MEXICO CITY.- Whether for credit or debit cards, in addition to the bank, there are two stamps that distinguish these plastics: Visa and MasterCard. What does this mean?
Both brands they are not banks, if not technology companies that enable payments worldwide. These logos are likely to be on display in shops and ATMs, this means that they have the ability to receive cards of this type (diferentes de American Express).
They do not directly emit plastics. They do this through banks in each country.
Although it seems that Mastercard charges merchants for accepting their cards, the reality is that the one who charges it is the bank that provides the terminal).
The coverage of both brands extends to more than 200 nations.
In accordance with ComparaGuru.com, the four main differences son:
Visa (Visa International Service Association)
- The card has a password that must be used for each purchase.
- Discounts depend on each country according to the customer’s habits and tastes.
- It can be paid in more than 30 million stores in 170 countries.
- It operates in more than 2.1 million ATMs worldwide.
MasterCard
- It has a PIN that must be entered when paying.
- Promotions apply by country, but customers can save on loyalty to their favorite brands.
- It is accepted in 24 million stores in 210 countries.
- It only works at a million ATMs.
In Mexico, as users of financial services, we have the option to choose whether we want to be on Visa or Mastercard as long as the bank has cards from both brands available and when contracting the service, executives ask customers if they have any preference.
In addition to what each bank offers, each brand has its benefits. Some are:
- Accident insurance during a trip.
- Medical and legal assistance outside the country.
- Purchase protection.
- Card protection.
- Emergency card replacement abroad.
- Insurance for loss or theft of luggage.
- Special promotions and exclusive events.
- Concierge service.
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