# What is debit - Cycling

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Debit is the process of money withdrawal from any bank account. Having debit cards also help in the transaction of money electronically. Like debit cards, the credit cards and horizon gold card are also there which are widely used in terms of online shopping, Internet banking and marketing purposes.

Posted on Apr 22, 2017

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A debit juniper credit card is bookkeeping entry that result in the increase an asset or a decrease in a laibilty or a answer equity.A debit juniper credit card has the opposite effect of a credit, which either decreases an asset or increases a liability or owners equity.
Juniper credit card is best credit card..

Posted on Sep 02, 2011

To explain debit using everyday life:
A credit card is when you charge an item, and the bank extends you credit, and then you pay the bank at the end of the month. The bank extended you credit. If you exceed the credit, the bank no longer lets you charge until payment is received. As a general rule, the business that sells you the item pays a charge to the bank each time the credit card is used.
A credit is money you owe the bank.
Any time you owe money to somebody, like a bank, or your relative, that is a credit.

A debit card is when you pay the bank in advance and have a balance on the card. As you make purchases with the debit card, that amount is subtracted from your advance payment. In the case of debit card, the bank is merely holding your money and allowing you to use the convenience of a card ... and of course the bank charges the debit card user for that service.
A debit is money that the bank owes you because you paid the bank in advance.
Anybody who owes you money would be a debtor, and that would be a debit.

In business accounting, debits and credits appear on opposite sides of the ledger.
Wikipedia has an explanation:
http://en.wikipedia.org/wiki/Debits_and_credits

Posted on Jan 04, 2011

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Posted on Jan 02, 2017

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## Related Questions:

### How do I put a new debit card in Amazon?

Hi!

You should be able to add additional debit cards by going on your account, then in the payment section, there should be an option to add a credit/debit card.

Do mind that there is a list of debit/credit cards that Amazon accepts. I have Attached links to both the guide to Add Manage Payment Methods and the Types of Credit Debit Cards That Can Be Used

Kind regards,
Jann Rocas

Jun 30, 2017 | Computers & Internet

### Change my pin number on my debit card

most debit card pin number changes require you to go into a branch and have a teller actually assist you in changing the pin. it can not be done on the website and it may not be able to be done over the phone for security reasons.

Sep 09, 2014 | Wells Fargo Platinum Debit Card

### Can I enter details of new debit card

go to account settings
click on bank pr payment details

caution: to keep your account safer never use a debit card or store it online. If it's compromised someone has access to your whole bank account . A credit card will cover unauthorized purchases a debit card , once it's gone it's gone.

Jul 01, 2014 | PayPal Accounts

### Cancel payments

Automated payments debited from your checking account or against your credit card can prove to be quite convenient.
Automatic debits can be payments for loans, life insurance premiums, cable bills, Internet service and many other transactions.
Sometimes you want these transactions stopped.
If you decide to open a new checking account the automatic debits should be discontinued from the old bank account.
The company responsible for the debits will need adequate notification to keep the debits from going through another month.

Review your bank account statement or credit card statement to see which automatic debits are going through.
You could have several automatic debit transactions deduction money from your bank account. Decide which ones you want to stop or cancel.
Locate the contact information for that particular merchant.
Call the merchant responsible for the automatic debit.
The toll-free customer service phone number should be on the merchant's statement.
Let the representative know you want the automatic debits stopped.
The representative will stop the automatic debits per your request.
Some companies need four or five days prior to the automatic debit.
Without adequate notice the automatic debit may occur one more time.
The following month you should not see the charge.

