Answer
A debit card is that mode of payment through which whenever a debit card holder makes the payment, the said amount of money is electronically deducted from the concerned payment’s bank account.
Work Step by Step
A debit card is considered as the very convenient mode for the purpose of making online payments.The debit cards of the users are somewhat connected to their respective bank account.
Thus, whenever a user makes a payment, the amount paid is automatically deducted from the concerned person’s bank account in an electronic mode. These cards came into the existence during the period of mid of the 1970s.
If the sufficient amount of money is not available in the user’s bank account to make a particular payment, he cannot process the amount of payment. Debit cards are meant to offer convenience to its users in terms of making payments through it and the ability to run up the debt associated with credit cards at the same time.
