# Debit Card Payment

**IRI:** https://folio.openlegalstandard.org/Rrt9KJEwo6Yz8wbXcaZL3i

## Labels

**Preferred Label:** Bank Card Payment

**Alternative Labels:**

- Direct Debit Transaction
- PIN-based Transaction

## Definition

Debit Card Payment is a transaction that transfers funds electronically from the cardholder's bank account to a merchant’s account, facilitated through a debit card network. Unlike credit cards, this form of payment is funded by existing money in the cardholder’s account.

## Sub Class Of

- https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

**Deprecated:** False