PIN Debit vs Signature Debit Payment Processing
UNDERSTANDING FEE STRUCTURE OF DEBIT CARD PAYMENTS
Signature debit transactions generally carry higher rates but lower flat fees.
In other words, the percentage being taken off the sales price is higher, but the per-transaction fees are typically lower.
PIN debit transactions frequently do not charge a percentage but do charge a higher flat fee.
It is common for payment processors to charge only a flat, per transaction fee for PIN debit transactions. This is why lower volume, higher-value businesses are almost certainly better going with a PIN-based debit system when possible.
PIN TRANSACTIONS FLOW THROUGH THE DEBIT NETWORKS
Perhaps the biggest difference between PIN and signature debit card purchases is the payment networks in which they are processed. Debit card networks, AKA electronic funds transfer (EFT) networks, are wholly separate from credit card networks, and the payments are essentially processed as a digital check. Examples of debit card networks include STAR and Interac. PIN purchases are also considered more secure from outside threats of theft and fraud.

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SIGNATURE DEBIT TRANSACTIONS FLOW THROUGH THE CREDIT NETWORKS
When customers choose “credit” AKA “signature” based debit card payments, those flow through the credit card network which is backing the card. In other words, these are routed through the same networks as a credit card purchase, but still as a debit transaction. This type of transaction is also sometimes known as an offline debit transaction.
OTHER CONSIDERATIONS WHEN PROCESSING DEBIT CARDS
There are a few other considerations before making a business decision to opt for PIN or signature payment processing, including:
- The risk of chargebacks
- PIN purchases allow for cashback
- PIN purchases settle much more quickly
- Details of your merchant service agreement
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