In general, Electronic Use Only cards can be used to make online, phone and mail-order purchases, in addition to on-the-spot transactions. According to MasterCard, electronic-use-only debit cards tend to serve underserved consumer segments and are often featured on some gift and prepaid debit cards. Whether you're using it online, or a store swipes it through a scanner, it should transfer money just like any other card.
Don't understand it myself 'cause I can use it like any debit card. Additionally, electronic-use-only cards serve to protect cardholders from inaccurate billing, but pose drawbacks for certain merchants. You can use it online but only on ones that accept them. I have one, but will be cancelling it soon. Is anyone worried about electronic banking. Perhaps surprisingly to those accustomed to swipe-and-go sales, not all debit and credit card transactions are subject to on-the-spot validation and authorization. First put a start date in a cell, and an end date in another. If your debit or credit card says electronic use only, in most cases, it doesn't mean anything. How do i close my credit one bank credit card.