Payment tools: Demand for debit cards increases

Debit cards are used by an increasing percentage of people, thanks to the many comforts they offer and their safety in use.

For about a decade now, these tools have registered an increase in their use every year. In the last twelve months, however, the increase in their use has been significant, going over 15% and setting a real record in the sector.

The development of these cards is certainly due to their ability to combine many functions, starting with online purchases , whose growth has developed in parallel with that of payments. Debit cards can then be used in a simple way even in traditional shops and therefore allow use at three hundred and sixty degrees.

Compared to a traditional credit card, debit cards are generally perceived as more secure, as they only have the amount present in a current account.

In addition to this, they can then be easily controlled, thanks to the relative and combined applications, through which it is also easy to establish maximum monthly, weekly and daily spending limits . Consequently, they are easy to use but also controllable payment instruments. A fundamental aspect especially in a historical moment in which digital payments are increasingly present in people's daily lives.

How to find the debit card that best suits your needs

In the commercial landscape there are many debit cards, which present differences between them, sometimes even substantial.

During the choice phase, then, it is possible to consult the dedicated insights made available to users by portals such as Cartetop.it , an interesting debit card comparator able to provide excellent information on all the main payment instruments.

It should always be remembered that, as with all financial products, there is no absolute best debit card but each customer can select the one that best suits their circumstances and needs .

Each debit card has a series of factors that distinguish its particularities, representing its strengths and, in some cases, also its disadvantages. The most important aspects to consider before signing up for a debit card are:

• The security of the issuing institution;
• The circuit of use;
• The presence and any cost of the monthly fee ;
• The monthly spending and withdrawal limits;
• Activation costs;
• Compatibility with digital systems such as Google Pay and Apple Pay.

Obviously this last aspect is relevant only for those who intend to make use of this particular type of payment made via smartphone. Some cards may also include the presence of additional features that may be useful for some customers and less interesting for others.

Among these, we find, for example, the provision of some sums of money to allow the customer to set aside savings, or cards that can also be used to receive or make transfers .

All the benefits of debit cards

Electronic payments are now constantly expanding and all credit institutions and financial institutions present products designed precisely with this in mind. Debit cards among these are certainly one of the most loved and used, so much so that they are now commonly combined with almost every current account.

They are used with confidence for online purchases, as they have very popular circuits that are considered totally reliable . They also have important insurances that accompany the issue, increasing the serenity of use.

The various differences in conditions, operating and opening costs and spending limits, as well as the various additional features , represent a strength of this tool. Since there are very different conditions between them, each user can easily identify the card that best suits their needs, in a simple and fast way. Among the advantages of debit cards, therefore, the ease of subscription, the simplicity of use and the maximum security obtained are certainly worth mentioning.

In particular, customers usually greatly appreciate the inability of debit cards to generate overdrafts, that is, of not being able to carry the account in the red. Consequently, their use is linked to a greater perception of serenity and very often these tools, with well-established maximum spending limits, are also entrusted to minors.

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The article Payment tools: demand for debit cards increases comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/strumenti-di-pagamento-aumenta-la-richiesta-per-le-carte-di-debito/ on Wed, 20 Jan 2021 09:18:59 +0000.