What is VISA? VISA Review

1. Main types:

– Credit Cards – Visa provides its financial institution clients with a rich credit card product platform that can meet the various payment needs of everyone from new credit card customers to high-end consumers and large institutions. Visa’s credit card platform also provides value-added services such as personalized points reward system, emergency replacement cards, travel assistance and car rental insurance, which can help card issuers improve customer loyalty and usage rate.

– Debit Cards – Visa offers a wide range of consumer debit card products targeting different consumer segments in different regions and spending levels. Visa debit cards allow consumers to use funds in their own accounts electronically, which is more convenient, safer and more flexible than cash and check payments. Visa’s debit cards are divided into four major brands – Visa, Visa Electron, Interlink and PLUS.

– Prepaid Cards – Visa also offers a wide range of prepaid card products, allowing financial institutions to offer consumers rechargeable prepaid card products. For consumers who do not yet have bank accounts, Visa prepaid card solutions are a safer and more convenient option than cash and checks. Governments and businesses use Visa prepaid card products to pay for health insurance and Medicaid, unemployment benefits, employee wages and other benefits. Visa also offers prepaid gift cards that can be used at any merchant that accepts Visa debit products. Prepaid products better meet the needs of global travelers and provide them with the convenience and security of electronic payments without the hassles of cash and checks.

– Commercial Payment Solutions – Visa provides a complete set of commercial payment solutions for small, medium and large businesses and government agencies. Visa’s commercial payment platform includes:

1. For small businesses - Visa Business Credit Card, Visa Business Debit Card and Visa Series Business Credit Card;

2. For large and medium-sized enterprises and government agencies - Visa corporate cards, Visa purchasing cards, Visa business cards, Visa conference cards, Visa fleet cards, Visa distribution cards, and B2B and supply chain management products and services. In addition, there is a set of software tools called VisaIntellilink Spend Management, which can better help enterprises manage their expenses and related information.

2. What is the difference between MasterCard and Visa?

1. Different scope of application

MasterCard is more commonly used abroad, namely in Europe and the United States; Visa is more commonly used in the Asia-Pacific region. If you buy things more often in China, it is recommended to use Visa.

2. Different promotions for Platinum and above cards

Compared with MasterCard, Visa offers more discounts on air tickets and hotels, but the discounts on ordinary and gold cards are pitifully few.

3. Different exchange rates

The exchange rate of visa cards is accurate to 6 decimal places, and that of mastercard is accurate to 4 decimal places. Visa cards also have preferential exchange rates, but unless the transaction amount is large, the difference will not be much more than a few dollars.

4. Fee Standards

There are different charges for replacing your card overseas. If you accidentally lose your card overseas, you can report the loss to one of the two institutions you belong to and get a replacement card within a short time.