why are you asked "debit or credit" when using your debit mastercard?

The Difference Between "Debit or Credit?"

It's time to pay for groceries at the supermarket, so you tell the cashier you're paying with your DEBIT MASTERCARD (debit card).  He then asks, "Debit or Credit?"

Ever wonder why you're asked this question?

The merchant is simply asking how you would like the transaction to be processed.
No matter how you respond-"debit" or "credit"-the purchase will deduct from your CHECKING account. In other words, if you say "credit," the purchase will NOT be billed to a credit card.

What is the difference?

DEBIT - If you say "debit", the transaction is processed through the ATM network and you must use a personal identification number (PIN).

CREDIT - If you say "credit", the transaction is processed through the DEBIT MASTERCARD network.

It all depends on personal preference.  But here's a little known fact: When you choose "credit" and sign for the purchase it actually helps your credit union and other members because DEBIT MASTERCARD transactions are more efficient and less costly than ATM transactions.

So, the next time you're asked, "Debit or Credit?" help your credit union and say "credit" and see how simple your Debit Card is to use!

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