You're forgetting to mention that worldwide, the Visa card is accepted in roughly twice as many businesses than MasterCard and that makes it the biggest difference of all between the two. I was very upset when my bank suddenly switched from Visa to MasterCard. that's when I started getting problems. I have nothing against either company but when I start getting issues where businesses don't accept MasterCard then that's a red flag for me. I'm changing bank for this.
Visa was a sponsor of the FIFA World Cup last year and it was the only accepted card there. Apart from these perks, they are mostly the same so it is better to have both. But the best credit card network in my opinion is American Express. It is both an issuer and a card network but not accepted everywhere.
I'm going to piggy back you here because I use to work for two banks that used VISA, Mastercard, and Discover. 99% of travel credit cards, use Visa, because of the acceptance rate. Visa also gives you tier protection depending on your credit limit as well. (for example, one friend has a travel card with 3k limit and they have standard Visa benefits, where my other friend has a 20k limit and they have top tier benefits.) Visa is accepted about 2% more places then Mastercard is. Mastercard packs amazing perks and benefits that Visa does not match. (to my understanding) However, the 2% margin of acceptance is shrinking, making its almost the same. Visa also markets their brand and has been marketing their brand stronger then Mastercard given them a HUGE foot print and now Mastercard is trying to make up for it by partnering with more and more banks to close the gap. DO NOT BE SURPRISED if you replace your card and then suddenly see Mastercard in the corner and not Visa. In the US, Canada, and most a Mexico Mastercard is perfectly fine. Over seas you should carry a Visa card with you just incase.
If you don't travel out of your own country, it does not matter what credit card you have. For the frequent traveler, it is wise to have all four (MasterCard, Visa, Discover and Amex). There are places/events that only accept one type of card because that particular event is sponsored by that card issuer.
I agree that in general there's little difference between Visa and MasterCard. Some exceptions might be where each is accepted. The real difference is in the tiers and the issuing bank. For instance, the perks on my Chase Sapphire Reserve Visa Infinite card are vastly better than a Visa Signature card. And I found out recently that MasterCard World Elite cards will get new perks including cell phone insurance soon.
It would be interesting to know more about the origins of these cards. I think Visa used to be the Bank of Americard (sp?) and Matercard used to be MasterCharge (not sure what bank(s) were the first to issue Mastercards.) Anyway, as others have said it's good to have both. Some merchants/venues only take one or the other and the perks can vary. Another thing are the perks with VISA Classic, VISA Signature, and Visa Infinite. Also the perks with Mastercard Gold, Platinum, World and World Elite.
In my country, Tanzania, visa card is used in the specific bank ATM but MasterCard can be used in any bank ATM. TO us that is the big difference between the two.
Good Job, Ryan ...NOTE: The Smith's grocery store in my neighborhood announced last month that they will not be taking VISA anymore ...the employees say that their 'FEES' are prohibitive and bordering on 'usury'
Having both may be a plus because u should consider that all merchants do not except a master card (credit) for example, Costco is one of those merchants. They have a contract with visa & because of it a visa credit card is the only form of credit they will accept.
There is no major difference between to the two for the consumer. The differences between the two will affect the merchant because as stated in the video, they are charged a fee per swipe. The main time there's a difference as a consumer is when traveling internationally.
For the consumer the difference between Visa abs MasterCard is there’s more MasterCards that are available with no annual fee. Only the Entry level Visa cards are no annual fee while only upper level MasterCards charge an annual fee.
Oldschool method, i kind of prefer it too, cause it makes me remember stuff better, than from reading off a screen, cause while you write it down it kind of gets imprinted in your memory. ;-)
MasterCard has a better network when in a foreign country. Sometimes the visa card network fails while the MasterCard network is successful in completing transactions
Agreed. I just found a restaurant in the Netherlands where they only accepted mastercard and no visa... So for international travelers it's best to have both.
