Author Topic: Shopping carts at Aldi's....  (Read 3281 times)

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MrTango

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Re: Shopping carts at Aldi's....
« Reply #45 on: February 25, 2014, 04:39:24 PM »
You can choose at the register how you want to use the card, there are buttons on the machine or on-screen choices for 'Debit' and 'Credit' . There can be a limit imposed by the bank on how much you can process in a single transaction as a debit (I suppose to limit losses if it's stolen).


Edited for clarity.

Yes, I understand that - but how can one card operate presumably two accounts? Are both account details loaded onto the card somehow? How do the mechanics work?

A debit card here debits money from your current account.

A credit card adds the cost of the item onto a running balance which you then pay off at the end of the month (or whenever).

They're totally separate things.

Are they not, over there? Are they something different?

I have a "check card" from my bank that can be used as either a debit or credit (Visa) transaction.

When I choose to have it run as a debit card, I have to enter my PIN, and I'm usually given the option of requesting cash back.  The transaction shows up in my account statement and is labeled as a debit transaction.

When I choose to have it run as a Credit transaction, then from the store's perspective, it's as if I was using a Visa credit card.  If the amount of the transaction is above whatever threshhold is set by the store (and possibly part of their merchant agreement with Visa) I have to sign a receipt.  The transaction appears on my account statement and is labeled as a Visa transaction.

The advantage for me is that I can use the same card at any place that accepts Visa, and at any place that accepts debit cards (even if it doesn't accept Visa).
« Last Edit: February 25, 2014, 04:42:35 PM by MrTango »

perpetua

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Re: Shopping carts at Aldi's....
« Reply #46 on: February 25, 2014, 04:45:22 PM »
You can choose at the register how you want to use the card, there are buttons on the machine or on-screen choices for 'Debit' and 'Credit' . There can be a limit imposed by the bank on how much you can process in a single transaction as a debit (I suppose to limit losses if it's stolen).


Edited for clarity.

Yes, I understand that - but how can one card operate presumably two accounts? Are both account details loaded onto the card somehow? How do the mechanics work?

A debit card here debits money from your current account.

A credit card adds the cost of the item onto a running balance which you then pay off at the end of the month (or whenever).

They're totally separate things.

Are they not, over there? Are they something different?

I have a "check card" from my bank that can be used as either a debit or credit (Visa) transaction.

When I choose to have it run as a debit card, I have to enter my PIN, and I'm usually given the option of requesting cash back.  The transaction shows up in my account statement and is labeled as a debit transaction.

When I choose to have it run as a Credit transaction, then from the store's perspective, it's as if I was using a Visa credit card.  If the amount of the transaction is above whatever threshhold is set by the store (and possibly part of their merchant agreement with Visa) I have to sign a receipt.  The transaction appears on my account statement and is labeled as a Visa transaction.

The advantage for me is that I can use the same card at any place that accepts Visa, and at any place that accepts debit cards (even if it doesn't accept Visa).

Right, yes, I see now. It's more about which channel the store uses to process the card rather than "are you paying for this now or putting it on your credit card".

A credit transaction isn't the same thing as 'putting something on your credit card', it seems!

MrTango

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Re: Shopping carts at Aldi's....
« Reply #47 on: February 25, 2014, 04:49:55 PM »
A credit transaction isn't the same thing as 'putting something on your credit card', it seems!

That's it exactly. Sometimes, I'll say "go ahead and put it on my credit card" when I use my check card.  The merchant, who is simply running a transaction through Visa, has no way of knowing the difference between my check card and an actual credit card.  This is especially true for online transactions.

perpetua

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Re: Shopping carts at Aldi's....
« Reply #48 on: February 25, 2014, 04:52:21 PM »
A credit transaction isn't the same thing as 'putting something on your credit card', it seems!

That's it exactly. Sometimes, I'll say "go ahead and put it on my credit card" when I use my check card.  The merchant, who is simply running a transaction through Visa, has no way of knowing the difference between my check card and an actual credit card.  This is especially true for online transactions.

Right, but that's just a figure of speech, yes? Because you're not actually 'putting it on your credit card', ie, adding the cost of that item to the balance on your credit card account? Because that would seem impossible using a debit card from your current account, hence my confusion. I mean, the account numbers are different and everything, yes?

VorFemme

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Re: Shopping carts at Aldi's....
« Reply #49 on: February 25, 2014, 05:09:29 PM »
A credit transaction isn't the same thing as 'putting something on your credit card', it seems!

That's it exactly. Sometimes, I'll say "go ahead and put it on my credit card" when I use my check card.  The merchant, who is simply running a transaction through Visa, has no way of knowing the difference between my check card and an actual credit card.  This is especially true for online transactions.

Right, but that's just a figure of speech, yes? Because you're not actually 'putting it on your credit card', ie, adding the cost of that item to the balance on your credit card account? Because that would seem impossible using a debit card from your current account, hence my confusion. I mean, the account numbers are different and everything, yes?

I have PayPal linked to my debit card/ATM card.  I also have it set up as a credit card on PayPal (as well as a couple of REAL credit cards).  The card is the same one that I can use at the ATM, at the counter with the teller, or at a store - it is just handled slightly differently (debit means I need to enter the PIN to authorize the payment and using it as a credit card means that I sign).  The money is out of my account without a monthly invoice from the banking institution - it is on my monthly statement.
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MrTango

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Re: Shopping carts at Aldi's....
« Reply #50 on: February 25, 2014, 05:18:39 PM »
A credit transaction isn't the same thing as 'putting something on your credit card', it seems!

That's it exactly. Sometimes, I'll say "go ahead and put it on my credit card" when I use my check card.  The merchant, who is simply running a transaction through Visa, has no way of knowing the difference between my check card and an actual credit card.  This is especially true for online transactions.

Right, but that's just a figure of speech, yes? Because you're not actually 'putting it on your credit card', ie, adding the cost of that item to the balance on your credit card account? Because that would seem impossible using a debit card from your current account, hence my confusion. I mean, the account numbers are different and everything, yes?

Right.  Sometimes, putting something on the credit card literally means using a credit account to complete the transaction.  Other times, it just means to process a debit card as if it was a credit card (i.e. run my bank card through their computer as if it was a Visa card).
« Last Edit: February 25, 2014, 05:22:37 PM by MrTango »