pinbetaalkaart

A pinbetaalkaart is a payment card issued by a bank that uses a Personal Identification Number (PIN) to authorize transactions. The card is typically linked directly to the holder’s bank account and can be used for in-store payments as well as cash withdrawals from ATMs. Most pinbetaalkaarten employ an EMV chip and may support contactless payments, allowing users to tap the card for small purchases; for higher amounts or security reasons, a PIN may still be required.

How it works: at a merchant, the card is inserted or tapped and the user enters their PIN to confirm the payment. The transaction is routed through the card issuer’s network and the funds are debited from the linked account, usually in real time or within a short clearing period. Some cards also support offline verification or dynamic security features, depending on the issuing bank and the payment network.

Differences from other cards: a pinbetaalkaart is typically a debit card, meaning it draws funds directly from a bank account rather than extending a credit line. This contrasts with credit cards, where purchases are charged to a revolving credit account. Some pinbetaalkaarten can also be prepaid cards or linked to stored-value wallets, but most common forms require PIN verification for security.

Regional usage: in Dutch-language contexts, terms like pinpas or bankpas describe similar devices, emphasizing PIN-based authorization. Globally, the equivalent concept is generally referred to as a debit card or bank card, with variations in branding, networks (such as Visa, Mastercard, or domestic schemes), and compliance with regional authentication rules.