A card that draws directly from the cardholder's bank account. Debit interchange is regulated and usually lower, and debit can often be routed over cheaper networks to save money.
Why it matters for your business
Terms like Debit card aren't just jargon — they sit behind what you actually pay to accept payments. Understanding them is the difference between reading your statement and being at the mercy of it. If you're not sure how this shows up in your own costs, the fastest way to find out is to have someone read your statement line by line.
See what you're really paying →Related — Cards & Networks