What is the difference between visa and maestro card

Visa does not issue its own credit cards or offer credit facilities; rather it provides financial institutions with Visa Inc. Visa credit cards allow cardholders to borrow money and repay the money with interest if the unpaid balance is carried over past a specific period of time. Maestro card is the debit card that is provided by Mastercard Inc. However, it is necessary that the card holder has sufficient funds in his bank account for the payment to go through; if not, the cardholder should make overdraft arrangements with their bank to make sure that the card is not rejected at the point of purchase.

What is the difference between Maestro Card and Visa Card? Visa and Maestro cards are both widely accepted cards that are used for making electronic payments globally. There are a number of differences between the Visa card and Maestro card.

It was originally called as MasterCharge which was developed by a group of California banks as an entrant to the BankAmericard. Difference Between Visa and Maestro. Difference Between Similar Terms and Objects. MLA 8 S, Prabhat. Name required. Email required. Please note: comment moderation is enabled and may delay your comment. There is no need to resubmit your comment. Notify me of followup comments via e-mail. Written by : Prabhat S. User assumes all risk of use, damage, or injury.

You agree that we have no liability for any damages. Summary 1. Today, a lot of Indian banks issue RuPay credit card, and it has been immensely popular among the Indian credit card users. Let us look at the differences between these cards:. The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially.

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