Credit Cards

[Infografis] The Difference Between Visa, Mastercard, and JCB


Visa, JCB, and Mastercard are the largest payment network technologies that have been used by many countries.

They provide a payment system on cards and connect cards with merchants.

In e-commerce, the bank that provides the cards, either debit or credit, is called issuing bank, or issuer. They’re also the one that sets the interest rates, credit limits, other charges and fees, rewards, and perks for every type of card they offer.

The merchants are the ones that provide you with goods and services.

An acquiring bank, or acquirer, is the financial institution in which the merchant has chosen to place their bank account.

This is where their cashless transactions go and get processed. Put simply, acquirers are the ones that process the transactions for issuing banks to receive the payment.

In some cases, the bank can be both the card issuer and acquirer.

These financial institutions, including payment network, enable the processing of cashless transactions.

Payment network charge merchants a fee for using their card brand as a payment method. And this is mainly where they vary.

Visa and MasterCard are two of the most popular card brands with each of them having over eight million merchants worldwide. This is because they offer lower fees to merchants, as compared to other card brands. With every transaction, a merchant can be charged from 1.5% to 2.5%.

These card brands differ largely from the features they offer customers. Whether you’re looking for best travel perks, consumer protection, or strict security measures, each card brand has its own set of packages for their target consumers.

Getting the right package for your lifestyle will definitely save you a lot of money.

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Puthut Susilo


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    • Hi Reza,
      Thank you for reaching out to us. We cannot say one system is better than the others, every each one of them has its own strengths and weaknesses. In terms of recommendation, it depends entirely on your needs. Cheers.

      Best Regards,
      Loyal Hackers

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