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
To answer your question it’s kind of a relic.
Originally you would have a specific ATM card you would use when you needed to get money. It wasn’t uncommon for banks to not reciprocate each others machines and it was a hassle.
When debit cards were introduced being able to use as credit was a perk (and potentially a byproduct) but it also introduced the ability to get cash back when making a purchase.
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