When your debit card is declined despite having the funds to cover the transaction, it could be something as simple as a wrong PIN or expired card, or it could mean that there was a security issue. For instance, your bank may have reason to believe that your identity has been stolen, in which case it will freeze all your cards and accounts until it's sure that you are the only one accessing the funds."}},"@type": "Question","name": "Can the bank find out who used my debit card?","acceptedAnswer": "@type": "Answer","text": "If your card was fraudulently used, the bank may be able to find out who used it. It all depends on how the card was used and if any identifiers were left behind. For example, an ATM or retail store may have a security camera to capture the person's image. Or, if the card was used online, an IP or shipping address may help to find out who used it.","@type": "Question","name": "How long does it take to refund a debit card purchase?","acceptedAnswer": "@type": "Answer","text": "Some card issuers are quicker than others, but you can generally expect to receive your refund within three to 10 days.","@type": "Question","name": "How do you dispute a charge on your debit card?","acceptedAnswer": "@type": "Answer","text": "The first step is to reach out to the merchant and ask them to refund the charge. If you are unable to reach the merchant or the merchant is unable to help you, then you should reach out to your bank. You can dispute charges online, on the phone, or by visiting a bank branch.","@type": "Question","name": "Is my PIN on my debit card?","acceptedAnswer": "@type": "Answer","text": "No, your PIN is not on your debit card. You're expected to remember your PIN or write it down in a secure location."]}]}] .cls-1fill:#999.cls-6fill:#6d6e71 Skip to contentThe BalanceSearchSearchPlease fill out this field.NewsletterSearchSearchPlease fill out this field.BudgetingBudgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps View All InvestingInvesting Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps View All MortgagesMortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates View All EconomicsEconomics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy View All BankingBanking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates View All Small BusinessSmall Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success View All Career PlanningCareer Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes View All MoreMore Credit Cards Insurance Taxes Credit Reports & Scores Loans Personal Stories About UsAbout Us The Balance Financial Review Board Diversity & Inclusion Pledge View All NewsletterFollow Us
Budgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps Investing Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps Mortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates Economics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy Banking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates Small Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success Career Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes More Credit Cards Insurance Taxes Credit Reports & Scores Loans Financial Terms Dictionary About Us The Balance Financial Review Board Diversity & Inclusion Pledge BankingChecking AccountsHow To Use a Debit Card Online and at an ATMByJustin PritchardUpdated on October 24, 2021Reviewed byMichael J Boyle Reviewed byMichael J BoyleMichael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics.learn about our financial review boardIn This ArticleView AllIn This ArticleHow To Use a Debit CardUse a Debit Card at an ATMUse a Debit Card OnlineUse a Prepaid Debit CardDebit Cards vs. Credit CardsFrequently Asked Questions (FAQs) Photo: Paul Bradbury / Getty Images
When your debit card is declined despite having the funds to cover the transaction, it could be something as simple as a wrong PIN or expired card, or it could mean that there was a security issue. For instance, your bank may have reason to believe that your identity has been stolen, in which case it will freeze all your cards and accounts until it's sure that you are the only one accessing the funds.
can debit cards be used for online purchases
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If your card was fraudulently used, the bank may be able to find out who used it. It all depends on how the card was used and if any identifiers were left behind. For example, an ATM or retail store may have a security camera to capture the person's image. Or, if the card was used online, an IP or shipping address may help to find out who used it.
By India Today Tech: Do you shop online? Most probably you do. It's great to shop online. There are good discounts, there is option of choosing from a wide range of products, there is option to compare easily and then there is the convenience of getting the good delivered to you. But when you shop online how do you make the payment? Is it cash on delivery or card? And if card, is it debit card or credit? If your answer is debit card, you need to stop doing so now.
Ideally, you should NEVER use a debit card to make purchases on the web. No, it's not that the online shopping is not safe. It is safe. It is actually safer than the regular offline payments that you make -- these too you should not make with a debit card -- but there is something called planning for contingency. Not using a debit card is such planning. It can save you from a lot of heartburn if something goes wrong, and something can always go wrong.
There are two reasons why you should not use debit card for online or offline purchases, even in India where we have chip and PIN cards and where online transactions require either an additional password or a PIN.
Both the debit card and credit card allow you to make purchases using e-transaction. But there is one big difference. The credit card has a limit on how much you can spend. The debit card doesn't come with such a limit. If you have money in your bank account, you can spend that using debit card.
In other words, what this means is that if your debit card gets compromised -- and you should always be vary of online frauds because they do happen -- you can potentially lose all the money you have in your bank account. In contrast, if your credit card gets compromised you will -- at worst -- lose all the credit that is available to you.
Debit cards are a way to pay for things. You get a debit card from your bank or credit union when you open a checking account. Sometimes a debit card is free to use. Sometimes you will pay a fee to use the card.
If your card isn't working, it could be for a few different reasons. You might not have activated the card, it could be expired, you could have entered the information incorrectly, or it may have been frozen due to suspected fraud. You also might not have sufficient funds in your bank account to cover the transaction."}},"@type": "Question","name": "Can I use a debit card online when it says credit card?","acceptedAnswer": "@type": "Answer","text": "There won't be any difference in how you enter a debit card or credit card online, and either one will usually work for online purchases. Although you won't have to enter your PIN or specifically select "debit" online, the money will still be withdrawn directly from your bank account."]}]}] .cls-1fill:#999.cls-6fill:#6d6e71 Skip to contentThe BalanceSearchSearchPlease fill out this field.NewsletterSearchSearchPlease fill out this field.BudgetingBudgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps View All InvestingInvesting Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps View All MortgagesMortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates View All EconomicsEconomics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy View All BankingBanking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates View All Small BusinessSmall Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success View All Career PlanningCareer Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes View All MoreMore Credit Cards Insurance Taxes Credit Reports & Scores Loans Personal Stories About UsAbout Us The Balance Financial Review Board Diversity & Inclusion Pledge View All NewsletterFollow Us
Budgeting Budgeting Calculator Financial Planning Managing Your Debt Best Budgeting Apps Investing Find an Advisor Stocks Retirement Planning Cryptocurrency Best Online Stock Brokers Best Investment Apps Mortgages Homeowner Guide First-Time Homebuyers Home Financing Managing Your Loan Mortgage Refinancing Using Your Home Equity Today's Mortgage Rates Economics US Economy Economic Terms Unemployment Fiscal Policy Monetary Policy Banking Banking Basics Compound Interest Calculator Best Savings Account Interest Rates Best CD Rates Best Banks for Checking Accounts Best Personal Loans Best Auto Loan Rates Small Business Entrepreneurship Business Banking Business Financing Business Taxes Business Tools Becoming an Owner Operations & Success Career Planning Finding a Job Getting a Raise Work Benefits Top Jobs Cover Letters Resumes More Credit Cards Insurance Taxes Credit Reports & Scores Loans Financial Terms Dictionary About Us The Balance Financial Review Board Diversity & Inclusion Pledge BankingChecking AccountsIs It Safe Debit Card Online?ByJustin PritchardUpdated on October 24, 2021Reviewed byEric EstevezIn This ArticleView AllIn This ArticleHow To Use a Debit Card OnlineBenefits of Using a Debit CardBenefits of Using a Credit CardLimits of LiabilityHow To Stay Safe Using Your Debit Card OnlineDebit Card ProtectionThe Safety of Online and In-Person ShoppingFrequently Asked Questions (FAQs) Photo: The Balance 2ff7e9595c
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