Accepting debit cards and accepting debit card processing provide benefits to healthcare providers.
Debit vs. Credit Cards
Debit card acceptance is generally interchangeable with that of credit cards, but there are significant differences between the two payment cards.
While credit cards offer consumers a loan of the card issuer’s money that allows them to buy now and pay later, debit cards are linked directly to the cardholder’s bank account, and an automatic deduction is made for each purchase made.
PIN debit cards require the cardholder enter a personal identification number at the point of sale to complete the transaction. Signature debit cards, such as credit cards, require the cardholder’s signature on the sales receipt to validate the purchase.
Benefits of Debit Cards
Healthcare providers that accept debit card payment cards benefit in a variety of ways: