What is a cardholder?
A cardholder is an individual or business which owns and uses a payment card issued by a bank or financial institution to make purchases or withdraw funds.
What responsibilities does a cardholder have?
Cardholders must protect their card details, report unauthorised transactions, and repay any credit balances. They also agree to terms set by the issuing bank.
What rights do cardholders have?
They have the right to dispute transactions, request refunds, and receive protection against fraud under card scheme rules.
How are cardholders verified during transactions?
Verification methods include PIN entry, signature, CVV codes, and authentication protocols such as 3D Secure.
What is the difference between debit and credit cardholders?
Debit cardholders spend funds directly from their bank account, while credit cardholders borrow funds which must be repaid later.