Direct Debit Card Transfer?

Seeking Advice
1

Please explain Direct Debit Card Deposits/Transfers to me. I’m collecting reimbursements from a company, and besides ACH direct deposit and Zelle, they offer a Direct Debit Card Transfer option, which is new to me. I’d like to understand how it works, the associated risks, whether it’s bidirectional, and how it compares to using Zelle or ACH direct deposit in terms of benefits and drawbacks.

Additionally, does a similar option exist for credit cards?

Previously, these deposits were made into a prepaid bank card, which had its pros and cons. Now that payments are being deposited into a bank account, they could be misclassified as income when they are not.

2

Hey, Research Direct Debit Card Transfers by looking for online resources or tutorials that explain how they work and their features.

3

Hey, Consult your company’s finance department to request detailed information about the Direct Debit Card Transfer option, including its benefits and risks.

4

Hello, Compare other payment methods by analyzing the pros and cons of using Direct Debit Card Transfers in relation to ACH direct deposit and Zelle.

5

hello, Inquire with your credit card provider to see if they offer a similar transfer feature for receiving funds.