Difference between Rupay Visa and MasterCard
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What is the Difference between Rupay, Visa, and MasterCard?

In today’s era almost every person uses ATM or Debit card. There are many types of debit cards such as, MasterCard, Visa and Rupay Card. Visa and Master card have been in trend for a long time but now India’s own Rupay card has also arrived and its users are also increasing rapidly. But do you know what is the difference between Visa, Master and Rupay cards. In today’s post, we will talk about this.

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Friends, when you apply for an ATM card, you are asked which card do you want, whatever ATM card you have, it is also written on it like – rupay, visa, mastercard. You should choose ATM Debit Card according to your need, this will save a lot of your money.

What is the difference between Rupay, Visa and MasterCard

Payment Gateway:

As you probably know that a payment gateway is required for debit card transactions. Here Visa and MasterCard work on foreign payment gateways (American companies) whose servers are in America. The same RuPay card is operated by the indigenous payment gateway NPCI (National Payments Corporation of India) present in India. India is the sixth country in the world to have its own payment gateway.

Card type:

If we talk about the type of card, then Visa and Master card are available in debit and credit cards but RuPay card is still issued only in the form of debit card. Now some banks have started issuing RuPay credit cards as well.

Processing Fee:

Visa and Master are based on foreign payment gateway, hence their processing fee is high, while Rupay card being indigenous payment gateway, its processing fee is low. For example, if a transaction with Rupay card takes Rs 2.50, then Visa, Master takes Rs 3.25 for the same transaction. Meaning it is less expensive to use a card with indigenous payment gateway.

International Recognition:

So far you can use Rupay card only in India, this card is not valid outside the country, the same is Visa Master International card and is valid in most countries so that you can use them outside the country as well.

Security:

Due to working on foreign payment gateways, your Visa and MasterCard data is shared internationally but the data of RuPay card remains in India, due to which Rupay card is considered to be the most secure in India.

Hope you liked the information given regarding the difference between Rupay, Visa and MasterCard. If you use ATM card only for domestic use then you should go towards Rupee card because the charges of this card are very less and with this card you can withdraw money from any ATM in the country and also make POS payment.

That’s all for now, soon you will meet with a new topic.

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