What is the difference between a signature-based transaction and a PIN-based transaction?
A signature-based transaction requires your signature to authorize the transaction. When you conduct a signature-based transaction, you select the “credit” option at the processing terminal. The merchant will give you a receipt to sign and a copy for your records. A PIN-based /transaction uses your PIN (Personal Identification Number) to authorize the transaction. When making a PIN-based transaction, select the “debit” option at the processing terminal. You will not be asked to sign a receipt for the PIN-based transaction. Most merchants accept both signature-based and PIN-based transactions.
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