In Australia they’re both accepted equally and I have both and literally there is no difference. Also- we have way more banks than America. Bankwest (my bank), commonwealth banks, nab, westpac, anz, bank of Queensland, st George, Bendigo bank, I could go on, there’s so many more
There's the beginnings of a class action lawsuit in the UK regarding high merchant fees, which are passed on to the customer by the high price of goods and services. If the outcome is in favour of the consumer, anyone who's bought something in the last few years in the UK could be entitled to a windfall some of about £300.
Wealthbuilderz TV The difference with Discover is they don’t rely on an outside bank. They are lending money directly. Amex is the same but it has a MUCH better head start.
I think the comparison should be between Visa/Mastercard v. American Express. Visa/Mastercard thrive in environments of huge transaction volume as they make a recurring revenue through a transaction fee based off of those transactions. American Express on the other hand does not most usually involve a fourth party in the form of a bank. But due to AmEx having to foot credit risk unlike Visa/Mastercard their fees charged to merchants are higher thus AmEx not being accepted as readily as profit strapped businesses. In the end Visa/Mastercard business model is very profitable thus the valuation in both Visa/Mastercard being around 30+times earnings meanwhile banks like Bank of America JPM trading south of 15 and American Express thereabouts as well. Visa and Mastercard are pipelines that will thrive when the consumer is healthy and they unlike issuers of cards don't foot credit risk hence the premium valuations! Sorry for rant but looked into this myself as well.
For me the difference is that visa is my money or wht ever u have in ur bank and,, and Mastercard is my credit cards so visa is debit card and Mastercard is creditcard , ,, thats how i see it
In Australia there is virtually no difference between Visa or Mastercard. Visa does have a slightly bigger world wide market share, but for average everyday consumers that makes no difference to us. I do have to mention that American Express in Australia is not as widely accepted as Visa and Mastercard.
Visa and Mastercard are payment companies, im glad he clarified that a couple of minutes in but he called them credit card companies in the beginning which is not true. Additionally, visa and mc dont make money off the merchant at all, they make money off of the bank for processing their transaction and for connecting a merchant’s bank to the cardholder’s bank, ppl need to get more informed before they start making videos...
the banks are the ones that make money off of the merchant, lets say u buy something worth a $100 at home depot, home depot has a bank that gave them a pos device that allows them to accept cards, for providing them w that service said bank charges home depot a merchant discount rate of 3% (negotiable across markets, this is just an example) off of that 3% said bank then transfers over 1.5% over to the cardholders bank, this is called interchange and its necessary bc the merchant bank isnt going to be providing pos’s for free and the issuing bank wont be motivated to issue cards without getting something back in return, in this case the merchant is being benefitted and willing to pay this fee because they can have the ability to accept payment from anyone around the world. Visa is the brand that connects the merchant bank to the cardholders bank, without them none of this would be possible, and visa will end up charging small fees to both the merchant bank and the cardholder’s bank for providing them with this service.
Hello, you mentioned in video about special perk and reward, connected with banks and merchants, which has nothing to do with Visa or MasterCard. But what about Visa Offers program? It IS connected with Visa
I just applied for a classic mastercard. The Bank employee told me they will only charge me $5 a year for the service. Is that true ? OR I have to pay for stuff ? I don't want interests. I just want a card where I can shop online or when I travel etc. What do you suggest guys ?
Great video! Always interesting to learn about these companies. You should consider Visa as a company to invest in, as it is an excellent (and safe) company which should rise from the increasing e-commerce dominance ;)
Cryptocurrency are better, you have, bank-network-money, all in the same decentralized system. Well, is is better to use it for trading and as storage of value, because it is difficult to find who accept it.
You're forgetting to mention that worldwide, the Visa card is accepted in roughly twice as many businesses than MasterCard and that makes it the biggest difference of all between the two. I was very upset when my bank suddenly switched from Visa to MasterCard. that's when I started getting problems. I have nothing against either company but when I start getting issues where businesses don't accept MasterCard then that's a red flag for me. I'm changing bank for this.
*So basically, no difference.*
Visa and MasterCard stocks have done extremely well in the past 5 years. Massively outperformed the market
Visa was a sponsor of the FIFA World Cup last year and it was the only accepted card there. Apart from these perks, they are mostly the same so it is better to have both. But the best credit card network in my opinion is American Express. It is both an issuer and a card network but not accepted everywhere.
