![]() ![]() What is debit card processing?ĭebit card processing is the series of steps that occur between a customer using their debit card to make a payment, and the payment actually being processed and deposited into the merchant’s bank account. ![]() We will start with exploring the bigger picture of just what debit card processing is. We’ll dive into what debit card processing is and how debit card payment processing works, exploring the basics of debit card online processing–including debit card processing time and the fees often associated with debit card processing–showing the differences between debit and credit processing, and finally outlining the advantages of debit card processing over ACH. We’ve created this guide to help business owners better understand just what goes into the process and how to best navigate. Though debit card processing may seem like common sense, there is actually some amount of nuance and complexity to accepting debit cards. 28% of all payments made are done with a debit card. Processing debit cards is something every business has to do, and likely does do on a daily basis. Many businesses today need to know how to understand and implement both debit and credit card payment processing. And though credit cards are a popular payment method, many people choose to use debit cards to make payments. Instead, with convenience and speed in mind, most people pay in person and online with a card. Modern consumers rarely keep actual, physical cash on hand these days. ![]() Advantage of debit card processing over ACH payment.The difference in debit card processing and credit card processing. ![]()
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