2008/9/11 River Tarnell <river(a)wikimedia.org>rg>:
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Thomas Dalton:
2008/9/11 David Gerard
<dgerard(a)gmail.com>om>:
It's a debit card that works through the Visa
network as a credit card.
You've lost me... what's the point of that? Why
not just have a debit card?
i also have an Electron _debit_ (not credit) card. my understanding is that it's
basically identical to Switch debit, or Visa debit, except that it's available
to accounts without an overdraft. i.e., if you make a purchase on an Electron
card, if there aren't enough funds in the account to cover it, the transaction
will be denied; unlike Switch, where the transaction will go through
immediately, but the account might not have enough funds to cover it.
That's my understanding too, I'm just confused by the existence of
Visa Electron credit cards - if you aren't eligible for the tiny bit
of credit involved in an unauthorised overdraft, surely you aren't
eligible for a credit card?
i can't imagine how this is relevant to WMUK,
though! (perhaps if we want to
issue company credit/debit cards for incidental expenses...)
This list is surprisingly on-topic most of time - this makes a nice
relief! Company debit cards might be worth considering, but I think
we're a long way from wanting company credit cards - too much
unnecessary risk involved.