Talk:Debit card
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[edit] Merge
EFTPOS and debit cards seem to be the same thing in most respects. Reading these articles is appears that all EFTPOS transactions require a card, and that the card is virtually always called a debit card! The exceptions are few if any. The biggest exception is the US and their slightly antiqated banking system. However if you read the websites for Maestro and Visa (both US companies) they refer to them as debit cards.
The article could be sucessfully merged quite easily and simply include a list of country differences for names and interbank systems etc. The overall principle is the same! simonthebold 17:28, 2 October 2006 (UTC)
Those in favour say aye:
- "However if you read the websites for Maestro and Visa (both US companies) they refer to them as debit cards."
- I'm not sure what you mean. At least in Sweden, Maestro is always a normal debit card, just like VISA, VISA Electron and MasterCard.
- "EFTPOS" sounds like the kind of thing that is known as "J-Debit" in Japan, where you use a "cash card" from a Japanese bank together with your four-digit PIN code. "Cash card" is the Japanese word for "cash dispenser card". When using J-Debit, your bank account is charged immediately. There is a lot of information about this on the Japanese page for debit card. (Stefan2 13:58, 3 October 2006 (UTC))
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- Go Ahead, Merge It
- EFTPOS is the same as a debit card, but can be seen as a localised brand or name which operates amongst numerous or all retail banks in a particular country (for example in Australia, NZ and other countries mentioned on the EFTPOS page).
- The same system goes by different names in other countries, for example in Singapore it is called NETS.
- Having a separate article for EFTPOS is misleading, as is the section of "EFTPOS in particular countries" which gives an impression that such a debit card system is only used in the countries mentioned, when it is actually used in a large number of countries with a medium to high per capita GDP (Even Indonesia with a low per capita GDP of $3,600 (compared with $30,300 in the UK) has various debit card/EFTPOS systems for individual or groups of banks, but no one single national system as in most Western countries and Singapore etc).
- Hence EFTPOS should be merged into the Debit Card article as a "debit card brands and national systems around the world" or something to that effect. Someone can take on the interesting challenge of identifying a lot of those systems, and thus improve the "country neutrality" of this article at the same time.
- Troy88 05:14, 18 October 2006 (UTC)
Merge completed as no dissenting voices. simonthebold 23:12, 23 October 2006 (UTC)
[edit] Questions
Visa has something called a "check card", is this the same thing as a secured credit card? it's tied to a chequing account and any purchase is treated as a withdrawal from that account
No, with secured credit cards money deposited must remain untouched. It acts as collateral and defines your credit limit.
The Visa check card is a debit card. They named it a check card to make it sound original and stir up additional interest.
How long has a debit card been around for, when were they first introduced?
In this article, it says "stored-value cards are generally anonymous", while in the article on stored-value cards, it says, "Stored value credit cards are usually not anonymous." Which is correct?
- It depends on the origin of the card. Generally, cards issued by stores (like gift cards) are anonymous and transferable, while cards like Visa Buxx and the American Express gift cards are issued in the recipient's name and are not transferable. It looks like the stored-value card article has already been edited to reflect this. -lee 07:25, 7 August 2005 (UTC)
In connection with measurement of international remittances by individuals using Stored Value Cards (SVC), which have "collective accounts" with sponsoring banks, is it possible to distinguish debits from such collective accounts from withdrawals using individual accounts with banks and other depository institutions, such as might be made by tourists and business travelers? e.g., using information on the magnetic stripes such as the Primary Account Number (PAN) of the account that is charged in such transactions?--JohnFWilson 19:07, 25 December 2006 (UTC)
[edit] Online purchases?
