How Does Debit Card Processing Work For Merchants?

Описание: As of now, debit cards are the payment method of choice for 67% of consumers. So let’s take a look at the ins and outs of debit card processing and the fees that are involved, so you can learn how to maximize revenue on every transaction.

Debit card processing is different from credit card processing in many ways. For one, the fees are lower so you can afford to accept debit cards for smaller transactions. However with debit cards, consumer spending is limited to the money already in their bank account, which means there will always be customers who shop with credit cards out of necessity.

You will also need a debit card processing machine. The good news is you can process debit cards with the same POS system, smart terminal, or standard terminal you use to process credit cards.

Still have questions? Read more in our blog post linked below, which includes further detail on things like average debit card processing fees and understanding different payment options: https://paymentdepot.com/blog/debit-c...

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