Online vs. Offline Debit Transactions

Online vs. Offline Debit Transactions

Debit transactions are generally processed online or offline. To authorize an online transaction, a customer must submit a personal identification number, or PIN, at the point of sale. With an offline transaction, the customer completes the sale by signing their receipt. Both are legitimate debit transactions that businesses can use. Here’s a look at the pros/cons of online vs. offline credit card transactions: The Difference Between Offline and Online Payment … Continue reading “Online vs. Offline Debit Transactions”

The Impact of the COVID-19 Outbreak on Digital Payments

The Impact of the COVID-19 Outbreak on Digital Payments

Before the COVID-19 outbreak, digital payments involved swiping or inserting the card into a credit card machine so it could read the chip. After the pandemic started to spread, the impact of the COVID-19 outbreak on digital payments presented new challenges for businesses to limit contact with credit card and debit card terminals. Contactless Payments Grew One noticeable change was that more and more merchants upgraded their payment processing equipment … Continue reading “The Impact of the COVID-19 Outbreak on Digital Payments”