Credit vs Debit
Credit or Debit ? According to blog.credit.com; Debit and credit transactions are processed differently: Here’s how MasterCard explained it in an emailed statement to Credit.com: Debit and credit transactions are processed differently: Here’s how MasterCard explained it in an emailed statement to Credit.com: When you use a debit card and your PIN (personal identification number), the transaction is completed in real time, also known as an online transaction — you authorize the purchase with your PIN and the money is immediately transferred from your bank account to the merchant. With a credit card, or using a debit card as credit, it’s an offline transaction.