Card wizard payment system. Visa and Mastercard systems in Russia
MasterCard is one of the popular international payment systems. It includes 22 thousand financial organizations. The card is accepted in 210 countries. The head office of the organization is located in New York, USA.
MasterCard payment system history
Creation date - 1966. The company began to exist as a result of the decision of American banks to create the Interbank Card Association. Subsequently, the system entered: the Mexican bank Banko Nacional and the European Europay International. The current name was given to the system in 1979. After the first members of the association joined, other countries followed suit.
MasterCard today
Now the offices of the system operate all over the world. Participating countries include: Australia, Brazil, Canada, France, Japan, India, Thailand, South Africa and others.
In our country, the system was registered in 2012. The operator is MasterCard. Sberbank of Russia acts as a settlement center.
At the moment, the company is internationally engaged in the development and implementation of technologies for creating cards with microprocessors. In addition, the company is introducing secure electronic payment tools.
The company is issuing credit, debit and co-branded cards. Distinguish:
- MasterCard Electronic (entry-level card without the ability to pay for online purchases);
- MasterCard Standard (the ability to use in debit and credit modes);
- MasterCard Gold (in addition to the capabilities of the previous card, it has an increased expense);
- MasterCard Platinum (premium-class card with a significant amount of money);
- MasterCard World Signia (freedom of payments, privileged service, various benefits);
- MasterCard Secure Code (used to provide virtual payments).
When issuing a plastic card in a bank, sometimes you need to choose which payment system it will belong to: or MasterCard. Since few people know what the differences between these payment systems are, we usually trust the recommendations of the bank manager. Subsequently, it is often necessary to draw up another card, but of a different payment system, since it turns out that it is more convenient to use a MasterCard bank card for trips to Europe.
For most holders of plastic cards who receive a salary, scholarship or pension, they do not have to make such a choice, since most often for this purpose, entry-level cards are used that can only be used domestically.
If you had to pay for purchases on the Internet, then you know that the CVV2 / CVC2 bank card code should be on the back of the card. These are three numbers located next to the strip where you signed. In this abbreviation, another difference between these systems is encrypted. CVV2 (Card Verification Value 2) is used for cards, and CVC2 (Card Validation Code 2) is used for another payment system.
The Internet does not stand still, work is constantly ongoing to improve settlements using a bank card on the Internet. Instead of CVV2 and CVC2 codes, now secret codes of a new generation are already used - 3-D Secure technology. The innovation of this protection method is that instead of CVV2 and CVC2 codes, a one-time password is used instead of CVV2 and sent by the bank in the form of an SMS message. Again, there is a difference. For cards of this payment system, this technology is called Security Code, and for Visa cards - Verified by Visa.
Perhaps this is the end of the features and differences of these systems, noticeable to ordinary users.
Entry-level bank cards Maestro
We can only add that they do not have any significance for the everyday routine use of a bank card. Cards of any international payment system can be used in exactly the same way to pay for goods, utilities, withdraw cash from an ATM, connect Internet banking or SMS banking to the card, etc. Another thing is the list of card capabilities. They depend on the type of card (credit, debit), the “privilege” of the card, the cost of annual services and other factors.
For example, a Sberbank Maestro Momentum card is currently issued for free. It can be used to receive pensions, social benefits, scholarships.
Make a statement at the bank and this card can be used instead of a passbook. With this card, you can pay for purchases in stores, utilities, etc. But for a trip abroad, it will no longer be suitable, since you can use it only domestically and even withdraw cash only at Sberbank ATMs. By the way, note that the front side of the Momentum card is marked with the Maestro logo, not the MasterCard. However, these cards belong to this payment system. Their main difference is that cards with the Maestro logo can only be used domestically.
Types of cards of the MasterCard payment system
Almost all banks issue cards listed below. In addition to the appearance (design) and the cost of annual maintenance, each type of payment system card has its own characteristics. The main difference between any bank cards is that they can be credit or debit. Credit bank cards are intended for the use of funds allocated by the bank on credit in the form of a consumer loan, car loan, etc. Debit bank cards are designed to use your own funds, for example, the salary transferred to the card.
