International Baccalaureate (IB) Practice Exam

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Can a debit card be used for online purchases?

True
False

The correct answer is: False

A debit card can indeed be used for online purchases, which makes the assertion in this scenario incorrect. When you make an online transaction, a debit card generally functions similarly to a credit card, allowing you to input the card number, expiration date, and security code for payment processing. This provides a straightforward means for consumers to buy products or services online directly from their bank accounts. Many online retailers accept debit cards, and they can provide the same protections against fraud that credit cards do, depending on the issuing bank's policies. Furthermore, using a debit card for online purchases can help individuals manage spending, as the funds come directly from their checking accounts. Therefore, the statement that a debit card cannot be used for online purchases is false.