Debit is not equal to Credit

Today went to work as usual full shift.. sian..cashier.. so damn busy.. i was allow to chose whether to take counter 1071 or 1072.. 1071 will have to eat at 11am and 1600pm..which i think too early for me..so i chose 1072 which i have to eat at 1500pm and 2000pm..

Met my adik ard 2010pm.went lapeking.. hahas.. that was my dinner break..didn't eat..not hungry..but brought drink..was talking to my adik.. alot of stuff..

today something happen.. a customer came to our store and wanted to get a INSTALLMENT for the besta thingy.. but he wanted to get a installment using debit card..and i try explaining to him..it is not a credit card.. it is a debit card.. ok so this is for him..

A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to cash when making purchases.

Functionally, it is similar to writing a check, as the funds are withdrawn directly from either the bank account (often referred to as a check card), or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.[1]

[2]The use of debit cards has become wide-spread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases.

Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card. Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase.

For consumers, the difference between a "debit card" and a "credit card" is that the debit card deducts the balance from a deposit account, like a checking account, whereas the credit card allows the consumer to spend money on credit to the issuing bank.

In some countries: When a merchant asks "credit or debit?" the answer determines whether they will use a merchant account affiliated with one or more traditional credit card associations (Visa, MasterCard, Discover, American Express, etc.) or an interbank network typically used for debit and ATM cards, like PLUS, Cirrus (interbank network), or Maestro.

In other countries: When a merchant asks "credit or debit?" the answer determines whether the transaction will be handled as a credit transaction or as a debit transaction. In the former case, the merchant is more likely than in the latter case to have to pay a fee defined by fixed percentage to the merchant's bank.

In both cases, the merchant may have to pay a fixed amount to the bank. In either case, the transaction will go through a major credit/debit network (such as Visa, MasterCard, Visa Electron or Maestro). In either case, the transaction may be conducted in either online or offline mode, although the card issuing bank may choose to block transactions made in offline mode. This is always the case with Visa Electron transactions, usually the case with Maestro transactions and rarely the case with Visa or MasterCard transactions.

In yet other countries: A merchant will only ask for "credit or debit?" if the card is a combined credit+debit card. If the payee chooses "credit", the credit balance will be debited the amount of the purchase; if the payee chooses "debit", the bank account balance will be debited the amount of the purchase.

The above source are taken from www.wikipedia.com

So now do you UNDERSTAND?

Worst than a kid man..

hmm.. then his relative came down with a credit card.. the besta STAFF.. never esplain properly.. they only accept DBS credit card.. and somehow the customer scolded my HOD.. not fair.. it's their explaination not clear..and it's not OUR fault.. Stupid.. BAKA..

Posted in: Debit card