Whats the difference between a Debit and Credit Card and what difference does it make If I want to Buy online?

Question

Can I use a Debit Card to shop from an International Webstore .

Answer 1

A Debit Card is one which pays money out of your Bank Account directly.

A Credit Card, however, extends a line of Credit to pay with.

The difference is that the Debit Card payment is money gone from your Account, irreplacably. While, with the Credit Card, if you don't get the goods, or if you didn't order them, you don't pay, you Dispute that bill.

Using your Debit Card online is suicide; so, don't ever do that.

In fact, don't buy online.

There are far too many scams for you to take that risk.

Cheers!

ST

Answer 2

A debit card is drawn right from your bank account. If you don't have the money available, the card won't go thru. You can use it like an ATM card or like a credit card in a store. There's no late charges, and many have no fees. Credit cards are where you spend first, pay later. There's often a high interest rate - which goes higher if you don't pay on time.

If your debit card has a Mastercard or Visa logo, you should be able to use it to shop online. Unless you're required to enter a PIN number - in which case, you won't be able to.

Answer 3

A debit card is linked directly to your bank account. When you use a debit card, the money is immediately (give or take) transferred out of your bank account and into the account of the vendor. At the time of purchase, you have to enter a special PIN (Personal Identification Number) number to verify that you are authorized to use that debit card to make purchases.

A credit card is basically a promissory note. When you use a credit card, the credit card company pays the vendor for the purchase and then at some future point (usually under 30 days) sends you a bill for the purchase.

I haven't seen any online sites which accept debit cards - I'm not sure how they would handle the PIN number authorization, for one thing.. Given the direct linkage to your bank account, I would be very leery about using one for online purchases. And using the debit card, you don't have the safety net of having a third party (eg. - the credit card company) to help you out if any problems (such as fraud) are encountered.

Answer 4

A debit card is tied to an latest account - regularly a checking account. once you utilize the debit card the money is immediately taken out of the account that it incredibly is tied to. you will possibly be able to desire to (and maximum possibly could) be charged expenses for using a debit card. A mastercard is an unsecured very own line of credit. those might have annual expenses, yet should have no expenses according to use. you would be charged expenses of interest in this account (except you pay entire owed in the grace periond). A verify card works like debit card - yet many times would not have any expenses linked with it. ** using the two a mastercard / Debit Card / verify Card at an ATM will possibly generate expenses - verify with your financial organization ** i could tremendously propose using a credit Union instead of BOA. i could additionally propose using a pay as you go (AKA secured) mastercard. this could shop you from spending extra which you're able to have the money for.

Answer 5

A debit card is tied directly to a bank account. When you use a debit card you are using money that you already have. A credit card is just what it says "credit." You are basically borrowing money from the credit card company. You are using money that you don't have....you will get a bill from the credit card company and have to pay them back. And I think you can use both when shopping on line....it depends on the company.

Answer 6

A debit card is actually a card that you can use in place of checks for your checking account. A credit is a card that extends a line of payment that you have to pay on every month if you use it. They also charge you a fee called interest for every time you use a credit card. A debit card is much easier and less painfull, plus the upside is you can use it pretty much everywhere. Online, at your favorite stores, gas stations. everywhere credit cards are accpeted so are debit cards.

Answer 7

Debit= a card used for purchases in which the money comes directly from your bank account. (can be used as a credit card as well)
Credit= a card used for purchases in which you will have to pay credit card company back with interest.

For online purchases you can use your debit as a credit and it will still deduct the cash from your bank account.

Answer 8

You get a debit card when you open a bank acct whose company offers debit cards. Ours is a Mastercard, the money is taken out of our bank acct. and we pay no interest. A credit card is a whole nuther subject, late fees, interest, forget it. You use a debit card like a credit card anywhere they accept them.