Signature Debit Definition

Merchant Account Signature Debit Explained:

What is Signature Debit? Signature Debit transactions occur when a customer uses a debit card for a purchase but does not enter a PIN number, instead signing for the transaction like a credit card. Merchants do not need additional services or equipment to accept signature debit transactions because they process like a credit card through their associated card brands (Visa, MasterCard, American Express, etc.). Signature debit transactions are subject to the same Interchange fees as credit cards and therefore have higher processing fees than PIN debit transactions.

About The Author

Phillip Parker

Phillip Parker is an independent digital payment consultant specializing U.S. and Canadian point-of-sale, ecommerce, and mobile payment acceptance. He has nearly two decades of experience in card payment services, both as a former merchant services sales representative and as a professional journalist covering the payments industry. Phillip created this website and has written over 1,000 articles regarding all things payments. He has also researched and published reviews about nearly every payment services provider and processor. In addition his contributions here, Phillip has also been quoted in several major publications such as The Los Angeles Times, INC Magazine, Miami Herald, Computer World, and numerous others.

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In the podcast below, Phillip explains how credit card processing and credit card fraud affects business owners. If you would like to interview Phillip for your story or podcast, please reach out here.

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Phillip Parker