I was at work (I live in Canada currently) and I was handling some customers from the states. They had a Bank of America Visa card. I asked "On your credit?" and they replied this was their debit card. In Canada, debit cards don't have a credit card branding whatsoever, so I was confused at first, but it just ran as a credit transaction. They signed the slip and left.
Now my question is how does they work? Is it just a debit card but without having to use a PIN Number? Do you confuse the two in your wallet?
2006-12-18 11:37:26 · 4 answers · asked by takuwan_199 3 in Business & Finance ➔ Personal Finance
It can usually be used both ways; Debit/Credit. If it used as a Debit Card we enter a PIN. If it used as a Credit Card we sign the Receipt. This how mine works. If a person use it as a Credit Card you may want to check their I.D. to be sure they the same person as on the card.
2006-12-18 11:40:51 · answer #1 · answered by Snaglefritz 7 · 0⤊ 0⤋
Are U.S. debit cards that have either a Visa or MasterCard symbol can be run both ways. Choose Credit the person signs for it. Choose debit they enter a pin number.
However, Some US pin based transactions will not work in Canada unless the card has visa plus, Maestro, or Cirrus symbol and the merchants take those cards.
Some U.S. debit cards do have the Interac symbol on them because they have banks in Canada.
I also read somewhere a few Canadian Banks do have these types of debit cards. That site did not list the banks that have check/debit cards.
2006-12-19 13:01:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The debit card can be run as a credit card and they can be able to sign, but if you run it as a debit they are required to punch in the pin number. here most debit cards have logos such as VISA on them but a few. Even when you have a debit and a credit card in the wallet, you cannot confuse because the debit card has the logos of both the bank and, for example, VISA and the bank name while the credit card will have both the logo and the issuing credit company. So it is easy to differentiate the two.
2006-12-18 11:49:49 · answer #3 · answered by Agama 1 · 0⤊ 0⤋
They work pretty much the same as credit cards, It's just comes straight from your bank account and you have to use a pin number.
2006-12-18 11:41:21 · answer #4 · answered by Supa_Sexy1 2 · 0⤊ 0⤋