Accept All Major Credit and Debit Card Processing
Choose from our suite of payment facilities to begin taking payments in all the ways that work for you – at high speed and low cost! With Tectah, you can accept all major debit and credit cards, allowing swipe payments, chip and PIN card payments, contactless and multiple remote payment solutions.
Our selection of speedy, secure payment options has you covered: point-of-sale devices, credit and debit card processing machines, mobile apps, virtual terminals, and payment gateways are all available.
Difference Between Credit Card Payments Vs Debit Card Payments
A credit card is different from a debit card. With a debit card, you’re actually spending money as though you’ve taken it out of your bank account. With a credit card, there’s an overdraft facility; if all other funds in your account fall below the agreed limit, you can borrow the difference by signing up for an authorised overdraft facility.
The only main difference is that you are using your own bank fund while using a debit card and when you are using a credit card then the issuer of the credit card is paying that amount for you till the limit is not crossed which is set by the issuer only.
Here are some points to consider as differences between them:
Credit Card Processing
- Borrowed funds can be used to make the purchase.
- Credit build-up.
- The interest rate and the fee vary.
- Offer fraud protection and security against unauthorized purchases.
Debit Card Processing
- Money deductions take place from your bank account.
- Little or no fee for transactions.
- Does not build a credit score.
- No interest rate.
Difference between Card Readers and Card Processing Machine
Card readers are devices that read cards (such as credit cards) and store information about them. These devices are commonly used at retail stores, gas stations, restaurants, etc. to make transactions easier.
A card processing machine is a device that processes cards. It is used by banks, retailers, and other businesses to process payments.
Now let’s discuss the main difference, which is defined as follows:
- These are classic chip and pin card processing machines with touch screens, a pad for customers to type in their PIN, and a slot for credit and debit card processing.
- Three variants are available in the market right now; portable, fixed/countertop, and mobile card machine.
- They do not require any computer or mobile software to function.
- Card readers are smaller in size.
- Credit or debit card is kept inside them during the time of a transaction.
- They do require mobile and computer application software to run.