Offline Debit Card
Candlefocus EditorOffline debit cards are not linked to an ATM, so it is not possible for a consumer to withdraw cash nor deposit funds with an offline debit card. Furthermore, offline debit cards do not require a PIN for use and function more like a check than a credit card. A consumer would only need to sign a receipt or provide identification in order to use an offline debit card.
Typically, card network providers such as Visa and Mastercard sponsor these offline debit cards. Overdraft fees and return payment fees associated with debit cards also apply to offline debit cards.
Offline debit cards are a great alternative to credit cards or cash, and provide added security against fraud and identity theft. As funds are only withdrawn from a consumer's bank account 24 to 72 hours after they use their card, this reduces the risk of funds being withdrawn from a stolen card in the time it takes for the consumer to report their card as missing or stolen. Furthermore, as an offline debit card is not linked to an ATM, there is no risk for a consumer to be held liable for pulling money out of their account via an ATM if their card is stolen.
Offline debit cards are ideal for the consumer on the go, helping to make a variety of financial transactions quick and easy. Consumers who use offline debit cards will find that it is still secure, fast, and reliable.