some money, it will be a debit transaction.
What is a debit card and how does it work?
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.
If you overdraft your bank account with a debit card but halfanhour later return everything you bought and get the money returned onto the card not exactly cancel the transaction will it still charge?
no becuase bank charge when transaction is done. your process on through debit card. if this process happen with through check then bank charge it.
What if you swipe your debit card as credit what happens?
The transaction would still be processed... provided the bank account linked to the debit card had sufficient funds in it.
what is merchant account?
A merchant account is a type of bank account that allows businesses to accept electronic payments, such as credit and debit card payments, from customers. The account is set up with a merchant acquiring bank or payment processor and enables businesses to receive funds from credit or debit card transactions after the payment has been processed through the payment gateway. When a customer makes a payment with a credit or debit card, the payment is processed through the payment gateway and then transferred to the merchant's bank account. The merchant account is used to hold the funds until they are settled and deposited into the merchant's business bank account. Merchant accounts typically come with fees, such as transaction fees and processing fees, which are charged by the payment processor or acquiring bank. The fees can vary depending on the type of transaction, the payment processing method, and the specific terms of the merchant account agreement. Merchant accounts are essential for businesses that want to accept electronic payments, as they allow businesses to expand their payment options and increase sales revenue.
What does pending debit mean on your checking account balance?
it means the bank you are making a transaction at hasn't approved the transaction yet so you have to wait because they can always decline or reverse it. Reverse means to send the amount of money you wanted to transfer elsewhere back to the checking account and it could be a lot of reasons as to why they would decline or reverse the transaction.
What is the time limit for processing a debit card charge?
A debit card charge must be posted no more than 30 days from the date of purchase. The merchant can still post a charge after the 30 days however they open themselves up to getting a chargeback from the cardholder/bank. A chargeback is a right that every cardholder/bank have. It is a way for the CH/Bank to get back their money when a merchant incorrectly processes a transaction.
What is a counter debit?
A counter debit is a transaction whereby one receives cash at the bank counter, usually by using a debit card.
What is Merchant rate quote by bank?
the rate in the market at which transaction can be made.
What are the last 4 numbers separated by a colon on a debit transaction on a bank statement?
possibly the time the transaction took place
What is the payment gateway process in online shopping sites?
Card details sent to payment gateway then Card details sent to merchant's bank who passes them on to the card issuer who will authorise or decline the transaction. Merchant's bank returns the results to the payment gateway after that Payment gateway sends confirmation to merchant site which will display a message or send an email etc to the customer.
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
What means of debit?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
How do online payments work?
When you make an order your card details will be captured by the merchant or their payment gateway. These will be sent on securely to the merchant bank who will then notify the card issuer who will authorise (or not) the transaction. The bank will send confirmation back to the merchant/payment gateway and you will be notified. The process only takes a second or two.
What does debit an account mean?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account.
Can you use a Bank of America debit card at Deutsche Bank in Amsterdam without being charged a transaction fee?
of course not
