Debit (Online)

Online Debit Transactions — also referred to as PIN debit transactions — transpire when a customer utilizes a debit card and inputs a personal identification number (PIN) to authorize the transaction. The funds for this transaction are immediately deducted from the customer’s bank account, ensuring real-time verification of the available balance.

Typically, online debit transactions are processed via an electronic funds transfer (EFT) network. This type of transaction requires the presence of a PIN pad at the point of sale, which provides a secure platform for the customer to input their PIN, further fortifying the transaction’s security.