Accept Debit cards

A seller, vendor or a business man needs to accept debit cards as a mode of payment as it is one of the most commonly used mode of payment. A debit card is a convenient form of making a payment without carrying cash with you. It is a service extended by your banks in which you have an account. They provide you with cards which are called debit cards. These cards enable you to make a payment to any vendor who has a well established system which enables them to accept payments in modes other than money. They can accept debit cards and credit cards as a mode of payment.

The main difference between these two cards would be credit. In case of credit cards, the customer is actually purchasing a product on credit, where he buys now and pays later. Here the financial institution which has provided the credit card makes the payment to the vendor and the buyer pays it to the financial institution later when the bills are generated at the end of the credit period. The credit period would range from 30– 45 days depending upon the offers available through the banks or financial institutions. Here the customer pays a service charge as well as interest to the bank or financial institution. And the vendor also has to make a payment in order to avail of a merchant account or a third party processing account which will enable one to accept these cards and this could be for both accepting debit cards as well as accepting credit cards.

However, in case of a debit card, the customer is not taking any credit and using his own money. He can use money that is available in his bank account and shop by using the same in the form of a debit card. Since it is just an extension of the bank account and he is using his own money, he is not paying any interest. The Vendor has to have a similar merchant account which enables him to accept debit cards as he does in case of credit cards.

Hence, it is essential to accept debit cards in order to get business. Even in an online business or online trade, it is more essential to accept debit cards as compared to any other businesses as they can be easily used to make a payment when there is no direct face to face communication.

Return to index

Request a Quote High Approval Rate
Business Name:
Contact Name :
Why Ignite Payments?
  • NO Setup Fees!
  • Competitve Rates
  • 5 Minute hassle-free application!
  • High Application Approval
  • Fast Approval time
  • FREE* Shipping & Handling
  • Customer Service 24/7
Top Rated Merchant Account Provider for over a Decade
What our client says
I was totally confused about opening up a merchant account until I visited "Ignite Payments' website". I called and somebody picked up immediately. It was nice having someone to talk too and guide me in the right direction. They made the process quick and painless with NO headaches. I highly recommend this company.
Marc Simmons
MSI Construction
These materials were prepared by CardConnect Paradise, an independent sales agent for CardConnect, LLC. All trademarks, service marks and trade names referenced in this material are the property of their respective owners. CardConnect, LLC. is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. CardConnect, LLC is a registered ISO of Deutsche Bank, USA, New York, NY. American Express may require separate approval. CardConnect LLC. is a contracted reseller of the Clover™ Solution. This web page or Web site is not an official page of Clover Network Inc., First Data, its subsidiaries or affiliated business. *Promotional offer brought to you by AI, INC. restrictions apply call for details
Copyright © 1988- 2017 AI, Inc All Rights Reserved.