From the retailer's perspective,debit cards are nearly identical to credit cards and have the same benefits and drawbacks.

Question

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Debit cards and credit cards are both accepted by retailers as a form of payment, and they both utilize a payment processing network such as Visa or Mastercard. However, the key difference is that debit cards are linked directly to the customer's bank account, whereas credit cards offer a line of credit that must be paid back with interest. From the retailer's perspective, both types of cards are processed in a similar manner and have similar benefits and drawbacks, such as transaction fees and chargebacks.

From the Retailer's Perspective,debit Cards Are Nearly Identical to Credit