What is the Visa Card???
Visa credit card;- Visa Inc. or Visa is an American multinational financial services provider headquartered in Foster City, California, USA. The company provides electronic fund transfer tools and equipment, and software worldwide.
One of its services is the Visa brand debit card and credit card. Visa never issues a credit card or debit card to any person or organization or sets a credit limit for any card.
It only provides Visa brand equipment to financial institutions to offer to their clients. According to the Nelson report, in 2008, visas accounted for 36% of the US electronic fund transfer market and about 80% of the credit card market. In 2009, Visa completed approximately 72 billion in transactions through its global network, resulting in approximately ৪ 4.4 trillion in transactions.
Visa has business operations in Australia, Oceania, Asia-Pacific, North America, Central, South America, the Caribbean, Western Europe, Central, and Eastern Europe, Africa, and the Middle East. Visa Europe Visa is an exclusive trademark license used only in Europe.
Benefits of VISA Debit Card;-
The modern banking system is moving towards card and net-based online system. Excluding cash counters, ATM booths, and now cashless financial transactions are gaining worldwide popularity.
So with the introduction of VISA debit cards, customers have the opportunity to take advantage of the latest services and the world’s largest payment network.
Customers can shop at hotels, restaurants, airlines, travel agents, shopping malls, department stores, diagnostic centers, hospitals, jewelers, electronics, computer shops, and book buses, trains, planes at home and abroad without cash.
What is a VISA debit card?
VISA debit card, an alternative menu to the ATM card with multiple benefits. With this card, one can make purchases, pay bills, and withdraw money from ATMs. Can use this card at ATM booths of one bank and stalls with the VISA mark.
Visa Electron Debit Card is another popular Visa version, which is more secure and charges less for its transactions.
Debit Card Features; –
✔ Eliminates the need to carry cash. You can swipe the card to make a purchase or use an ATM to withdraw money if needed.
✔ They are entirely secure and secure as soon as you enter the pin code for the final payment.
✔ It is easy to monitor. You always know how much you are spending.
✔ Like credit cards, some debit cards offer reward points for your purchases. Nowadays, several eCommerce sites are offering EMI options on debit cards. So, if you are not a credit card user, you can explore this option.
Works that way without an ATM card;-
ATM card only applies to withdrawals from ATMs. But VISA debit cards have multiple uses besides withdrawing money from ATMs. Can do shopping and transactions without cash by using POS and Internet.
How to shop with a VISA card?
Store where there is a POS, you have to enter the POS machine card by selecting the product and entering the amount of money in the machine.
That amount will be deducted from your account and will print two sets of vouchers from the device—one of which you will save and the other you will sign and give to the shopkeeper.
Where can I use a VISA debit card?
The VISA network is present in almost all countries of the world. Therefore, in addition to ATM booths, VISA debit cards can be used at all VISA Logo connected POS in the country.
Can do financial transactions without cash by using the POS menu for various activities, including shopping from the shop or business establishment, ticket purchase, and bill payment.
How to shop with a VISA card?
Store where there is a POS, you have to enter the POS machine card by selecting the product and entering the amount of money in the machine. That amount will be deducted from your account and will print two sets of vouchers from the device—one of which you will save and the other you will sign and give to the shopkeeper.
If the card is stolen or lost?
If the VISA card is stolen or lost, the bank officer will stop your card’s transaction by calling the call center of that bank and informing about the stolen or lost card. You will be able to retake the card later.
Conclusion; –
Unlike any credit card, the debit card has this unique feature – it sets the budget for you. You will not be able to exceed your payments from your remaining balance in your bank account.
Nowadays, you also get an ATM-cum-debit card, so you can make the best use of both versions- to withdraw money from ATMs and to pay or shop online.
Disclaimer:
Every effort made to ensure that the information provided here is accurate. However, no guarantee give regarding the accuracy of the story. Please check the scheme information document before making any investment.