The cardinal difference between a credit card and a debit one is that you cannot transfer money to another card using a non-cash method. But on the other hand, you can pay for goods or services in a non-cash way or withdraw cash in an ATM (with interest). There are a number of differences, but this article will focus only on debit cards.
Cirrus / maestro - This is the most affordable card with a low annual maintenance cost. A slightly outdated system for checking the authorization of the card when conducting cash transactions is used. But this restriction ensures increased safety of your funds, even in the event of a loss of a bank card, since you can use the card only with its physical presence. Simply put, insert into an ATM and dial a pin code.
Perhaps the most popular map of this system is the map Mastercard standard. This is due to the fact that a lot of possibilities are included in it for an optimal price. Unlike the Cirrus / Maestro card, this card can already pay for purchases in online stores, book a hotel room, pay for air tickets, rent a car, pay by card and withdraw cash from ATMs, including abroad.
Gold MasterCard and MasterCard Platinum
For trips outside the country, you can get a Gold MasterCard at Sberbank. You can choose the currency of the card account: rubles, US dollars or euros. The card is protected by an electronic chip. It is possible to issue additional cards in case of loss of the main card. The overdraft limit is also individually determined, it can be used within the framework of a salary agreement, etc. The cost of servicing this Sberbank card is 3,000 rubles a year.
The cost of annual servicing of a Gold card is determined by the issuing bank. But, on average, it is 3,000 rubles a year. However, the card's capabilities justify such a cost. The mere possibility of urgent replacement of a lost card is worth it, as this can save large amounts on the card account. And significant discounts on purchases of goods in many stores more than pay for this amount during the year. Free reporting of cash flow on the card account, various kinds of insurance and privileges, both in Russia and abroad, markedly distinguish this card.
Of the elite cards, you can call the Platinum card. Holders of such a card receive individual service at the bank, and a rather high overdraft limit is provided for Platinum credit cards. During travel, the holder of such a card also receives insurance. In retail chains for this bank card provides various discounts. Platinum bank card is a plastic card of a modern business person.
Virtual cards
Many banks issuing plastic cards offer their customers to create additional virtual cards for payment on the Internet. Bank cards of the MasterCard payment system also provide for the possibility of issuing a virtual card.
A virtual bank card is a reliable way to save money on your main bank card account.
The details of the virtual card are used only to pay for goods and services on the Internet, and at the beginning a certain amount is transferred to the virtual card, having spent that, the balance of the virtual card becomes "zero".
A virtual card is issued for a short period (most often for 3 months) and its balance cannot be exceeded by the limit you set.
Issue of an additional virtual card, depending on the bank, can be 50-200 rubles. But, for the sake of the security of payment from a card account on the Internet, this amount justifies itself.
Video Visa or MasterCard? Or maybe?
When issuing a plastic card at a bank, sometimes it is required to choose which payment system it will belong to: Visa or MasterCard. Since few people know what the differences between these payment systems are, we usually trust the recommendations of the bank manager. Subsequently, it is often necessary to draw up another card, but of a different payment system, since it turns out that it is more convenient to use a MasterCard bank card for trips to Europe.
For most holders of plastic cards who receive a salary, scholarship or pension, they do not have to make such a choice, since most often for this purpose, entry-level cards are used that can only be used domestically.
Payment systems Mastercard and Visa
The Visa payment system was first used in the United States, and therefore, the dollar is used in international financial activities for its settlement. The main currency of a MasterCard bank card is the euro. This is the main criterion for the difference between these two systems, which must be taken into account if you intend to use the card abroad. Nevertheless, the Sberbank MasterCard issued for domestic use can use the national currency - rubles.
It can also be noted that Visa payment system bank cards are more common and therefore have a wider network of ATMs, terminals and other devices around the world. However, inside our country, almost every terminal and ATM has a logo of both systems, and inside the country this factor loses its relevance.
