0
A debit card is as good as cash. Transactions made by debit card can appear on the same day the sale took place.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Is there a fee for debit card transactions?
It depends on what bank you use.
Debit Card Scam Recovery?
Debit card scam recovery is the process of taking action to regain any lost funds and prevent further unauthorized transactions on your debit card. The first step in debit card scam recovery is to contact your bank or card issuer immediately. They will be able to freeze your account and issue a new card to prevent further unauthorized transactions.
Which of these transactions cannot be performed with a debit card?
Converting Dollars to Euros.
How many debit card transactions per year?
29.8 in 2009
Which Indian Bank's Debit Card Supports Internet Transactions International?
sbi
If you use an ATM card or a Debit card transactions will be treated as if you have written a check?
it will be trated as you written a check
What is meant by debit card?
A debit card - is a form of electronic cash. A credit card - is essentially a loan. The main difference between the two is - Debit card transactions are instant, and the value of the transaction is taken from the account immediately. Credit card transactions don't become due on the account until the next statement is prepared - and even then, you don't have to pay the balance in full.
Can you go for internet booking through debit card?
Yes you can use your Debit card for internet transactions. These days debit cards also come with CVV number (A 3 digit number on the back of the card used for authentication & security purposes) any card that has the CVV number and sufficient credit limit can be used for internet transactions.
How do you use your ATM card as a credit card?
Actually in swiping machines you can swipe your atm card for transactions by just entering the pin number. Where some of them accepts card transactions. There you can use it. Here i used to prefer virual debit card for secure transactions.
Are debit card transactions withdrawn on the spot for payment?
Yes. The debit card is usually linked to an account and the moment the transaction is approved at the POS terminal the amount gets debited from our account. POS: Point of Sales. (the place where you swipe your debit card)
What are some of the features of a Mastercard debit card?
Some of the features of a Mastercard debit card is added protection of transactions. The management of an account is easier since the funds are deducted right away.
What is different between debit and credit?
the main difference between debit and credit are how they are processed. when you use debit you will be asked to enter a "personal" pin or code. debit transactions have a limit of how many times you've used your debit card that day. when you use credit you are protected from liability. if someone steals your credit card, and you report it, you will not be liable for their credit transactions. so you are less protected if you use credit over debit. for Debit you can spent your maximum money in your balance bank account. but if if credit card, this is like a loans or there's maximum balance in your credit.