This has to be the dumbest comment ever. You just called AMEX the best and then said it’s not accepted everywhere. Listen to yourself.
I'm going to piggy back you here because I use to work for two banks that used VISA, Mastercard, and Discover. 99% of travel credit cards, use Visa, because of the acceptance rate. Visa also gives you tier protection depending on your credit limit as well. (for example, one friend has a travel card with 3k limit and they have standard Visa benefits, where my other friend has a 20k limit and they have top tier benefits.) Visa is accepted about 2% more places then Mastercard is. Mastercard packs amazing perks and benefits that Visa does not match. (to my understanding) However, the 2% margin of acceptance is shrinking, making its almost the same. Visa also markets their brand and has been marketing their brand stronger then Mastercard given them a HUGE foot print and now Mastercard is trying to make up for it by partnering with more and more banks to close the gap. DO NOT BE SURPRISED if you replace your card and then suddenly see Mastercard in the corner and not Visa. In the US, Canada, and most a Mexico Mastercard is perfectly fine. Over seas you should carry a Visa card with you just incase.
This is true!
If you don't travel out of your own country, it does not matter what credit card you have. For the frequent traveler, it is wise to have all four (MasterCard, Visa, Discover and Amex). There are places/events that only accept one type of card because that particular event is sponsored by that card issuer.
Its wise to have all four if you can get them
Invested in VISA in 2012 as my first stock. Loved the ROI, and probably will never sell
I agree that in general there's little difference between Visa and MasterCard. Some exceptions might be where each is accepted. The real difference is in the tiers and the issuing bank. For instance, the perks on my Chase Sapphire Reserve Visa Infinite card are vastly better than a Visa Signature card. And I found out recently that MasterCard World Elite cards will get new perks including cell phone insurance soon.
It would be interesting to know more about the origins of these cards. I think Visa used to be the Bank of Americard (sp?) and Matercard used to be MasterCharge (not sure what bank(s) were the first to issue Mastercards.) Anyway, as others have said it's good to have both. Some merchants/venues only take one or the other and the perks can vary. Another thing are the perks with VISA Classic, VISA Signature, and Visa Infinite. Also the perks with Mastercard Gold, Platinum, World and World Elite.
Basically none for the end consumer, just whatever bank/product you're using!
In my country, Tanzania, visa card is used in the specific bank ATM but MasterCard can be used in any bank ATM. TO us that is the big difference between the two.
So great vid, forgot about locations where cards are accepted. Very relevant for international travel
Good Job, Ryan
...NOTE: The Smith's grocery store in my neighborhood announced last month that they will not be taking VISA anymore ...the employees say that their 'FEES' are prohibitive and bordering on 'usury'
This is a great in-depth video about the difference between the two major card processors.
Having both may be a plus because u should consider that all merchants do not except a master card (credit) for example, Costco is one of those merchants. They have a contract with visa & because of it a visa credit card is the only form of credit they will accept.
There is no major difference between to the two for the consumer. The differences between the two will affect the merchant because as stated in the video, they are charged a fee per swipe. The main time there's a difference as a consumer is when traveling internationally.
I've wondered this for years. Early on I think MC and Visa had different acceptance rates, but think if that were true, it's long gone now.
The exchange rates for VISA and Master are slightly different. You'd better check the rate before you shop overseas.
some businesses/merchants offer a lower cash option to avoid credit card fees to try to make you not use a card just a fyi :)
For the consumer the difference between Visa abs MasterCard is there’s more MasterCards that are available with no annual fee. Only the Entry level Visa cards are no annual fee while only upper level MasterCards charge an annual fee.
I like how he has a laptop right in front of him, yet needs to refer to his pad of paper for notes
Oldschool method, i kind of prefer it too, cause it makes me remember stuff better, than from reading off a screen, cause while you write it down it kind of gets imprinted in your memory. ;-)
@@rekasfpreparat trueeee 😉
Thanks for that Ryan. ive had a visa for years, and no one ever explained it like that.
MasterCard has a better network when in a foreign country. Sometimes the visa card network fails while the MasterCard network is successful in completing transactions
I thought it's was the other way around!