The capabilities of bank cards of different systems are almost the same, but each payment system has its own list of "rewards" and bonus programs for cardholders, which allows you to receive discounts on purchases of goods in many online stores, gas stations, etc. Sometimes this is precisely the decisive factor when choosing a card for domestic use. There are also a number of differences between MasterCard bank cards and cards of other payment systems, which will be discussed below.
MasterCard Worldwide is an international payment system that unites 22 thousand financial institutions (banks) in 210 countries of the world. Almost a quarter of the world's bank cards use the MasterCard payment system. The world championship belongs to the China UnionPay payment system (China), and the second place belongs to the Visa payment system. This data is a convincing argument in favor of the MasterCard, because you can use the card of this system anywhere in the world, withdraw cash from an ATM, pay for services or buy goods. But still, some features should be paid attention to.
As mentioned above, when using a MasterCard in the United States, a double currency conversion will be made from euro to dollars. Therefore, bank cards of the Visa payment system that use the dollar for payments are nevertheless "dearer" in this country. Another thing is in Europe, where the euro is used almost everywhere.
Cards of this system do not have limits on cash withdrawals at ATMs. For Visa cards, the cash advance limit is $ 10,000 per month.
![](https://i1.wp.com/finuse.ru/credit-card/cvc2-cvv2-kod-1.jpg)
If you had to pay for purchases on the Internet, then you know that the CVV2 / CVC2 bank card code should be on the back of the card. These are three numbers located next to the strip where you signed. In this abbreviation, another difference between these systems is encrypted. CVV2 (Card Verification Value 2) is used for Visa cards, and CVC2 (Card Validation Code 2) is used for another payment system.
The Internet does not stand still, work is constantly ongoing to improve settlements using a bank card on the Internet. Instead of CVV2 and CVC2 codes, now secret codes of a new generation are already used - 3-D Secure technology. The innovation of this protection method is that instead of CVV2 and CVC2 codes, a one-time password is used instead of CVV2 and sent by the bank in the form of an SMS message. Again, there is a difference. For cards of this payment system, this technology is called Security Code, and for Visa cards - Verified by Visa.
Perhaps this is the end of the features and differences of these systems, noticeable to ordinary users.
Entry-level bank cards Maestro
We can only add that they do not have any significance for the everyday routine use of a bank card. Cards of any international payment system can be used in exactly the same way to pay for goods, utilities, withdraw cash from an ATM, connect Internet banking or SMS banking to the card, etc. Another thing is the list of card capabilities. They depend on the type of card (credit, debit), the "privilege" of the card, the cost of annual services and other factors.
For example, a Sberbank Maestro Momentum card is currently issued for free. It can be used to receive pensions, social benefits, scholarships.
Make a statement at the bank and this card can be used instead of a passbook. With this card, you can pay for purchases in stores, utilities, etc. But for a trip abroad, it will no longer be suitable, since you can use it only domestically and even withdraw cash only at Sberbank ATMs. By the way, note that the front side of the Momentum card is marked with the Maestro logo, not the MasterCard. However, these cards belong to this payment system. Their main difference is that cards with the Maestro logo can only be used domestically.
![](https://i1.wp.com/finuse.ru/credit-card/mastercard-1.jpg)
Almost all banks issue cards listed below. In addition to the appearance (design) and the cost of annual maintenance, each type of payment system card has its own characteristics. The main difference between any bank cards is that they can be credit or debit. Credit bank cards are intended for the use of funds allocated by the bank on credit in the form of a consumer loan, car loan, etc. Debit bank cards are designed to use your own funds, for example, the salary transferred to the card.
The cardinal difference between a credit card and a debit one is that you cannot transfer money to another card using a non-cash method. But on the other hand, you can pay for goods or services in a non-cash way or withdraw cash in an ATM (with interest). There are a number of differences, but this article will focus only on debit cards.
