Merchant Account PIN Debit Explained:
What is PIN Debit? PIN Debit transactions occur when a customer slides his/her debit card through a card reading device and then enters a Personal Identification Number (PIN) to verify authorization of the sale. Merchants must be specifically set up by their merchant account provider to accept PIN debit transactions and will also need a pin-pad attached to their credit card terminal.
PIN debit transactions are considered one of the most secure forms of card payment because the magnetic strip of the card is swiped through a reader, a PIN is entered and the funds are immediately removed from the customer’s attached account. Since the potential for fraud is greatly reduced, the processing fees for PIN debit transactions are the lowest of all card/transaction types and are not subject to Interchange fees.
Copyright © CardPaymentOptions.com, Inc. (Digital Fingerprint:
0d38c6720f0d78a701b74d58653af608). Getting paid to re-write this page? Click here to earn a
Any unauthorized copying and reproduction of the content of this page, including all meta
data and computer code, is strictly prohibited. While the information in the above article
is believed to be accurate as of its publish date, the author and publisher make no
representation or warranties with respect to the accuracy, applicability, fitness, or
completeness of the contents. The author and publisher shall in no event be held liable to
any party for any direct, indirect, punitive, special, incidental or other consequential
damages arising directly or indirectly from any use of this material, which is provided “as
is,” and without warranties. Any and all use of trade names and/or marks are for
identification purposes only and shall not be construed as a claim of affiliation, or
otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. The sole purpose of the
material presented herein is to alert, educate, and inform readers. It is not intended as
legal or financial advice. We may earn revenue if you obtain services from a provider that
we recommend. See this page to learn how we support our operations.