# Debit card

- Canonical URL: https://www.gerhardmerk.de/debit-card
- Post ID: 590633
- Modified: 2023-07-25T21:00:52+00:00
- Language: en

## Definition

When cash is withdrawn from an ATM, the amount drawn is immediately debited from the account (pay-now principle).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). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 2.0.0