Cirrus / maestro - This is the most affordable card with a low annual maintenance cost. A slightly outdated system for checking the authorization of the card when conducting cash transactions is used. But this restriction ensures increased safety of your funds, even in the event of a loss of a bank card, since you can use the card only with its physical presence. Simply put, insert into an ATM and dial a pin code.
Perhaps the most popular map of this system is the map Mastercard standard. This is due to the fact that a lot of possibilities are included in it for an optimal price. Unlike the Cirrus / Maestro card, this card can already pay for purchases in online stores, book a hotel room, pay for air tickets, rent a car, pay by card and withdraw cash from ATMs, including abroad.
Gold MasterCard and MasterCard Platinum
For trips outside the country, you can get a Gold MasterCard at Sberbank. You can choose the currency of the card account: rubles, US dollars or euros. The card is protected by an electronic chip. It is possible to issue additional cards in case of loss of the main card. The overdraft limit is also individually determined, it can be used within the framework of a salary agreement, etc. The cost of servicing this Sberbank card is 3,000 rubles a year.
The cost of annual servicing of a Gold card is determined by the issuing bank. But, on average, it is 3,000 rubles a year. However, the card's capabilities justify such a cost. The mere possibility of urgent replacement of a lost card is worth it, as this can save large amounts on the card account. And significant discounts on purchases of goods in many stores more than pay for this amount during the year. Free reporting of cash flow on the card account, various kinds of insurance and privileges, both in Russia and abroad, markedly distinguish this card.
Of the elite cards, you can call the Platinum card. Holders of such a card receive individual service at the bank, and a rather high overdraft limit is provided for Platinum credit cards. During travel, the holder of such a card also receives insurance. In retail chains for this bank card provides various discounts. Platinum bank card is a plastic card of a modern business person.
Virtual cards
![](https://i0.wp.com/finuse.ru/credit-card/virtualnaja-karta-s.jpg)
Many banks issuing plastic cards offer their customers to create additional virtual cards for payment on the Internet. Bank cards of the MasterCard payment system also provide for the possibility of issuing a virtual card.
A virtual bank card is a reliable way to save money on your main bank card account.
The details of the virtual card are used only to pay for goods and services on the Internet, and at the beginning a certain amount is transferred to the virtual card, having spent that, the balance of the virtual card becomes "zero".
A virtual card is issued for a short period (most often for 3 months) and its balance cannot be exceeded by the limit you set.
Issue of an additional virtual card, depending on the bank, can be 50-200 rubles. But, for the sake of the security of payment from a card account on the Internet, this amount justifies itself.
Publication Date: 19/02/2013
Depending on the type of card, its capabilities will depend, including the cost of annual maintenance and the cost of reissuing a card, for example in case of loss.
If you lose your bank card, you will have to get a new card with a new number and pin code. Card account number will remain the same. In case of loss of a card, the bank only temporarily blocks the account.
Receiving any card of the MasterCard payment system, you will be given a “secret” envelope in the bank containing the PIN code of the card, as well as the card account number.
The main advantage of electronic money is that it is impossible to lose an electronic wallet like a bank card and you do not need to enter the secret code CVV2 (Visa card) or CVC2 (MasterCard card).
Both for opening and closing a card, the bank has certain rules that are detailed in the agreement.
Due to its practicality and convenience, a plastic card has firmly entered the life of a modern person. Now each bank card holder can safely and comfortably pay for purchases, both in the store and on the Internet.
In addition, the use of plastic is beneficial not only for the average person. Banking institutions in pursuit of the client, offer many different discounts and bonuses. This circumstance brings considerable benefits. Therefore, all that remains is to choose a product and decide which payment system to use.
In this article we will tell: What are the payment systems? What is their difference? And which card to choose in this or that case?
Surely every plastic card holder at least once in his life wondered: “How does it work? How can one person transfer money to another through plastic? ” In order to answer such questions, you need to know and understand what a payment system is.
So, a payment system is a certain set of rules according to which there is a technology for the circulation of money between individuals and legal entities. In simple words, all the card operations that are used to us are possible due to the existence of a payment system.
