{"id":4490,"date":"2013-04-03T00:31:34","date_gmt":"2013-04-02T16:31:34","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=4490"},"modified":"2014-08-06T14:58:05","modified_gmt":"2014-08-06T06:58:05","slug":"debit-card-what-is-it-how-does-it-work","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/debit-card-what-is-it-how-does-it-work","title":{"rendered":"Debit Card: What Is It And How Does It Work"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4517 aligncenter\" alt=\"Debit card image\" src=\"\/articles\/wp-content\/uploads\/2013\/04\/shutterstock_126498230.jpg\" width=\"320\" height=\"193\" \/><\/p>\n<p>If you\u2019re looking for a financial instrument that enables cashless transaction just like a credit card but simultaneously allows you to manage your finance better, a debit card could just be what you\u2019re looking for.<\/p>\n<p>For those who are unfamiliar with the mechanics of a debit card, here are some basic information that could help you better understand this increasingly popular card facility.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-to-use-it\"><\/span><strong>How to use it?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>When you receive card, you will be handed a Personal Identification Number (PIN). You need to secure your card with a hard-to-crack PIN and keep it private.<\/li>\n<li>Once your card is activated and you want to make a purchase; simply swipe your card at the cashier just like a credit card. For the record, most stores and outlets in Malaysia now have this facility.<\/li>\n<li>Lastly, keep the receipt for your personal record.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ways-to-make-a-transaction\"><\/span><strong>Ways to make a transaction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you use your card for a transaction, there are two ways to complete the process \u2013 authenticating it with your signature, or keying in your identification number.<\/p>\n<p>The signature method works exactly like your credit card. Basically, you swipe the card through a terminal and sign a receipt. Currently, this is the more common way that debit card transactions are being accepted by merchants.<\/p>\n<p>The PIN-based method, on the other hand, requires you to enter your identification number using a protected Pin-Pad. A correct PIN immediately authorises the payment and the transaction takes place. No signature is involved using this method.<\/p>\n<p>If you\u2019re wondering which way is better to pay with your card, there are really no correct answers. Generally, numeric password transactions are considered more secured, but signature-based transactions are more commonly used at retail outlets in Malaysia.<\/p>\n<p>Regardless of the method of payment, you are still advised to be vigilant when it comes to protecting yourself against fraud: If you use a PIN, make sure you\u2019re the only one who knows the numbers. If you use a signature, try to use a more complex signature.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Love-this-article-You-may-also-wish-to-read-about-the-key-differences-between-a-debit-card-and-a-credit-card\"><\/span><strong>Love this article? You may also wish to read about <a href=\"\/articles\/debit-card-vs-credit-card\/\" target=\"_blank\">the key differences between a debit card and a credit card<\/a>.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re looking for a financial instrument that enables cashless transaction just like a credit card but simultaneously allows you to manage your finance better, a debit card could just be what you\u2019re looking for. For those who are unfamiliar with the mechanics of a debit card, here are some basic information that could help&#8230; <a class=\"view-article\" href=\"https:\/\/www.imoney.my\/articles\/debit-card-what-is-it-how-does-it-work\">View Article<\/a><\/p>\n","protected":false},"author":1,"featured_media":4517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,241],"tags":[],"class_list":["post-4490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cards","category-debit-card"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debit Card: What Is It and How Does It Work<\/title>\n<meta name=\"description\" content=\"A debit card enables cashless transaction just like a credit card but allows you to manage your finance better. Find out more at iMoney.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/debit-card-what-is-it-how-does-it-work\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debit Card: What Is It and How Does It Work\" \/>\n<meta property=\"og:description\" content=\"A debit card enables cashless transaction just like a credit card but allows you to manage your finance better. 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