Online Payments Glossary
D
| Term | Definition |
|---|---|
| Debit Card |
A Debit Card is similar to a Credit Card except there is no line of credit instead purchases are automatically deduced from the cardholder's account. Visa and MasterCard both offer debit cards through financial institutions. |
| Decline |
This is the term used to describe the denial of an authorisation request. Reasons include insufficient funds or suspicious activity on the card. |
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