Despite the fact that there are many types of payment systems, they are all designed to solve certain problems. For instance:
- Allow users to make money transfers;
- Make calculations;
- Regulate financial obligations between parties and others;
In addition, payment systems have a number of advantages, namely:
- Transactions are made instantly. For example, a client can convert a currency within a few seconds;
- Relatively low commissions. The holder can use one plastic card around the world, while he will pay a small fee. In addition, there are such cards according to which operations performed in different corners of the globe will be free;
- The system always guarantees anonymity;
- High level of security;
- In addition to card transactions, the holder can always make additional payments, for example, payment of utility bills or the Internet.
The tasks and advantages of payment systems are firmly connected with each other. Their interaction is carried out strictly according to the established rules, which are enshrined in legislative acts. Therefore, absolutely all participants in financial transactions are required to comply with them.
The main participants in the process are considered: the Central Bank, banks, other non-banking institutions. In order for the payment system to be effective, it must constantly work. Uninterrupted payments are assigned to the country's main regulator - the Central Bank. It is on his well-coordinated work that the stability of the country's banking system as a whole depends.
Thus, the payment system is the link between the cardholder and the banking institution. Without it, it would not be possible to carry out financial transactions. Each payment system is different from the others, and has its own specific capabilities. Thanks to this, the client has additional amenities. And which ones? Let's consider further.
What types of payment systems exist
If you carefully consider any plastic card, you can see that each of them must indicate the name of the payment system to which this card belongs.
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Surely, there will be such instances on which the inscription "PRO100" is indicated. It is worth noting that the creation of such a payment system belongs to Sberbank. In 2012, the bank created this system based on the existing MasterCard technology. It was intended to combine a payment instrument, with a passport or other identification document. However, despite the efforts expended, the attempt was not successful, and the development of the PRO100 had to be curtailed. By 2017, it was replaced by a new payment system called MIR.
The most famous and common payment systems in our country are Visa and MasterCard. Such cards are issued by almost all banking institutions. However, along with them there are other types of systems. For example, American Express, UnionPay, JCB and others.
The table describes in detail some types of payment systems:
Type of payment system | A brief history of creation | Description | Sample Cards |
Visa | It was established in 1958 by the major American bank Bank of America. In the Soviet Socialist Republic appeared in the late 80s. | The largest international system operating in more than 200 countries. The system represents all the main types of cards. The main currency in the system is the US dollar. Cards are equipped with chips and magnetic strips. PayWave technology is available for them - contactless payment. Security is supported by CVV2 code, PIN-code, as well as SMS-password for 3D Secure. | Visa Electron - Electronic, Visa Classic - Classic, Visa Gold - Gold, Visa Platinum - Platinum, Visa Infinite - Premium, Visa Signature - Premium, Elite |
Mastercard | Appeared in 1966. In our country, it gained distribution in the 2000s. | The second most popular payment system in the world. However, it was this system that first issued cards with the possibility of contactless payment. In general, the system is similar to VISA, however, not only the US Dollar, but also the Euro is considered the main currency. | MasterCard Maestro - Electronic, MasterCard Standard - Classic, MasterCard Gold - Gold, MasterCard Platinum - Platinum, MasterCard World - Premium, MasterCard World Black Edition - Premium, Elite |
PEACE | The system was created in 2015. The reason for the development was the international sanctions imposed by European countries. In 2017, almost all banks in Russia issue cards of this system. Therefore, pensioners, state employees and civil servants began to be massively transferred to it. The system has entered into agreements with MasterCard, UnionPay and JCB to issue cards that are being discussed abroad. | Russian national payment system. The main currency in the system is rubles. Issued cards have a chip or magnetic strips, some have contactless payment. Card security is provided by MirAccept technology. This system issues debit cards of various status categories. |
MIR - Electronic card, WORLD Classical - Classical, WORLD Premium - Premium, MIR-Maestro - Classic cobaging, MIR-UnionPay - Classic cobaging, MIR-JCB - Classical Cobaging |
American express | It was founded in 1850. In 1887, they learned about the system in our country. | One of the oldest payment systems in the world, it is widely used mainly in the USA. Despite the mature age, a limited number of people use the cards of such a payment system, mainly travelers and wealthy people. Holders have various privileges, such as travel insurance, discounts and more. The main cards are credit cards. The main currency in the system is the US dollar. |
American Express - Classic, American Express Gold - Gold, American Express Platinum - Platinum |
Unionpay | The payment system was created in 2002 by the People's Bank of China. Cards appeared on the Russian market in 2007. | The Chinese system operates in 157 countries. Uses the same technologies as international payment systems. Both debit and credit cards are issued. The main currencies are the yuan, if the card is served in China, and the US dollar in other countries. These cards do not have contactless payment. | UnionPay Classic - Classic, UnionPay Gold - Gold, UnionPay Platinum - Platinum |
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The presented list is not exhaustive, however, having studied it, you can understand what the difference and advantages of a particular payment system are.
