It's my debit card; it's issued through my checking account bank and is what I use to withdraw cash from my account at ATMs. But if I elect to use it as a "credit" card at the POS I don't use my PIN and I sign instead. And with the new regulations on overdrafts, it doesn't extend "credit" unless the consumer has specifically arranged with the bank for that to be permitted. So mine would disallow a purchase if the account didn't contain sufficient funds.
Oh. I'm not sure how using it at a PoS is "using it as a credit card", apart perhaps from the signing part (which in here is impossible with debit cards). I was thinking you meant using a credit card as a debit card, i.e. using it to pay for things electronically without ever using the "credit" part of it.
Yeah, I'm not sure either except there's a button you push to use it as "debit" or use it as "credit", but even if you use it as credit it's still pulling the money out of your account. The differences are the PIN/signature, that there are sometimes fees added by the bank if you've made it a "debit" transaction, and it used to be that you had to run it as "credit" to get the consumer protections offered by Visa/MC in case of fraud or disputed charges...but I don't think that's true anymore.
If you are from Betelgeuse, please have one of your Earth friends read what I've written before you respond. Or try concentrating harder.
"The trophy problem has become extreme."
"The trophy problem has become extreme."
Fed Proposes 12-Cent Max Fee On Merchant Debit Fees
- 17/12/2010 06:00:35 PM
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I'm a little iffy on this
- 17/12/2010 09:08:56 PM
462 Views
It may hurt consumers, it will hurt the banks
- 18/12/2010 06:03:40 AM
519 Views
I'd like to use credit cards more without feeling guilty that it's costing the business money. *NM*
- 20/12/2010 03:26:04 PM
217 Views
I'm so glad Visa and Mastercard are so worried about consumers, especially given THEIR tight budgets
- 17/12/2010 09:14:53 PM
625 Views
You do know Barney Frank (Democrat and major liberal and progressive) is against the change 
- 18/12/2010 06:18:37 AM
596 Views
- 18/12/2010 06:18:37 AM
596 Views
I didn't; guess that just means he's wrong. I fail to see how opposing this is progressive at all.
- 18/12/2010 12:49:36 PM
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It has nothing to do with being progressive, it has everything to do with his banker constituents. *NM*
- 20/12/2010 01:30:04 PM
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I figured, but, as you say, nothing progressive in that.
- 20/12/2010 02:44:47 PM
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I am just pointing out that Evil is not unique to a single political party
- 20/12/2010 06:56:29 PM
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It wouldn't be nearly as effective it it were; it's quite systemic, for a reason.
- 20/12/2010 07:46:29 PM
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Sounds good to me, but it does seem like a natural monopoly, so that competition idea... eh.
- 17/12/2010 09:37:20 PM
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Curious.
- 20/12/2010 07:02:05 PM
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True, that does amount to largely the same thing.
- 20/12/2010 07:12:27 PM
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I am not sure what the proper amount should be but there does need to be limits
- 20/12/2010 11:10:18 PM
628 Views