| Term | Definition |
|---|---|
| Cash Back Debit Transaction |
A cash back debit transaction is a purchase made with a debit card that includes an additional charge for an equivalent amount of cash that will be disbursed by the merchant. Cash back is provided as a voluntary service by merchants, so availability and limits may vary. The cash back amount is recorded separately from the purchase amount in case of a chargeback on the purchase. Read more >>> |
