What is a Debit Card?

A debit card is a plastic card, much resembling a credit card, whose funds are withdrawn directly from the cardholder’s checking or savings account.
An online debit card is used at a Merchant location by the Cardholder entering their Personal Identification Number (PIN) in the Merchant PIN Pad.  On-line Debit Cards bear the marks of ATM networks (such as MAC, NYCE, STAR)

Electronic Merchant Systems Payment Processing Glossary :

Defining key payment processing and merchant services industry terms to help business owners make better decisions.




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