Means of payment that can be used in Germany from the Deutsche Kreditwirtschaft (DK). Here you can find information about the different types of debit system: Debit system In the end, 49 active and passive countries accepted the Eurocheque cards as a payment option.
In addition to the possibility of withdrawing money and paying in Germany, the Eurocheque system was also the first cross-border payment system in Europe. In terms of structure, however, the Eurocheques were also plastic cards, with which various payment services were made possible at credit institutions. With the Eurocheque system, on the other hand, a guarantee contract between the banker and the check taker ensured that the corresponding check could actually be paid out. Eurocheque cards - were then supplemented over the course of time by the functions of the debit card. This is considered to be the predecessor system, which was introduced in the 1960s. The current system of the debit card was still implemented by the Eurocheque system until 2002. Girocard vs debit card: What is an EC card or girocard? V-PAY from VISA, on the other hand, is primarily to be found in Europe. Credit cards can also be used outside of the EU without any problems, as VISA, Mastercard or American Express payment centers are used all over the world. With regard to payment or withdrawals abroad, you can run into problems with the debit card, which is why credit cards have some advantages here. On the other side, debit cards are part of a bank account, which everyone has right to open.
Their limit depends on your credit score, since the card’s provider has to be sure that you are able to pay your credit back. This makes credit cards dependent on your creditworthiness. In return, you pay interest on the credit card.
the money does not have to be available in your account, but is either billed to you in full at the end of the month, or you only have to pay it back partially. With a credit card, on the other hand, you take out a small "loan", i.e. The biggest difference is the time of debit: if you pay with a debit card, the corresponding amount will be debited directly from the amount of money available on your checking account. Outwardly, debit cards and credit cards hardly differ, but these are two completely different types of card. Credit card vs debit card: Which one you should use