I'm British, and places such as amazon.co.uk are quite happy to accept debit cards for online purchases. However, a Canadian friend tells me that amazon.ca will not accept them (or much else, but that's by the by). I'm assuming that this is because of the "online cards only" provision Canada has, but there's nothing in this article specifically dealing with internet purchases so I'm not certain. Loganberry (Talk) 03:37, 16 October 2005 (UTC)
- I have never had any trouble using my Swedish debit card (of VISA brand) at Amazon.ca. Maybe he meant that they instead block certain card brands? For example, VISA Electron and Maestro aren't issued by Japanese banks, and so they are not accepted for purchases in any Japanese store, including web shops. Cash dispensers still have to accept them (if they accept international VISA/MasterCard cards, which most of them don't) because of VISA's and MasterCard's policies. (218.228.195.44 09:33, 27 October 2006 (UTC))
[edit] Bank card?
I've lived in Western Canada my entire life, and I've never heard of the phrase "bank card". "Debit card" is the only term I've ever heard or used. —The preceding unsigned comment was added by 216.240.204.82 (talk • contribs).
- A Google test, restricted to .ca sites, gives 249,000 hits for "debit card" [1] but only 23,900 for "bank card" [2]. On the strength of that, and your own experience, I'm going to change "more commonly" to "sometimes" in the "Canadian experience" section. Loganberry (Talk) 23:45, 6 June 2006 (UTC)
[edit] Country Variations
Just a note to say that I think this article has quite a few country by country variations (as do some of the related topics), and it seems quite difficult to write 'country neutral' details. Probably not worth splitting them out, but the details need to be carefully worded to avoid being incorrect for some places. Ben 20:09, 12 June 2006 (UTC)
[edit] Payment options
This article states that you may sometimes choose between "debit" and "credit" in some countries. In Japan people will ask if you want to pay as "ikkaibarai" (= "pay at once"; sometimes also called "ikkatsubarai") or "kurejitto" (= "credit"; sometimes also called "shin'yō"). Is this the same thing as the credit/debit question? Japan doesn't have VISA/MasterCard/JCB debit cards (only credit cards), so that's why I'm confused.
When using my Swedish VISA debit card with any of the mentioned payment options, the shop makes a reservation on my bank account statement (making the money unavailable for me on the bank account) for a week, and then charges the money from my VISA card a few weeks later. After the reservation has disappeared, and before the card has been finally charged, the money is again available on my bank account for some time. So far, there hasn't been any difference whatsoever in the way I'm charged for the payment, regardless of which payment option I select.
I have only been asked to use my PIN code twice while in Japan, and it only worked once, although I have been able to use my PIN code a lot of times while in Sweden and Denmark. (Stefan2 13:44, 3 October 2006 (UTC))
- I wrote: "Japan doesn't have VISA/MasterCard/JCB debit cards (only credit cards),"
- Today I found out that the Japanese post office just has introduced what they call "Japan's first VISA debit card". So apparently there are VISA debit cards in Japan. But that doesn't change the question: the thing they ask about in the shops is related to credit cards. (Stefan2 15:15, 7 October 2006 (UTC))
[edit] History?
Would someone kindly write up the history and background of a debit card, when they were first invented and when they were first used, etc.
[edit] Netheralands section
It says:
- Credit cards use in The Netherlands is very low, and most credit cards cannot be used with EFTPOS, or charge very high fees to the customer. Furthermore, debit cards can be used in the entire EU for EFTPOS, and most debit cards are Cirrus cards.
My Swedish debit card (VISA) usually isn't accepted in the Netherlands, despite it being a debit card. It seems that they do not check whether the card is a debit card or not, but instead look at the card brand, and usually only accept credit and debit cards of the Maestro brand. But someone with more knowledge on this topic needs to confirm this before anything is changed on the article page. (218.228.195.44 09:40, 27 October 2006 (UTC))
[edit] France section seems out of place
Shouldn't the long paragraph on France, currently in the introduction, be amongst the list that is organised by country?
[edit] bopo
i would like to see a section, or even a new article on Bopo -[3], an Australian prepaid VISA debit card. Jasewase 12:17, 20 March 2007 (UTC)
