There is a steady upward trend that people are now using debit cards to make their purchases than previously. Another sign is that a number of the banks are providing their customers using a check card that’s branded by a card institution. They are also currently looking to supply them with ones that are backed by a banking network, which will provide customers with flexibility about payment options.
A debit card doesn’t work the same manner for a credit card regarding the payment. When a debit card is used for any purchase, the sum of money spent is deducted from the cardholder’s bank account immediately. After the transaction is completed, Sometimes, the deduction may happen within a couple of days. Read more