Which is better: Visa or MasterCard?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Plastic cards have become so part of our daily lives that people can't even imagine what would happen if they didn't exist at all. They allow us to pay for goods, enjoy discounts, withdraw money from ATMs, use it as a credit card, and much more. The card allows you to keep money safe, since it is dangerous to have large amounts at home, and constantly going to the cashier for cashing out and standing in long queues is a waste of time.

It should be noted that, despite the similarity of their functions, plastic cards still have differences. MasterCard and Visa are the most common payment systems, they are considered the main blocks in the financial world. Therefore, a person who wants to open a card has a completely understandable question about which is better - Visa or MasterCard.

It is impossible to unequivocally say that such and such a payment system is better, because they are almost identical. Of course, they have some differences, but their advantages and disadvantages depend only on the preferences of a particular person. If you know the goalspursues the client, then you can tell which card to choose: Master Card or Visa. But still, choosing any of them, no one will lose much, since the differences are insignificant.

The number of ATMs, shops and other institutions accepting cards of these payment systems is simply huge. Therefore, having gone to any country, you can be sure that it will be possible to pay with a plastic card there. If you answer the question of which is better, Visa or MasterCard for use in Russia, then it should be noted that MasterCard owns 25% of the Russian market, and Visa - 40%, the rest is divided between smaller systems.

When planning to travel, you need to choose a card based on which country you are going to. The fact is that Visa belongs to the American payment system, so it is attached to the dollar and this is taken into account when converting currencies. For example, if you need to convert rubles into euros, then first of all the money will be converted into dollars, and then into euros. Typically, the client thus loses from 1 to 4% of the requested amount.

MasterCard belongs to the European payment system. It converts immediately into the required currency, so the commission here is a little less. But this fact does not at all answer the question of which is better, Visa or MasterCard. Visa is best used for trips to the USA, Canada, Latin America, Australia. MasterCard is more convenient for traveling to European countries.

If you askbank employees, how Visa differs from MasterCard, a clear answer is unlikely to be achieved. Most representatives of financial institutions claim that all payment systems have approximately the same functions, so it does not matter which one to choose. Some banks recommend a certain payment system because it is beneficial for them, while they do not really explain which is better, Visa or MasterCard.

To use the card within the country, there is no particular difference in the choice of payment system. But for use when traveling abroad, it is still necessary to recognize that the MacterCard card is more profitable, as it allows you to open an account in both euros and dollars.