Payment Card processing...

[Former Member]

Hi all ,

Can please someone explain me the difference in the payment card processing when the card is a

1. debit card and

2. Credit card...

Please explain me in brief....

thanks

[Lakshmipathi]

Dear Om Sairam

When Credit Card is used for purchasing goods and services with regular billing, the credit limit can be extended

When Debit Card is used, it is nothing but cash payment where the cardholder's bank account is debited instantly.

thanks

G. Lakshmipathi