It is worth remembering that where and how the card can be used will depend on the right choice.
What are the differences between "VISA", "MasterCard" and "MIR"
As noted earlier, the most common payment systems in Russia are VISA, MasterCard and MIR. In order to understand the difference between a Visa card and a Master Card, and to find out what are the advantages of “World”, it is necessary to compare these payment systems.
Categories | VISA | Mastercard | PEACE |
Base currency | U.S. dollar | Euro | Ruble |
Conversion fee | 0-5% | 0% | As part of the agreements |
Benefits | Cash can be received at any ATM anywhere in the world; Cashless, you can pay at any outlet in any country; High level of security; various bonus programs and discounts; | Fast and affordable money conversion anywhere in the world; Fast cash out with minimal fees; Possibility to change the limit for withdrawing money per day; Various bonuses and discounts. |
Autonomy and independence from foreign payment systems; High level of security; Constantly improved; apply modern technology. |
disadvantages | When converting abroad, for example, from rubles to euros, the exchange will take place through the US dollar. As a result, with a double exchange, it is possible to lose a significant amount of money; Premium cards are not available to the average person, due to the large service fees. | There is no way to bind additional cards; Double exchange through the Euro. | The system works only in a limited circle of countries; it is not always possible to pay with cards; lack of bonus programs; Conversion occurs only in rubles. |
As can be seen from the comparison table, each payment system has its advantages and disadvantages. Is it hard to say which is better than a master card or visa? Or maybe the user will make a choice in favor of the WORLD? In any case, one thing is clear - so that the advantages of payment systems do not turn into disadvantages, you need to make the right choice and issue a card, depending on the area of \u200b\u200bits use.
Which card to choose?
The individual features of payment systems include:
- Availability of a contactless payment system;
- The main currency that can be settled abroad;
- The presence of bonus programs and discounts that can significantly save users money, etc.
In this regard, before making a choice in favor of a particular bank card, you need to know for what purposes it will be used.
Using a bank card for modern society has become an integral part of life. This saves a lot of time, as cash and cashless payments are available. The credit line helps consumers experiencing financial difficulties. However, most customers do not understand the difference and doubt that they should choose - Visa or MasterCard. Each has its own characteristics. Knowing them, you will not have to choose blindly.
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Visa payment system
The leading international system is based on dollar currency. The conversion here passes through this unit of account. The reason for the popularity of the service is the use of 30 million trading enterprises operating in more than 200 countries.
The American company occupies about 28% of the card market. The greatest demand is recorded in the settlements of North America, and the smallest - in Asia. Participates in the work of its own utility for security 3D Secure. The purpose of the implementation is to increase security and simplify online payment by card.
The security structure is based on 3 independent domains:
- Issuer (banks and cards).
- Acquirer (financial companies and owners).
- Interaction (negotiates domains).
Each money transaction goes through them. The company appeared in the Russian Federation in 1974. Partners - all Russian banks.
