Re: Debit card question

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Article #5708

#5708

From: Rod Speed
Date: Mon, 02 Jan 2006 19:11

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GregRo <webworm11@lycos.com> wrote:

> Debit card question

> In the US.
> Do to the lawsuit filled by wal-mart and others.

> Check Cards with a Master card or Visa symbol must be identified as a
> debit card.   The money comes from your checking or savings account.

> In the U.S. Merchants have the following choices
> Pin purchases only
> Signature debit purchases only
> Signature credit card purchases only
> or all of the above.

> My question
> Are they doing this worldwide or just in the US?

Certainly doesnt happen world wide. My Visa debit card
has no way for anyone to work out its a debit card, and
another one is a weird hybrid debit/credit card. While you
have funds in the account, it acts like a debit card. Once
the funds are gone, it acts like a credit card. No need to
transfer funds between accounts, there is just one account.
Had that for decades now.

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From: "Rod Speed" <rod_speed@yahoo.com>
Newsgroups: misc.consumers,ba.consumers,misc.consumers.frugal-living
Subject: Re: Debit card question
Date: Tue, 3 Jan 2006 06:11:20 +1100
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