Why are Debit Cards accepted everywhere, but Credit Cards aren’t?

Question

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

Answer 1

Credit cards cost more for stores to accept and so a lot of stores don’t accept them because they would lose a lot of money