TTervooren wrote:I am new at this forum, and I hope it is ok to post a question about debit cards here.
I have a miles earning debit card that only earns miles on "credit" transactions.
Question 1: If I buy something online that does not take a signature or a pin, how do I know if it is a "debit" or "credit" transaction?
Question 2: There is a bank that will let you open a checking or savings account and let you fund it with a credit or debit card. If I use my debit card and tell them it is a credit card, can they tell or will it post as a "credit" transaction? Would appreciate any thoughts on this. thanks.
In general, if you are not asked for a PIN, then the transaction will be processed as a credit transaction.
That said, there is an emerging concept of a PIN-less debit transaction, but their use is restricted, for obvious reasons. See this link from a transaction processing company:Pinless Debit Transactions | Pin Based Debits
I would say that you can be confident that your transactions are running through as credit transactions, unless the institution accepting the card either (1) asks for a PIN or (2) makes it very clear that this is running through as a PIN-less debit transaction.