Send a letter to the merchant.
Sometimes it may be difficult to reach a merchant by phone; if this is the case, the website Credit Info Center recommends sending the merchant a certified letter with a return receipt.
It will take a little longer to get your charges stopped by mail.
Take a look at your bank statement.
Make sure the automatic debits have been cancelled.
If the charges continue, follow up with the merchant.
Ask for a confirmation letter confirming the automatic debits have been cancelled.
http://www.creditinfocenter.com/budgeting/stop-automatic-debits.shtml

Nov 07, 2013 | Computers & Internet

### How do I cancel direct debits

When subscribing to services or products that require a monthly payment, it can sometimes be a hassle to keep contacting the service provider each month to make your payment.
If you are like many individuals, you will opt to have the payments automatically deducted from your banking account.
While this automatic debit option may seem momentarily convenient, in the long term it can be risky.
Even if you are no longer receiving the products and services, some companies will continue to debit your account.
If you have decided that you no longer want the automatic debits from your bank account to be made, there are easy resolutions to stopping the payments.

Call the customer service telephone number of the company that is making the automatic debits from your bank account.
If you don't have a telephone number for the company, visit the company's website and look for the "Contact Us" link.
Most legitimate companies will have contact information on their site.
Select the option to speak with a billing or sales representative.

Advise the company representative that you no longer want the automatic debits to come out of your bank account.
Be sure to get the representative's name and a confirmation number just in case you later need proof that you did call in and make the cancellation request.

By Mail

Write a cancellation letter to the company stating your desire to stop the automatic debits.
Be sure to include your account number on the letter as well as your signature and the date the letter was written.

Make a copy of the signed letter for your own records.

Mail the cancellation request letter to the company that is deducting the automatic payments from your bank account.
If you don't have the mailing address, you can visit the company's website or contact customer service to get it.
Note that some companies require that your request be submitted within a certain amount of days before the next billing cycle.

Through Card Issuer

Contact your bank or the financial institution that provided you with the debit card if you notice that the automatic debits have not stopped.

Ask the bank representative to place a block on your account or debit card so that the automatic debits are stopped.
There may or may not be a fee assessed by your bank to initiate the block.

Request that your banking institution completely cancel your debit card if the option to place a block on the card is unavailable.
After your old card is cancelled, your bank will issue you a new replacement card.
Ask for the bank representative's name and a reference number for your own personal records.

Nov 04, 2013 | Computers & Internet

### I want to have my paypal go to my debit

If I understood your question right you want to withdraw your funds to your debit card. If that's what you mean you should have completed the following first:

- Verify your Paypal by following the instructions on the paypal site. usually you need to add your debit card first by using the debit card number not the debit bank account number

- If already verified Add the same debit card on your paypal by clicking Profile then add bank account. This time use the debit card bank account number. You should also know the bank code for paypal. You bank can tell you that.

Now if you want to withdraw your funds you just need to click withdraw menu then choose the debit card bank account you just added.

Sep 05, 2011 | PayPal Accounts

### I just purchased items today through paypal with my debit card, then i checked my email and got approved for paypal credit, if i understand right the purchase i made today will be on my paypal credit...

You should contact the bank that you have your checking account/debit card with. They can tell you if the charges were actually posted on your debit card. You certainly don't want to pay twice and debit cards are different from traditional credit cards where you are establishing "credit" and pay toward the balance each month.

Aug 26, 2010 | Baby Bjorn Baby Gear

### Visa debit card

Yes, All visa/mastercards are accepted regardless if there credit or debit cards, Most people prefer debit cards

Jul 24, 2010 | PayPal Accounts

### WHAT IS DEBIT NOTE

It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo.

A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor.

Have a nice day and do not forget to rate please...!

Feb 10, 2010 | Tally LA650 Matrix Printer

### Verifone OMNI 3750 gives error message: NO MASTER KEY

The no master key means that the terminal is missing a DEBIT encryption the debit encryption is needed to run PIN based debit cards. When you swipe it should say Credit F2 Debit F3. When you choose F3 it will say no master key. Whether you have an external pin pad or internal pin pad your credit card processor needs to inject with the encryption or take the debit prompt off.

If you have any other issues please don't hesitate to call me.

www.greenlightpayments.com ext 105

Jun 25, 2009 | VeriFone Omni 3700

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