Agreed. I just found a restaurant in the Netherlands where they only accepted mastercard and no visa... So for international travelers it's best to have both.
Great having both imo. Can never go wrong as long as you use the credit responsibly! 🙌👍💯
HEY WHAT DO YOU THINK ABOUT INVESTING IN VISA OR MASTERCARD STOCKS ?? WHICH ONE DO YOU PREFER ?
I INVEST IN VISA
I have Visa, but I don't think you can go wrong with both.
@@christopherclayton7688 VERY TRUE THEY BOTH GIVE V GOOD ROI
Visa was started by Bank of America in California. MasterCard was started BOA,s California bank competitors. That is the only difference.
Worldwide though Visas are more widely accepted. In the US, it really doesn’t matter unless you shop at Costco.
In Australia they’re both accepted equally and I have both and literally there is no difference. Also- we have way more banks than America. Bankwest (my bank), commonwealth banks, nab, westpac, anz, bank of Queensland, st George, Bendigo bank, I could go on, there’s so many more
Thank you for clarifying this for us Ryan! 💳 I bank with a local credit union. My debit is Mastercard & my credit card is Visa 👌🏼
There's the beginnings of a class action lawsuit in the UK regarding high merchant fees, which are passed on to the customer by the high price of goods and services. If the outcome is in favour of the consumer, anyone who's bought something in the last few years in the UK could be entitled to a windfall some of about £300.
One has a Visa logo and the other has a Mastercard logo
TheRjmayer Yeah..thanks for explaining to us what Is on the thumbnail...
so basicilly they have a monopoly on this industry. Discover is trying to get involved but it seems like its hard.
Wealthbuilderz TV
The difference with Discover is they don’t rely on an outside bank. They are lending money directly. Amex is the same but it has a MUCH better head start.
Great comparison of Visa vs Mastercard. Well done.
Costco doesn’t take MasterCard credit at the food courts
I think the comparison should be between Visa/Mastercard v. American Express. Visa/Mastercard thrive in environments of huge transaction volume as they make a recurring revenue through a transaction fee based off of those transactions. American Express on the other hand does not most usually involve a fourth party in the form of a bank. But due to AmEx having to foot credit risk unlike Visa/Mastercard their fees charged to merchants are higher thus AmEx not being accepted as readily as profit strapped businesses.
In the end Visa/Mastercard business model is very profitable thus the valuation in both Visa/Mastercard being around 30+times earnings meanwhile banks like Bank of America JPM trading south of 15 and American Express thereabouts as well. Visa and Mastercard are pipelines that will thrive when the consumer is healthy and they unlike issuers of cards don't foot credit risk hence the premium valuations!
Sorry for rant but looked into this myself as well.
I have Both cards, and also Visa stock. You never can go wrong with both stocks... they outperformed the market easily... 2 Beast
Visa usually starts with 4 as the first #
Mcard usually starts with 5 as the first #
Both are competitive players in card industry and Which is better is depend on person to person
🔥Great explanation Ryan. You are always sharing value for improving my life and channel as well, thanks!🔥
Discover and American Express has their own card which you deal with them.
I want to know why a bank would choose one or the other.
This info was best, straight to the point
if you make a deposit into a certain service and then cash back out you only can do it to visa card. and with mastercard it is deposit only.
Waiting for bitcoin card
For me the difference is that visa is my money or wht ever u have in ur bank and,, and Mastercard is my credit cards so visa is debit card and Mastercard is creditcard , ,, thats how i see it
In Australia there is virtually no difference between Visa or Mastercard. Visa does have a slightly bigger world wide market share, but for average everyday consumers that makes no difference to us. I do have to mention that American Express in Australia is not as widely accepted as Visa and Mastercard.
Excellent explanation thank you so much!
Good job!
Haha I use Keybank to cash my paychecks then move that cash to my capital one 360 interest checking haha
Clicked straight away. Always good to get some important info about these two beasts.
I've watched three different videos about the difference between visa and MasterCard and not one of them actually knows the difference.
