Difference Between Rupay Card, MasterCard, Visa Card

 

Hello Friends, In today's post we are going to tell you what are Rupay Card, Master Card and Visa Card and what is the difference between them. And at the same time you will also know which of these ATM cards you should use. So let's start the post without wasting any time.

 In the earlier times, when there was no ATM card, people used to go to the bank and do money transactions, after that gradually the number of bank account holders increased and long queues started in the bank and due to this the bank officials also had to work a lot. was. Due to which a solution was taken out by the banks and ATM machines were installed at various places and ATM cards were also given to all the account holders. With this, people can now withdraw money without going to the bank, due to which there has been a lot of congestion in the banks. And the work of banks became somewhat easier.

 What is the ATM Card (Debit Card)?

 ATM Card i.e. Debit Card is a plastic card given by the bank to the bank account holder, with the help of which the account holder can withdraw money from the ATM machine without going to the bank. With this, the bank account holder also does not have to go to the bank and stand in lines and the workload on the bank officials also gets reduced. And apart from this, account holders can also use ATM Card for Shopping, Online Payment.

 In today's time, almost everyone has an account in the bank and you will also have an account in the bank, and you will also have an ATM card, but have you ever seen the names of Rupay, MasterCard and Visa coming on the bank ATM card and Have noticed the logo, do you know what they mean and why it is made on the ATM card? If not then you are reading the right post, in today's post we will tell you in detail what is the difference between Rupay Card, Master Card and Visa Card and which one is more useful for us.

Also Read - Withdraw Money without ATM Card

What is Rupay Card, Master Card or Visa Card?

 In simple words, Rupay, Master and Visa Card ie Debit Card ie ATM Card is a payment gateway service that establishes a relationship between the bank and the account holders.  That is, whenever the account holder has to use the money lying in his account, he uses his money with the help of ATM card and our money gets debited from the bank i.e. deducted.  Which is done through the payment gateway between the account holder and the bank.

What Is Rupay Card? 

 Rupay Card is an Indian Domestic Card or Debit Card or to say that Rupay Card is an Indian Payment Gateway launched by NPCI.  Here Indian payment gateway means that it is India's own service.  This means if we use Rupay Card then all our transaction process is stored on the server in India itself and since all our transaction process is done in our own country so our transaction fee is also relatively less.  By using Rupay Card, any kind of our information does not go out of India, so Rupay Card is safe from the point of view of security.

 What Is MasterCard?

 MasterCard is a Multinational Financial Corporation Service.  That is, this payment gateway works at the international level and not at the national level.  This means that if we use MasterCard, then our transaction information goes out of our country, and our transaction fee is also relatively high due to being processed internationally.

Also Read - Difference between Fiber and AirFiber

 What Is Visa Card?

 Visa Card is also a Multinational Financial Corporation Service like MasterCard.  That is, this payment gateway works at the international level and not at the national level.  This means that if we use Visa Card, then our transaction information goes out of our country, and due to being processed internationally, our transaction fee is relatively high in this too.

Difference between Rupay Card, Master Card and Visa Card -

1. Rupay Card is an Indian Payment Gateway while MasterCard and Visa Card is an International Payment Gateway.
2. Transaction Charge is low in Rupay Card, while the Transaction Charge is relatively high in MasterCard and Visa Card.
3. Due to the fact that the entire process of Rupay Card is in India, it is secure, while due to all the process of MasterCard and Visa Card being internationally, it is relatively less secure.
4. Rupay Card can be used only in India while MasterCard and Visa Card can be used for any country

Which is Best Rupay, Master, Visa Card?

Rupay Card is considered good in India because it is indigenous. And good offers are also available on Rupay Card by Indian banks. Charges are also less for using Rupay Card. And it is also more secure in terms of security. While Master Card and Visa Card are mainly for international transactions, their charges are higher than Rupay Card. Now the question comes that which of these cards will be good for you, it depends on your need and transactions. Like if you do all the transactions within India then Rupay Card will be best for you, whereas if you do international transactions then you should use Master Card or Visa Card.

Difference between Credit and Debit Card?

The main difference between a debit card and a credit card is that with a debit card, you can use the money in your account, whereas with a credit card, you can use some money as a loan and when you have money, you can return the money used from the credit card to the bank.

Is Rupay card accepted internationally?

No, Rupay card is not generally accepted internationally, so you should carry a Master Card or Visa card while traveling internationally. But Rupay card can be accepted in some countries but it is not necessary for all countries. So you should carry a Master Card or Visa card while traveling abroad.

What is the transaction limit of Rupay, Master, Visa Card?

The transaction limit of Rupay Card, Master Card and Visa Card depends on the type of account, account holder and type of card, hence it cannot be said what their transaction limit is.

Is there any hidden charges applicable on Rupay, Master, Visa Card?

Yes, there can be hidden charges in Rupay card, Master card and Visa card. Such as yearly charge, cash withdrawal charge, national transaction charge, international transaction charge and late pay charge etc. Therefore, before getting any card, definitely know about their charges.

 So in today's post we told you what is Rupay Card, Master Card and Visa Card?  And what is the difference between them.  So hope you liked this post, if you liked this post or have any question or suggestion, then definitely tell by commenting below.  To read more such useful posts, definitely visit our blog.  Thank you....