Online, can businesses tell the difference between credit and debit?

Because I know that it is possible to use the debit card online, and ultimately, when something says "pay now by credit card", can they really tell the difference between someone using credit, or debit for ONE TIME transaction?|||I've never used a debit card online so I can't answer with 100% certainty, but I'm pretty sure the merchant will know what form of payment was used. Debit cards require the entry of a PIN number, so if the system can recognize the difference and ask for that PIN, it only makes sense that the merchant could find out that a debit card was used instead of a credit card. There is also the possibility that the bank that is handling the transaction charges the merchant a lower fee for accepting debit cards, and under that circumstance, the merchant would only have to look at their transaction charges to know the difference.|||A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D%26amp;B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.





However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.





When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.





Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.








Good luck,








Ilya Bodner


Small Business Owner


Initial Underwriting Group