Types of Debit card :

Previously we discussed about Debit Processing, now we can see about types of debit cards:

Virtual Debit Cards

These cards help in tracking the fake activities that are done online. It is suitable for people who wants to make online purchase separate from their credit or debit card. These cards do not have any physical presence, they just have set of numbers, that helps customer to make transactions. This card can be used online or through telephone (SMS Services) and on any websites to make purchase and to transfer money. There are many types of virtual debit cards that are offered by many companies, they are:

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  Payroll & Incentive Cards : These card are used by the companies/employees to swipe the salary amount and not for personal account.

  
  


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  Student Cards : These cards are parent-approved and help the students to spend money in a limited way.

  
  


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  Gift Cards : These cards are provided as gifts, any item can be purchased using this card, but the gift price cannot exceed the amount deposited in this card.

  
  

Physical Debit Cards

Physical debit cards are like other debit cards, but here some amount should be deposited in the account associated to this card before using it. It helps in transferring money, to make online or offline payments, ATM services, depositary services, the types of physical debit cards are

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  Disposable debit cards : The disposable debit cards are same like giftcards.

  
  


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  Reloadable debit cards : Reloadable debit card helps to load money in this card and to make payments without any risks like carrying cash, its helps to use ATM services. These types of reloadable debit cards are very convenient and used anywhere.

  
  

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