International Debit Cards Rule

The international debit card is now the new authority in electronic payment transactions. It can be used for shopping, ATM transactions, cash withdrawals, and immediate banking. Around 80% of Americans now hold international debit cards and they now rival cash, checks and credit cards as the chief form of payment. With the international debit card, you are using your own money and not the issuer’s money.

International debit cards are also known as check cards. International debit cards look like credit cards or ATM cards, but act as cash or personal checks. International debit cards are said to be better than credit cards in the sense that they are a way of paying now and not paying later. When you use a debit card, your money is quickly debited from your checking or savings account.

International debit cards are accepted almost everywhere, including grocery stores, retail stores, gasoline stations, and restaurants. You can use your card in any establishment that has the brand name or logo of your card displayed. They are a better alternative to carrying cash or checks.

You might not even realize that you are already an international debit card holder. It has become common for banks to replace their standard ATM cards with upgraded ATM cards that have debit features. You may also receive via mail what you may think is a credit card but is actually an international debit card.

International Debit Card and Credit Card Compared
The main difference between international debit cards and credit cards are the same as the difference between debit and credit. Credit means add while debit means subtract. When you are using an international debit card the cost is deducted from your own bank account while when you are using a credit card you are adding to your liability to the issuer. Using an international debit card is just like having a quick transaction between you and the merchant.

When it comes to liability, one may say that credit cards are riskier as they tempt overspending that may lead to the holder having more debt than he can handle. The monthly fees are also quite hefty and material.

Things to Know About International Debit Cards
1. Obtaining a debit card is often easier than obtaining a credit card.

2. Using a debit card instead of writing checks saves you from showing identification or giving out personal information at the time of the transaction.

3. Using a debit card frees you from carrying cash or a checkbook.

4. Using a debit card means you no longer have to stock up on traveler’s checks or cash when you travel.

5. Debit cards may be more readily accepted by merchants than checks, especially in other states or countries wherever your card brand is accepted.

6. The debit card is a quick, “pay now” product, giving you no grace period.

7. Using a debit card may mean you have less protection than with a credit card purchase for items which are never delivered, are defective, or were misrepresented. But, as with credit cards, you may dispute unauthorized charges or other mistakes within 60 days. You should contact the card issuer if a problem cannot be resolved with the merchant.

8. Returning goods or canceling services purchased with a debit card is treated as if the purchase were made with cash or a check.

Get the 2-GetCash international debit card now. It is an offshore debit card that will provide you all the benefits of a debit card while at the same time keeping your money safe from being frozen.

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