What are the differences between ATM and Credit?

Question

Like when in stores, employees would ask you if u want to do credit or debit.

What are the differences?

Well, some people have credit, but they're not credit cards.

Answer 1

if you use debit the money is taken from your account right away if you use credit, your transaction is processed like a credit trqnsaction which means it will take several days for the money to come outy of your account. most businesses preffer you use debit because businesses pay a small percentage of the transaction to processing costs if you have your transaction processed as a credit tyransaction

Answer 2

Hi. A debit transaction will ome out of your fund right then and there. Credit still takes about 3 days to do through but it still comes from your account. Credit, you just sign your name and show id. A debit you use a pin number, and no id. The credit kinda allows you a 3 day period to get your butt to the BANK!!!

Answer 3

Debit is where you have to enter a four digit pin number in and they usually charge you a certain amount each time cause it comes right out of your checking account, I get charged $.40 cents for each transaction, and credit is where it takes about 2 to 5 days to come out of your account, and there are no fees since it takes a few days to come out. If you are purchasing something and might return it its better to debit cause they usually give you cash back and with credit they usually give you a credit and it takes 2 to 5 days to get credit back. I know cuz I work at Jcpenny's and no debit machines.

Answer 4

ATM = automatic teller machin. thats for your debit cards & you need to have cash in the bank to buy stuff. Credit cards dont require you to have cash, just credit which you will need to pay off with interest & can be addictive & dangerous if not controlled.

Answer 5

They have to set their machine up differently if you want to use a credit card or a debit card (which works like a check/cheque).

Answer 6

there are debit cards with either mastercard and visa logo, if u say debit it will come out of ur checking account immediately after the transaction while with credit, even it will also come out of the account, it takes longer to post, i think 24-48 hours....so if u know that u have money in ur account right at that moment...u can just say debit...

Answer 7

credit is from a credit card like you don't have the money and debit is from your checking account

Answer 8

Debit cards require a PIN # to use. It is safer than credit because of this.

Answer 9

i think you mean debit and not ATM (ATM stands for automatic teller machine) your banks (whatever bank you have)ATM machine is were you would go to get your own money out of your own account using your debit card, a debit card is a card that is linked to your bank account, so whenever you use your debit card the money comes out of your own bank account, with credit cards you are using barrow ed money (money that you will have to payback) so to answer your question: ATM / DEBIT = YOUR OWN MONEY FROM YOUR OWN BANK ACCOUNT, and CREDIT / CREDIT CARDS = BORROWED MONEY THAT YOU HAVE TO REPAY example

Answer 10

it all comes out of the same account but if you say debit you have to use your pin number. if you say credit you will have to sign the reciept. doesnt matter.