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has gloss | eng: Debit card cashback (known as cash out when using EFTPOS in Australia and New Zealand) is a service offered to retail customers whereby an extra amount of money is added to the total purchase price of a transaction paid by debit card and the customer receives the extra amount in cash along with their goods. For example, a customer purchasing £18.99 worth of goods might ask for twenty pounds cashback. They would pay a total of £38.99 (£18.99 + £20.00) with their debit card and receive £20 in cash along with their goods. Many customers find this a useful way to obtain cash, instead of making a separate trip to a cash machine. The idea was originally hatched by British-based retail chain Tesco in order to reduce the amount of cash banking the stores needed to carry out, the customer service aspect being a side-effect of this. |
lexicalization | eng: Debit card cashback |
instance of | (noun) a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account debit card |
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