They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
the second word. here we differ these term by debit and credit when cash receipt then amount field is +ve as on debit and in cash payment it will be -ve as on credit and reverse for opposite .
credit means where we purchase any product are any items without cash and pay cash with in time of the month debit card means the cash of in our account where we want withdraw any where any time and buy any thing cash no credit
A debit card allows to draw out only as much cash as you currently have.
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
A cash card isn't connected to a bank account ( apex) Hopefully I worded it correctly
debit card the card holder uses the balance of his or her own account in bank and make immediate payments while purchasing. smart card it can be used as a cash where accepted
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
Can a cash advance be deposited on a prepaid debit card?
No
A debit card - is a form of electronic cash. A credit card - is essentially a loan. The main difference between the two is - Debit card transactions are instant, and the value of the transaction is taken from the account immediately. Credit card transactions don't become due on the account until the next statement is prepared - and even then, you don't have to pay the balance in full.
DEBIT
A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.
In simple terms - a debit card is 'electronic cash'. You can only pay for things with a debit card as long as there is enough money in the account that's linked to it. Once the cash is spent, the card will be rejected.
A loan off of debit card like credit card cash advance? Yes
Of Course you can transfer money from credit card to your debit card.Direct transfer is not available from credit card to bank but you can get money over cash against credit card.It's very simple that you need to swipe your card and get funds in your debit account. Call us: 7299927000 UNIK Solutions