{"id":3916,"date":"2017-01-25T15:58:12","date_gmt":"2017-01-25T20:58:12","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=3916"},"modified":"2023-04-13T11:43:12","modified_gmt":"2023-04-13T15:43:12","slug":"pin-vs-signature-whats-the-difference","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/pin-vs-signature-whats-the-difference\/","title":{"rendered":"PIN vs. Signature: What\u2019s the Difference?"},"content":{"rendered":"<p><strong>PIN vs. Signature: What\u2019s the Difference?<\/strong><\/p>\n<p><span data-offset-key=\"fb0ak-0-0\"><span data-text=\"true\"><strong>PIN Debit<\/strong> &#8211; <\/span><\/span><span data-offset-key=\"fb0ak-0-1\"><span data-text=\"true\">PIN transactions are routed through what are known as (EFT) electronic funds transfer. It immediately deducts the transaction amount from the customer\u2019s checking account, which is linked to the debit card used for payment.&nbsp;EFT processing takes place when the customer chooses <\/span><\/span><strong><span data-offset-key=\"fb0ak-0-2\"><span data-text=\"true\">debit<\/span><\/span><\/strong><span data-offset-key=\"fb0ak-0-3\"><span data-text=\"true\"> when prompted and then enters her PIN. PIN debit transactions are often referred to as <\/span><\/span><strong><span data-offset-key=\"fb0ak-0-4\"><span data-text=\"true\">online<\/span><\/span><\/strong><span data-offset-key=\"fb0ak-0-5\"><span data-text=\"true\"> transactions because they require an electronic authorization.<\/span><\/span><\/p>\n<p><span data-offset-key=\"6h256-0-1\"><span data-text=\"true\"><strong>Signature Debit<\/strong> &#8211; <\/span><\/span><span data-offset-key=\"6h256-0-2\"><span data-text=\"true\"> Signature-based debit transactions are authorized, cleared and settled through the same Visa or MasterCard networks used for processing credit card transactions. Signature debit processing is initiated when the customer selects <\/span><\/span><strong><span data-offset-key=\"6h256-0-3\"><span data-text=\"true\">credit <\/span><\/span><\/strong><span data-offset-key=\"6h256-0-4\"><span data-text=\"true\">when prompted by the POS terminal. Signature debit transactions are referred to as <\/span><\/span><strong><span data-offset-key=\"6h256-0-5\"><span data-text=\"true\">offline<\/span><\/span><\/strong><span data-offset-key=\"6h256-0-6\"><span data-text=\"true\"> transactions because a PIN debit network does not play a role in processing.<\/span><\/span><\/p>\n<div class=\"_1mf _1mj\" data-offset-key=\"6h256-0-0\"><\/div>\n<div class=\"_1mf _1mj\" data-offset-key=\"6h256-0-0\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PIN vs. Signature: What\u2019s the Difference? PIN Debit &#8211; PIN transactions are routed through what are known as (EFT) electronic<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/pin-vs-signature-whats-the-difference\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":3764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[21,608,347,982,43,2985,305,27,650,75,130,87],"class_list":["post-3916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-practices-for-merchants","tag-credit-card-2","tag-customer","tag-debit","tag-debit-card","tag-electronic","tag-electronic-funds-transfer","tag-online","tag-payment","tag-pin","tag-pos","tag-terminal","tag-transactions"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=3916"}],"version-history":[{"count":7,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3916\/revisions"}],"predecessor-version":[{"id":4950,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/3916\/revisions\/4950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media\/3764"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=3916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=3916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=3916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}