In my experience, it doesn’t matter if you bank with a major bank, a small bank, a credit union, etc., your debit card is accepted everywhere. However, only some places will accept Visa or MasterCard or [insert credit card here].
Why are Debit Cards universal and Credit Cards aren’t?
In: Technology
Debit cards tend to be more versatile in that the request to your bank can be submitted under credit or debit at the vendors discretion. Credit cards have higher operation cost for business and are thus not accepted by companies with high overhead as the credit card companies charge a % of to total transaction price. Debit cards have lower access costs if any for vendors. Summary: it costs vendors more to run credit cards.
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