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)
Visa is a payment network that processes transactions for both credit and debit cards. It is not a specific type of card itself, but rather a company that provides the infrastructure for card transactions.
Yes, stores can track your debit card transactions through their payment processing systems and may use this information for various purposes such as marketing and analyzing customer behavior.
A debit card is as good as cash. Transactions made by debit card can appear on the same day the sale took place.
Yes, you can use a debit card in Canada to make purchases and transactions.
To make a PayPal payment anonymously, you can use a prepaid debit card or a virtual credit card that is not linked to your personal information. This can help to keep your identity private when making transactions.
A counter card debit is a type of transaction where a customer makes a payment directly at a bank counter, typically using their debit card. This method allows customers to access their funds and complete transactions, such as cash withdrawals or deposits, without needing an ATM. Counter card debits are often used for larger transactions or when customers prefer personal assistance from bank staff.
A Payment Terminal refers to the keypad and LCD monitor device used by many business to allow credit and debit card transactions. Usually the credit or debit card is "swiped" through the terminal, and instructions for completing the transaction are given on the screen and by the cashier.
The most similar form of payment to using a debit card is using a prepaid card.
Yes, you can use a debit card in Canada to make purchases and transactions at most retailers and ATMs.
The main difference between using a debit card and PayPal for online transactions is that a debit card directly accesses your bank account, while PayPal acts as a middleman between your bank account and the merchant. Debit cards are issued by banks and are linked to your account, while PayPal is a digital payment platform that stores your payment information securely. Debit cards offer direct access to your funds, while PayPal provides an extra layer of security by not sharing your financial information with the merchant.
Yes, debit card transactions can be tracked by the bank or financial institution that issued the card.
Yes, debit card transactions typically go through immediately, deducting the funds from your account at the time of purchase.