Characteristics:
- the total number of servicing ATMs is more than 1 million;
- over 50% of the turnover of financial international organizations goes through the system;
- 20 thousand institutions - participants.
Among the advantages:
- account management is available around the clock and in any locality;
- conducting online operations;
- the currency is universal for each of the states;
- no commission when writing off (does not depend on location).
Over the past decade, the service sector of the system in the Russian Federation has expanded greatly. Most Russian workers are holders of salary debit cards of this service. There is hardly a cinema, cafe or supermarket where there is no special terminal for cashless payments.
Mastercard payment system
Another international corporation that brings together a huge number of financial companies. In order to understand how Visa differs from MasterCard, it is important to familiarize yourself with the features of each system.
The service unites over 20 thousand enterprises of the credit sector, which are located in 210 countries. Among the main activities:
- card issue;
- electronic online payments;
- service physical individuals and corporate clients.
Now the corporation covers the market for issuing plastic cards by 25 percent. The number of annual transactions is over 25 billion. The indicators for the use of products in the Russian Federation are constantly increasing, so the share of Mastercard on non-cash transactions is 38%. The system is rapidly catching up with Visa. Almost all Russian banks cooperate with the corporation.
MEAs are most popular in the EU, China and Brazil. The minimum number of system customers is registered in North America, although the corporation has a representative office in the United States.
MasterCard Features:
- conducting cash transactions by individuals and legal entities;
- emission programs (production) of bank cards.
The number of holders increases with the number of positive reviews. The development of service and functionality is carried out constantly. This is due to the use of products in Russia, since the state offers the company's profit growth.
According to statistics, 40% of the banking instruments of the Russian Federation are issued by this company. Soon she will not yield to Wiese. The rapid growth of the system is due to partner banks, and especially to Sberbank.
Similarities and differences Visa and Mastercard
These two largest services occupy a leading position among peers, since their reliability is not in doubt. The Visa indicator for the scope of non-cash transactions is higher, but it appeared on the market earlier. Customers of payment systems would like to know what is the difference between Visa and MasterCard.
There are more terminals supporting Visa, but they also service MasterCard plastic. In terms of consumer qualities, the services are almost identical. By level, Visa and MasterCard cards are divided into regular, advanced and premium. These are debit instruments and credit cards.
Systems have a series.
In the Russian Federation and foreign countries, most consumers use the products of these MEAs, but more often it is not known which card is better - Visa or MasterCard. An unambiguous choice is impossible. The functionality of the services is similar, in most institutions payment is made through them.
It is customary to issue a dollar or ruble account on the basis of Visa, and the euro and national currency - on the Mastercard. Attaching an account to an American or European unit of account is conditional; binding is available to any of them.
The conversion process varies, but this is not due to global services, but to the specifics of the card issue industry. Some consumers prefer to use the Visa, considering it more reliable, but this is not so.
Similarities of the IPU:
- level of protection;
- three year activity period;
- instant payment transactions;
- high availability of use;
- account supports 3 currencies;
- full operation outside the Russian Federation;
- the same annual service fee.
There are no significant differences between the systems. In technical terms, they are no different, which is confirmed by the reviews of the owners. Only in specific situations are differences identified.
These are the cases:
- the use of plastic at different levels;
- bonus conditions of partners (banking organizations) that are associated with Visa and MasterCard payment systems;
- in the process of conversion;
- when paying online or using the terminal.
Comparative analysis.
Parameter | Mastercard | Visa |
Spread | 210 states | 200 countries |
Market coverage | 25% | 28,5% |
Security code | CVC2 | CVV2 |
Add. services |
|
|
Outlets | 30 million | 20 million |
Bonuses |
|
|
Which card is better in Russia
MPS Visa, Mastercard and MIR (new national service) are available for citizens of the Russian Federation. The latter appeared in 2014. This is a Central Bank product, independent of foreign organizations. MIR plastic has similar options as American systems:
- disbursement of funds and deposit;
- cashless transactions calculation;
- money transfers.
