[Chase Paymentech] What are debit cards?

Debit cards are another payment method.
When goods or services are purchased with a debit card, the funds are removed from the customer’s checking account.
In addition to standard ATM cards, many banks also issue Visa® Check Cards and/or MasterCard® Check Cards - both of which can be used at the point of sale or online.
For More information, see our Debit Card page.


Debit is most popular in the 25 – 40-year-old segment of the population.
Accepting debit cards costs less to the merchant than other types of payment.
In addition, PIN debit fraud is lower than any other method of payment, thereby, more than justifying the cost of “PIN pad” equipment.
The consumer trend over the past several years has been to pay with personal bank funds as opposed to lines of credit, and this trend is expected to continue.


65% of all payments in the United States today derive from the use of a debit card.


See also: