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Is that even possible? I though debit cards entered using purely digits (vs pin) have to be run through the credit card network. Is there a provider who provid
by koolba 7y ago
Is that even possible? I though debit cards entered using purely digits (vs pin) have to be run through the credit card network.
Is there a provider who provides debit card online processing?
- tomnipotent 7y agoIn the U.S., fees on debit cards are limited based on the Durbin Amendment. There is a different fee between PIN and signature debit, but not so much that signature debit matches credit cards. https://www.valuepenguin.com/credit-card-processing/interchange-fees https://www.valuepenguin.com/credit-card-processing/intercha...
- koolba 7y agoI know the fees are lower. I’m asking if it’s possible to submit a transaction via an online API as a debit rather than credit.
- tomnipotent 7y ago> submit a transaction via an online API as a debit rather than credit Yes, via ACH/SEPA Direct Debit but I don't believe it's common outside of Europe. Processors, like First Data, will know at the point of transaction if it's a credit card, debit card, or even a prepaid card. Though it's been a few years, I remember the Adyen API returning all of this in the pre-auth response (had a business that didn't accept payments from prepaid cards, fraud was too high). It's also possible this is encoded in the BIN/IIN (1st 6 digits), but my memory is fuzzy on the specifics.
- leesalminen 7y agoIt seems to be attached to the BIN. Our processor has a bin endpoint where I feed it the first 6 and it returns a bunch of info about the card, including credit/debit.
- adrr 7y agoBIN will tell you if its prepaid/card type. There's some weird rules around prepaid, like your can't set the recurring flag on prepaid on non-reloadable cards. Adyen says they can route cards on different networks though i never used them personally.