When it comes to credit cards, two names usually play an essential role in many people’s minds. Visa and MasterCard are the best-known providers in this sector in this country. Which is better: Visa or MasterCard? And what actually distinguishes these providers from one another? This post aims to clarify this for 신용카드현금화.
VISA OR MASTERCARD: THE DIFFERENCES
The similarities are more significant than the differences between Visa and MasterCard. In general, it is possible to make cashless payments at dealerships and online with both cards and withdraw money from ATMs. Often this circumstance also depends on the respective bank that issues the cards. The same applies to the fees.
Since the two companies do not directly issue cards to private individuals, the intermediary banks are responsible for collecting fees. Depending on the institute, these are therefore different. Nowadays, both cards have essential security features. One of them is the so-called NFC – a radio technology that enables cashless payment.
The acceptance at retailers is different for both cards. While around 46 million dealers worldwide use the card or payment system with Visa, there are still around 35 million with MasterCard. All in all, it can be said that Visa ranks ahead of MasterCard worldwide and is, therefore, a little better known.
ABROAD: MASTERCARD OR VISA IN USA, AUSTRALIA & THAILAND?
USA: Generally, in the USA, it is possible to pay with Visa and MasterCard in many places. However, the MasterCard logo can usually be found in the USA, and this credit card can therefore be used to pay more often there.
Australia: Those who travel to Australia can also pay with Visa or MasterCard on this continent. These two credit cards are accepted in many shops, so both are recommended here. It always depends on the bank’s respective conditions; which credit card is better or cheaper in the end.
Thailand: Both MasterCard and Visa are accepted in Thailand as well. However, especially in smaller markets, it is often the case that only cash is accepted. That is why there should be enough 신용카드현금화 in local currency in this country. MasterCard and Visa cards are accepted in many larger institutions.
After our extensive research on the subject, we were able to find out the fees charged for a credit card depending on the banks. These set the respective fees individually. Visa and MasterCard also do not issue cards to private individuals, so they do not charge any fees. The only buyers are the banks, which have different models on offer and consequently also charge different prices for them.