Editing Debit card (section)

==Issues with deferred posting of offline debit==
The consumer perceives a debit transaction as occurring in real time: the money is withdrawn from their account immediately after the authorization request from the merchant.<ref name=NoMoreDebOCLfee/><ref>"a tool to keep you from spending more than their balance."</ref><ref name=DeLuxLarger>{{cite news|newspaper=[[The New York Times]]|url=https://www.nytimes.com/1985/10/06/business/a-check-writing-nation-ignores-the-debit-card.html|title=A Check-Writing Nation Ignores the Debit Card|author=Scott Bronstein|date=October 6, 1985|access-date=July 26, 2022|archive-date=July 26, 2022|archive-url=https://web.archive.org/web/20220726203841/https://www.nytimes.com/1985/10/06/business/a-check-writing-nation-ignores-the-debit-card.html|url-status=live}}</ref>{{better source needed|date=July 2022}} In many countries, this is correct for online debit purchases. However, when a purchase is made using the "credit" (offline debit) option, the transaction merely places an [[authorization hold]] on the customer's account; funds are not actually withdrawn until the transaction is reconciled and hard-posted to the customer's account, usually a few days later. This is in contrast to a typical credit card transaction, in which, after a few days delay before the transaction is posted to the account, there is a further period of maybe a month before the consumer makes repayment.

Because of this, in the case of an error by the merchant or issuer, a debit transaction may cause more serious problems (for example, overdraft/money not accessible/overdrawn account) than a credit card transaction (for example, credit not accessible due to being over one's [[credit limit]]). This is especially true in the United States, where [[check fraud]] is a crime in every state but exceeding one's credit limit is not.<ref name=CredUnCLI>{{cite news|work=[[The New York Times]]|url=https://www.nytimes.com/2009/06/23/opinion/23kaufman.html|title=A Fairer Credit Card? Priceless|author1=Ryan Bubb|author2=Alex Kaufman|date=June 22, 2009|access-date=July 26, 2022|archive-date=July 27, 2022|archive-url=https://web.archive.org/web/20220727021144/https://www.nytimes.com/2009/06/23/opinion/23kaufman.html|url-status=live}}</ref>