Visa and Mastercard are payment companies, im glad he clarified that a couple of minutes in but he called them credit card companies in the beginning which is not true. Additionally, visa and mc dont make money off the merchant at all, they make money off of the bank for processing their transaction and for connecting a merchant’s bank to the cardholder’s bank, ppl need to get more informed before they start making videos...
the banks are the ones that make money off of the merchant, lets say u buy something worth a $100 at home depot, home depot has a bank that gave them a pos device that allows them to accept cards, for providing them w that service said bank charges home depot a merchant discount rate of 3% (negotiable across markets, this is just an example) off of that 3% said bank then transfers over 1.5% over to the cardholders bank, this is called interchange and its necessary bc the merchant bank isnt going to be providing pos’s for free and the issuing bank wont be motivated to issue cards without getting something back in return, in this case the merchant is being benefitted and willing to pay this fee because they can have the ability to accept payment from anyone around the world. Visa is the brand that connects the merchant bank to the cardholders bank, without them none of this would be possible, and visa will end up charging small fees to both the merchant bank and the cardholder’s bank for providing them with this service.
Hello, you mentioned in video about special perk and reward, connected with banks and merchants, which has nothing to do with Visa or MasterCard. But what about Visa Offers program? It IS connected with Visa
Good overview Ryan. Interesting video topic! :)
So I’m 15 and I want to know if I can get a master card at my age and if I can put my money in that card??
I use Visa or MasterCard depending on the rewards being offered 💰💰💰💰💰
Ryan, how to get VIsa or Mastercard Merchant CODES ?
Great video thank you and God bless
I always wanted to know that.
Short video, but full of useful info. Very nicely done.
Visa is for USA and $, Mastercard is for Europe and €.
Arina not really. Here in Britain most people have Visa. 🤷🏼♀️
I'm in USA and use Mastercard
I clicked right away thinking this was going to be a stock comparison video 😂🙈
Yeah, this is big brain time!
4:30 - So, there is no difference between Visa and MasterCard.
A 6 minute video to tell us this? C’mon meow!!
Let him tell it lol
How about stating the only really important difference - that one uses dollar as basis for calculations and the other one euro lol.....?
can i transfer money from the one to the other ?
4 THUMB'S UP 👍🏻👍🏻👍🏻👍🏻 I ENJOY WATCHING 🤗
How can i see master gold card blence plz tell me?
Thanks, so I’ll go for VISA
I just applied for a classic mastercard. The Bank employee told me they will only charge me $5 a year for the service. Is that true ? OR I have to pay for stuff ? I don't want interests. I just want a card where I can shop online or when I travel etc. What do you suggest guys ?
Get a debit credit..u top up and shop online...
That didnt really answer the question
Nobody knows your question
MC will never take me on I apply 3 times. Yet, I have 2 Visa & 1 AMEX card with high credit score. What gives MC
dannyrod980 you have too much debt and not enough income. Simple.
Doesn't Mastercard have three of their own cards
If you want to explain something don't read it (or hide the notes)
very good vlog today Ryan
Great video! Always interesting to learn about these companies. You should consider Visa as a company to invest in, as it is an excellent (and safe) company which should rise from the increasing e-commerce dominance ;)
This is definite. 👍
both are the best longterm stocks i own
Good job
Thanks you for the video
Thank you for the information, Ryan
MasterCard is a NasterCard. I just take one look at the logo and wanna puke lol. It feels so mid 90's to me.
Iquey I thought I was the only one who felt this. Good job. MC has now a more sleek logo, but still.
I want credit card PLEASE help me bro
💁🏿Thanks bro your video is helpful 🫡
I preferred MasterCard
I love MasterCard!! UEFA Champions League sponsor!!!
Tx
Wo win?
I have all card companies for perk benefits lol 😂
mastercard stole my money
Video
viral. calling it now
Hekko
Mastercard is alright except that the company is involved in the push to microchip humans
Imagine having a master card XD
Cryptocurrency are better, you have, bank-network-money, all in the same decentralized system. Well, is is better to use it for trading and as storage of value, because it is difficult to find who accept it.
a
This guy gives good info, but its too 'white'