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Whats the difference between a POS and a debit transaction?

April 26, 2017Debit pos transaction

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Whats the difference between a POS and a debit transaction?

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A POS transaction requires that you key the PIN on a keypad at the cash register. It also posts immediately to the account. A debit card charge either generates a receipt for you to sign, or is a transaction done over the phone or online. Debit card transactions do not post immediately to the account, but the funds from the transaction are on hold (unavailable) until the charge posts.