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Yes. You have had two months free money so you were up on the deal.
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∙ 14y ago
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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.
Can merchants charge a fee for using a debit card?
No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.
Can a bank decline your debit card transaction to any merchant?
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.
Can merchants charge a fee for using a debit card in Vancouver BC?
As I understand, their must be a prompt at the begining of the transaction on the interac machine for you to accept the additional charge. A vendor cannot simply add the user fee to the total of the transaction amount.
Why is your debit card declining?
If your debit card is declining that means there are not funds to cover 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 happens if a credit card has been processed under the debit option by mistake?
Typically the point of sale terminal will ask for the pin number. If the user has the pin number, the charge will be handled as a debit charge instead of a credit charge. (It's a little cheaper for the merchant; it will make no difference to the card holder.) If the card does not allow debit transactions or the user does not have the pin, the transaction will be declined.
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.
Can merchants charge a fee for using a debit card?
No. When I operated a business from 2009-2011 in Ontario my debit machine regulations stated very clearly that I was not permitted to surcharge the customer with any minimum transaction or transaction fee.
Can a bank decline your debit card transaction to any merchant?
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.
Do you debit or credit expenses?
Expenses are a debit transaction.
Can a debit card be used at any ATM machine?
As long as you have money in your checking account, you are able to use a debit card in an ATM machine. Keep in mind though that you are charge for the transaction.
Can merchants charge a fee for using a debit card in Vancouver BC?
As I understand, their must be a prompt at the begining of the transaction on the interac machine for you to accept the additional charge. A vendor cannot simply add the user fee to the total of the transaction amount.
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
Is it legal for a merchant to charge a fee for debit card purchases under 10.00?
it is illegal in my home state, however some merchants will do it anyway.
Why is your debit card declining?
If your debit card is declining that means there are not funds to cover the transaction.
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.
