USA scenario here: say I have a $2000 car repair bill and use my debit card.
Can’t be bothered to put in my pincode so I hit credit, payment goes through without pincode.
Why does the consumer have the option to pick here?
In: Other
The card you use as a debit card is *also* a credit card. Well, technically it uses the credit card processing network to process the transaction instead of the debit card network.
If you look at your debit card, you will see either Visa or Mastercard logo. That is the alternate processing network.
If you use this alternate processing, you and the merchant are agreeing to abide by those terms and conditions (ie Visa’s terms) rather than your bank terms for debit transactions.
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