Which payment method electronically subtracts the purchase amount from the buyer's account at the moment of purchase?

Which payment method electronically subtracts the purchase amount from the buyer's account at the moment of purchase?

• A. Credit Card
• B. Debit Card
• C. Prepaid Card
• D. Check

Answer: (B)

The debit card is the method that electronically subtracts the purchase amount from the buyer's account at the moment of purchase because it is tied directly to a checking or savings account and funds are transferred electronically at the point of sale. This immediate deduction contrasts with a credit card, which charges the purchase to a line of credit and bills you later; a prepaid card, which uses funds you loaded in advance; and a check, which goes through processing and clearing rather than an instant withdrawal from a linked account.

The debit card is the method that electronically subtracts the purchase amount from the buyer's account at the moment of purchase because it is tied directly to a checking or savings account and funds are transferred electronically at the point of sale. This immediate deduction contrasts with a credit card, which charges the purchase to a line of credit and bills you later; a prepaid card, which uses funds you loaded in advance; and a check, which goes through processing and clearing rather than an instant withdrawal from a linked account.