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What is the difference between a PIN based transaction and a Signature based transaction?

April 26, 2017based difference Pin signature transaction

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What is the difference between a PIN based transaction and a Signature based transaction?

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10 Posted

A PIN based transaction involves the use of your card and a 4-digit PIN entry. These transactions can include ATM use or merchant transactions. Upon approval, the funds are immediately withdrawn from your account. A signature based transaction involves the use of your card and your signature to complete the transaction. These purchases are run through Visa and do not post to your account immediately.