1a obsolete : reward or punishment dueb : the qualities or actions that constitute the basis of one's deserts Opinions of his merit vary.c : a praiseworthy quality : virtue but originality, as it is one of the highest, is also one of the rarest, of merits â E. A. Poed : character or conduct deserving reward, honor, or esteem; also : achievement ...
When you use your Debit Card for a purchase and use the card as credit, the merchant will request an approval or âauthorizationâ for the transaction. The authorization confirms that an account is open and the purchase amount is approved at the time of request. Many merchants request an authorization for the exact amount. However, some merchants send an amount as low as $1 for authorization. Each authorization will show as a pending transaction.
Debit card. A debit card looks just like a regular ATM card, and you can use it at ATMs. The difference is that a debit card has a VisaÂ® or MastercardÂ® logo on its face. That means you can use a debit card wherever VisaÂ® or MastercardÂ® debit cards are accepted, for example, department stores, restaurants, or online. Credit card. A debit card is not a credit card. When you use a debit card, the money is deducted from your checking account. With a credit card, youâre borrowing money to be repaid later. ATM and debit cards allow you to use ATMs, a safe and convenient way to manage your money.