The only difference is the inability to use the product abroad. However, if the consumer does not plan trips to foreign countries, this is not a disadvantage. The national system of the Central Bank of the World is convenient, affordable, safe and secure.
Sberbank Products
All major banks of the Russian Federation cooperate with both payment systems. Often, consumers have to decide which card is best to issue - Visa or MasterCard of Sberbank. If it is difficult to choose, you should compare the characteristics of the MPS.
Users can access virtual, credit and debit lines with the logos of these systems. You can select instant products on the front of which there is no holder information. They are received immediately. An example of such products is the Maestro series. Many Maestro owners do not know if Visa or MasterCard. This series belongs to the initial level of MPS Mastercard.
An analogue of the second service is Visa Electron. Classic and premium products are also available. Therefore, it is better to determine which is better - Visa or Mastercard of Sberbank by the client himself, based on his own preferences.
Instant plastic is issued immediately upon filling out the application, and also differs in the absence of a service fee. However, this line has its drawbacks. It is impossible to withdraw money from non-named instruments abroad, as well as pay for goods in most online stores.
Attention! In the SB promotions, “Give Life” and “Aeroflot” products with the Visa logo participate. Holders of Aeroflot products are awarded points that accrue, and discounts are provided when buying tickets.
Which card to choose for a trip abroad
If you are traveling to another country, it is important to understand the conversion algorithm when shopping abroad to decide which system of the two.
The products of both MEAs are accepted for payment worldwide. If it is impossible to determine what to choose Visa or MasterCard, the design of two types of plastic is available, tied to one account number. The result is a co-keying product: either microchipped or equipped with a magnetic strip.
The conversion mechanism operates as follows:
- When paying in a foreign store in the state currency, the bank servicing the trading company sends to the Ministry of Railways information about the need to write off a certain amount from the owner of the plastic.
- The MPS converts the local unit of account into the currency used in the settlement between the system and the bank that issued the card, and then issues an invoice.
- Further, the converter acts on the basis of the terms of the bank. Own exchange rate or securities may be used.
For conversion, additional commissions are not provided within the services; Visa and MasterCard payment systems do not receive profit from this.
Differences in MPS are insignificant. Before you apply for plastic, you just need to clarify the conversion rate in a particular banking company, and also choose a product:
- with profitable cashback;
- affordable cost of service;
- a small commission for issuing money in foreign countries.
You need to decide which card is better than Visa or MasterCard yourself, taking into account your own preferences.
To Europe
The main difference is clearly seen when operating abroad. The difference is the use of the dollar currency in the case of Visas and the euro if Mastercard is applied. Outside the Russian Federation, the currency is converted from the basic unit of the card. Any of them can be used as the main one when opening an account. This will significantly save the holder.
Consider the situation. The owner of the Mastercard with a ruble account is going to pay for a hotel room in Vienna. Calculation in euros. In this case, the conversion takes place according to the ruble - euro rule. If the user has a Visa, then the model will be different: rubles - dollars - euros. As a result, you have to pay a commission twice. Therefore, when planning a trip to Europe, it is worth choosing a Mastercard.
Attention! If a Gold or Platinum series card is suddenly lost, reissue will be made in the shortest possible time. Cash withdrawal will be provided. And also premium-class product owners can get help from lawyers and doctors for free.
As an example, consider the need to pay a T-shirt in dollars. Conversion to MPS Visa is carried out according to the rule: rubles - dollars. In the case of Mastercard differently: rubles - euros - dollars. In other words, going to the USA, it is worth choosing Visa so as not to pay a double conversion fee each time.
Important! If you open not a ruble, but a dollar account at the bank where the plastic is ordered, then the purchase of currency will occur at the request of the holder once, and not with each payment transaction. Do the same with the euro. When ordering a card, check with the bank manager.
Conclusion
If a card is needed for crediting salaries in rubles and conducting various financial transactions within Russia, then you should choose not for payment systems, but for the benefit of the tariffs of the initial, classic and premium rulers. Also, plastic is virtual or regular, debit, or with credit.