Sunday, August 9, 2009

The discrimination against the Debit card holders.?

Request to confirm the logic behind the encouragement and discounts being offered only on credit cards and not on debit cards. Infact the debit cards should be more reliable and trust-worthy. Also the airline companies and even some shop-keepers always try to avoid or do not allow purchases on a debit card. What%26#039;s the benefit of a shop-keeper other than the card company in this transaction. Can we raise our voice against this discrimination?



The discrimination against the Debit card holders.?debt consolidation loan





Are you talking about an access card? not a debit card. Debit cards look just like Visas no one would be able to tell it was only using your money.



I think maybe the system is not setup for access cards, it would be too hard to connect them all if you had to trace something. Like if I went overseas with a visa, visa is linked all over the world a large worldwide company, so they can access my details, but my small bank at home is that only small and would not be able to afford a share in a worldwide project.



Also most place require extra proof of income when getting visa, so they can be seen as more trust worthy because you have proven you can pay.



I suggest get a debit card, be smart (like it sounds you are) and use your own money, not someone else%26#039;s and never tell a soul. :)



The discrimination against the Debit card holders.?

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It%26#039;s not discrimination, it%26#039;s business.



Debit cards are ATM cards, and use different networks than Credit cards. You punch a pin.



Lately, they have been making dual-use VISA/MasterCards. These cards can be used over the credit or debit networks to get money from your checking account. Although the end result is the same (checking account balance goes down), they use different networks and technologies.



To accept a credit transaction, the seller only needs a card-swiper or simpler machinery. To accept debit, they need a PIN pad device.



The seller also pays fees every time you swipe your card, and the fees are different. It may be that the debit transaction costs the vendor more.



If you want to make sure your money is accepted, only cash will do that (legal tender laws). Otherwise, a vendor is under no obligation to take alternative payment, and this is not discrimination. If they won%26#039;t take your money because they don%26#039;t like your beard, that%26#039;s discrimination.



--%26gt;Adam

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