These fees, in addition to the transaction fee, should be taken into account when assessing the cost benefit of web based sales. Web based sales also introduce additional reconciliation requirements and customer service requirements regarding lost or stolen cards. The merchant may be charged back by the card processor for non authorized card use. Generally these cards can be used in any manner by the cardholder. The cardholder will expense those charges for business purposes and the balance is up to the cardholder to pay.
All balances are due in full each month.
Often times these transactions will run into the millions of dollars for a single transaction. The unique feature with these cards is the size and specific nature of the transaction. An ATM transaction is the best example of a debit transaction. True debit cards are generally ATM cards but many states have debit networks so that cardholders can use their debit cards at retail stores as well. However, a check card can also be used wherever Visa and MasterCard are accepted.