Question

What is a debit card?

Answer 1

1. A person can obtain a debit card by depositing money in a bank. Cardholders can use a debit card to pay for products or services immediately if the seller has a terminal.
2. When a consumer generates their debit card, the terminal transfers funds from the buyer’s account to the seller’s account.
3. Debit cards can also be used to withdraw cash from ATMs. The shop has a point-of-sale terminal. It is electronically connected to a bank computer. When a consumer generates a debit card, the terminal transfers funds from their account to the seller’s account.