Debit cards may bear the name of a major credit card company, but they are not credit cards. These cards are linked to the bank account of the cardholder directly. Sufficient funds must be available to cover the transaction.
Debit card processing occurs in two ways: the merchant can have the customer enter their personal identification number(PIN) number on a PIN pad or the merchant can swipe the card just like a credit card. If the debit card PIN is captured, the merchant pays a transaction fee instead of the qualified credit card rate.
Simple Solutions for Debit Card Processing
Veritrans can set up your merchant account and equipment to process both credit and debit cards. Don’t quite understand the difference in processing debit cards? We can help you understand the difference in the two types of processing and the fees associated with each type of transaction.
Veritrans account representatives will walk you through how the processing works, the machine options and provide training for your staff. We’ll answer all your questions and show you the benefits of offering debit card processing to your customers.
Contact Veritrans today to learn how you can integrate debit card processing into your business plan without the hassle of a long-term contract or unwanted hidden fees. Call us at 1-866-474-4144 or email info@veritransllc.com for a free, no-obligation review of your business needs.
