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Cash Back on Your Debit Card: A Primer. When you use your debit card to make a purchase at a grocery store, drug store, warehouse club, convenience store, specialty store — even the post office ...
With a debit card (also known as a bank card, check card or plastic card) when a cardholder makes a purchase, funds are withdrawn directly either from the cardholder's bank account, or from the remaining balance on the card, instead of the holder repaying the money at a later date. In some cases, the "cards" are designed exclusively for use on ...
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Accepting payments in cash can be costly for merchants, given that many British banks charge around 0.5% for depositing cash into a business bank account, along with the costs of transporting and insuring the cash. The combination of these two factors means that the retailer can save money by offering the cashback service.
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