More Info on Debit Cards
July 8th, 2010
A plastic card issued by banks to customers is known as debit card. It provides an alternative payment method to cash while purchasing. This card allows instant purchase and removes the correct balance from the user’s bank account. Debit card require a PIN as a security feature.PIN number is personal identification number. For removing money from an ATM the users have to enter their PIN for verification.PIN is usually not required for online purchases. The history of debit cards reveals that they are largely being used to pay for food and drinks. Debit cards provide freedom from carrying cash and checks while traveling, thus it is safer. It does not charge high interest rates or fees on card transactions.
Entry Filed under: Business