When cash is withdrawn from an ATM, the amount drawn is immediately debited from the account (pay-now principle). Compared with credit cards, debit cards involve lower or no fees for the cardholder and for the merchant. – See chip card, counterfeit card, money, electronic, ATM blocking, cash card, credit card, ticketing, electronic. – Cf. Deutsche Bundesbank Monthly Report of December 2006, p. 94 et seq. (presentation of electronic payment methods; overviews), ECB Monthly Report of January 2012, p. 83 et seq. (debit cards gaining in importance; overviews).
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