What is a pos debit?

A POS (Point of Sale) debit is a transaction that occurs when a customer uses their debit card to make a purchase at a physical store or online using a payment terminal. The debit card is swiped or inserted into the terminal, and the transaction is processed through a payment network, which deducts the purchase amount from the customer's checking account. POS debit transactions are usually authorized by the customer entering their PIN or signing for the purchase. Many banks charge a small fee for each POS debit transaction made by their customers. POS debit transactions are secure, quick, and convenient, and they are widely accepted at most retail stores and online merchants.