- Google Pay, Apple Pay
- Monthly fees: $0
- No international transaction fees
- Up to 10 currencies
How to use a debit card for online payments
Debit cards are fast becoming one of the most popular ways to pay for online transactions. Why the change and what is the difference between this and the EFTPOS system?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Using your debit card to pay for online purchases is easy, if you have the card on you. All you will usually need is the card number, expiry date and the three-digit CVV number on the back of the card. If you have all of these details available, you should have no trouble using your debit card when checking out. In some cases, you might be required to verify the transaction via your banks online platform or app.
In the early days of Internet shopping people would use either credit cards or the EFTPOS system. Although you can still in come cases use EFTPOS to make online purchases, very few companies accept this form of payment.
One of the big reasons vendors do not like this system is because it can only actually be used by Australians. Therefore any companies abroad would have to jump through many hoops in order to accept this kind of payment method.
Something that also hindered the use of the EFTPOS system, was that many websites use special shopping cart software in order to accept online transactions, and most of the software available was not compatible with the system, meaning many vendors stopped using it.
Compare debit cards today
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
What about credit cards?
Credit cards, and debit cards are the main forms of online payment methods. Although in the early days the credit card was the most commonly used form of payment, it would now seem that debit cards are rising in popularity.
One of the main reasons is because using a debit card for online transactions can potentially be a much cheaper way of making purchases.
Like anything that you spend on your credit card, your purchases will be subject to an interest charge if your balance is not fully repaid at the end of your interest free period. In a very short space of time your balance can increase, and reach a level where you will not be able to pay your full balance in time, and so will begin amassing interest.
This means anything you paid for using your credit card could start going up in cost to you!
Why debit cards?
The beauty of the debit card is that it is linked to your bank account and you are only ever able to spend what is available to you in your account.
Unless you have an agreed overdraft with your lender, any purchase you attempt to make with your debit card will be refused if there is not sufficient funds available, and an alternative form of payment will be asked for.
This makes it much easier to stay in control of your spending.
One thing is for certain, when compared to the EFTPOS system, and credit cards, the debit card is becoming the most common way to pay for your online transactions.
More guides on Finder
Shopping internationally? 9 things you should know in 2021 [SPONSORED] Things to take into consideration when buying internationally.
MasterRemit international money transfers review
MasterRemit allows you to transfer your money quickly in a range of currencies.
Great Southern Bank Home Saver Account
The Home Saver Account offers an ongoing bonus rate when you meet the account criteria. Learn how to get the bonus rate and apply online.
Coronavirus: How it’s impacting life insurance
The outbreak of covid-19 has many people wondering about their insurance options. This guide helps answer all you life insurance question during the coronavirus outbreak.
Westpac Low Rate Credit Card – Cashback Offer
A no-frills card offering a $0 annual fee for the first year, $400 back when you meet the spend requirement and a 13.74% p.a. interest rate on purchases.
Why is ING ditching unlimited free ATMs for a $100 cashback offer?
ING will give customers up to $100 cashback per year on their gas, water and electricity bills when you pay using your Orange Everyday account.
ANZ Cashrewards Max: How much cash can you get back?
If you have an ANZ credit card or debit card, you can now earn cashback when you shop with over 1,700 brands. Here's how it works.
OnlyFans IPO: How to buy OnlyFans shares
What you need to know about investing in OnlyFans from Australia.
PayPal Rewards Card
The new PayPal Rewards credit card offers no annual fee and points per $1 spent. So how much value can you get from it?
Ask an Expert