THE MAIN DIFFERENCES OF THE

FINANCIAL TOOLS
PAYMENT PROCESSING COMPANIES
There are a lot of d different companies.

Payment Companies Make Moving Money Faster, Simpler and More Secure

American Citibank
Discovery
Express

Chase Capital One

In the simplest terms, a payment processor is
a company that handles transactions
between two parties, such as a merchant
and a customer. It accomplishes the
payment by relaying the payment
information, like a credit card, from the
customer to the merchant’s preferred bank
account.
In most traditional transactions, payment
processors involve the following parties: So which one
 the customer;
 the merchant/business owner; should we
 the payment processor;
 the payment gateway — if not already
choose?
combined with the processor;
 the bank/credit card company of the
customer; and
 the bank of the business.
 VISA VS MASTERCARD

•TODAY VISA IS REPRESENTED IN 200 COUNTRIES, AND MASTERCARD

IS ACCEPTED FOR PAYMENT IN 210 COUNTRIES OF THE WORLD.
•29% OF ALL CARDS IN THE WORLD ARE OWNED BY VISA AND 16% BY
MASTERCARD. THE REST ARE SERVED BY LOCAL PAYMENT SYSTEMS.
•20 MILLION OUTLETS AROUND THE WORLD ARE CONNECTED TO
VISA, 30 MILLION TO MASTERCARD.

The only real difference that stands between Visa and

Mastercard is that your card works on the payment network
that the company operates.
The main difference
It is in the main currency of the payment system.
For VISA it is the US dollar, for MasterCard it is the
dollar and the euro. This does not mean that you
will not be able to pay with VISA in Germany or
France - it means that in this case you will have
two transactions, and each will write off its own,
albeit a small bank commission (up to 1% of the
transaction amount). And the rates here will by
no means be market ones, but internal ones,
assigned by the bank that made the card.
Thank you!