Debit Card Payment Processing 101

The debit card payment process is something that a lot of people – especially the big shoppers and consumers out there (you know who you are) – might already be familiar with to some degree, but there are a few important details about the debit card payment process that differentiate it from other varieties of electronic card payment formats, and these are details that you should know and understand. Most like credit card payment transactions, the debit card payment process still has approval or decline, and hopefully, verification of identity.

The debit card payment process can be divided into two basic kinds: an offline (or signature-based) process and an online (pin-based) process. In the offline variety of the debit card payment process, they must be Mastercard or Visa, and processed much like credit cards are processed. For online processing (PIN-based), it’s a different story.

To transact and get your happy customer or client on his or her way, your hardware must interface with the payment network, typically taking only about three or four seconds. Your patron’s information is transmitted across this network to their bank where the provided account lives. This account is checked to verify that the funds are available, and if they are, the transaction is approved – the approval being transmitted back across the same payment network.

This is also perhaps very different sounding from what you’re used to doing and are familiar with regarding the use of a point-of-sale (more commonly known as a POS) terminal from the consumer side of things, with the exception of, of course, entering your personal identification number (PIN) to get information for the bank to approve your purchase – sometimes even awkwardly smiling at the cashier as you whip out your driver’s license, on occasion.

Have any more questions, comments, or concerns regarding the debit card payment process? If you would like to sign on for affordable, top-notch debit card payment processing or other varieties of electronic card payment processing, get in touch with one of our representatives today at the number at the top of the screen, and you’ll be able to arrange the optimum debit card payment processing plan for your specific business needs. See why so many of our clients have stuck with us throughout the years, and why they’ve experienced a level of success that they might have never thought possible. At VPS, we have everything you need to accept all forms of payment from your customers and clients, opening the door to profitability and a better future!