What is the difference between Visa, Mastercard and RuPay card

 

What is the difference between Visa, Mastercard and RuPay card

Whenever the bank issues a debit card or ATM card, a logo is created on it, which is from Visa, Mastercard or Rupay. But what is this logo? And why is it different? Rupay on someone, Visa on someone, Mastercard on someone today, we will know the difference between them.

The debit card bank gives us and us for our convenience. To withdraw money from the debit card, we do not need to go to the bank and go to the line. With the help of debit card, we can easily withdraw money from any ATM. Apart from withdrawing money from the debit card, we can make any payment online from this online. Can send money to anyone. Can pay for online shopping. You can recharge on any large shop can recharge.

Let us first know where the debit card is used.

Usage of Debit Card

Debit cards can be used on someone's POS machine. POS machines will often be found near large shops, shopping malls, showrooms, and other merchants where we do not need to pay cash, but we can pay by swiping our debit card or credit card.
Can withdraw cash from any bank's ATM i.e. withdraw money.
Debit cards can be made online at the online e-commerce website.
Any kind of online transaction can be done whether booking any type of ticket, fees must be recharged, to pay any kind of bill.
Can transfer funds with debit card You can send money to anyone you like.

So this was the use of debit card. Now think that the POS machine that you have paid to your shopkeeper or any other merchant, will go to your bank account in his account, whether the account of that merchant and your account in one bank is?

Or do you think that if you want to withdraw money from the ATM machine with debit card, can you withdraw money only from the bank ATM machine in which you have an account?

What if you pay the money to any e-commerce website from a bank's debit card, is that website and your bank one?

When you pay any type of online payment, whether for ticket booking or for depositing fees or for recharging and bills, then the money will go to their bank account. So, do they and your account happen in the same bank?

Whenever you send money to someone with a debit card, do you have more money in the same bank account?

There is no answer to all of these, it is not necessary that the payee and the payee have an account in the same bank. Or it may be said that the person who owes more money to the account is not required to have an account in the same bank. Similarly, we can withdraw money from any bank ATM machine, regardless of any bank holding a debit card.

Then the question arises: After all, how is it that any person holding an account in any bank can pay and transactions with any bank person?

And any bank's debit card can be withdrawn from any bank's ATM machine.

Let us tell you that all this can happen and all this is through the 'payment gateway' which can also be called 'Path of payment' in Hindi.

This is the logo of Visa, RuPay, and Mastercard on your debit card, in fact this is 'payment gateways'.

 

Now the question arises, what is 'payment gateways'?

Let me tell you that 'payment gateways' works as an intermediary between the payers and the bank of the payment taker. Or can it say that it makes a pair between two different banks. With the help of which there is easy transaction between two different banks. It can also say that it becomes the arbitrator between the money giver and the buyer's banks. So that the transaction can be done in both the banks. With the help of 'Payment Gateways', we can pay or make payment to any bank's account holder and with this help we can take payment from any bank account holder. Or say yes can also take money. With the help of 'payment gateways', we can make payments to anyone, regardless of the account of our accountant and merchant. Similarly, we can withdraw money from any bank's ATM machine. Whether our account is in another bank and ATM machine is of another bank.

 

You understood what 'payment gateways' is. And also know that Visa, RuPay, and Mastercard are 'payment gateways'. Now know what is the difference between these three.

Difference in Visa Card Mastercard and RuPay

Visa and Mastercard are both American 'payment gateways' companies that are operating all over the world. With Debit Card with Visa and Mastercard, you can make payments to anyone globally or globally. With the help of these two cards, you can make payments to any country's e-commerce website by staying in India. You can use these two cards internationally. While in India, you can make payments with these two cards in any country. Whether you send money to someone or you can go to any other country and withdraw money from ATM machine with the help of these two cards or you can pay to any shop, merchant by a POS machine. Both of these cards can be shopping in any country. In short, you can use these two cards by moving them into any country.

RuPay Card is the national card made by the Indian National Payment Corporation, which you can use for transactions in India only. But from 2015, it got support from the world's largest paying companies like Discover, JCB, Diners Club, Union Pe and Pulse and its use has increased the area. And some, outside India, used to be used in some places. But all RuPay debit cards can not be used globally. To use globally only a few cards of RuPay come in handy, which are called RuPay Global or Platinum.

The RuPay card is used mostly in India. RuPay card is not accepted in many countries outside of India.