10 Facts about Debit Cards
Get the interesting Facts about Debit Cards in the following post below. People also call it a check card or a bank card. You can use debit card to make a purchasing. There is no need to use any cash for you can apply this plastic payment card. Now the cheques and cash transactions are replaced by the usage of debit cards. There has been different system related to the development of debit cards in the countries in the world. Some regulations are often not compatible between countries. Let’s check other interesting facts about debit cards in the world:
Facts about Debit Cards 1: the usage of debit cards
The usage of debit card has been improved in several countries in the world since the mid 2000s. Therefore, the debit issued in a particular country is accepted in another country.
Facts about Debit Cards 2: the other uses of debit cards
You can also use debit for phone as well as internet purchase.
Facts about Debit Cards 3: the difference of debit card with charge card and credit card
The debit card is very different from credit card or charge card. If you use the two latter ones, you have to pay back the money to bank later. On the other hand, the debit card is used by transferring the money from the designated bank account of the cardholder.
Facts about Debit Cards 4: the feature
The people like to use debit card because it allows them to withdraw the money from ATM. The customers may also enjoy cashback from the specific merchant if they use the debit card to pay the product and withdraw cash.
Facts about Debit Cards 5: the transaction of debit card
The debit transaction will be processed in three ways. Those are Electronic Purse Card System, signature debit and PIN debit or online debit.
Facts about Debit Cards 6: the physical card
A debit card is presented by a physical plastic card. The three ways of transactions are covered into one card.
Facts about Debit Cards 7: the issuers of debit cards
Visa, MasterCard, Discover Card and American Express are the four largest bank card issuers of debit cards. Look at facts about credit unions here.
Facts about Debit Cards 8: other debit cards
There are many other types of debit cards in the world. Some of them are only accepted within the country.
Facts about Debit Cards 9: the examples of specific debit card
Carte Bleue is only accepted in France, while Solo is accepted in United Kingdom. The customers only use UnionPay in China. Find facts about Credit Score here.
Facts about Debit Cards 10: the benefits of debit cards
It will be easier to monitor the spending of the customers as well as packaging the products by looking at the debit card system.
Are you interested reading facts about debit cards?