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Difference Between Visa and Mastercard

When it comes to the world’s leading payment processing networks, Mastercard and Visa top the charts. Even though they work on a common agenda, they have a subtle uniqueness to them. As a result, co-branded credit cards by these companies differ in what they offer and how they function. You should know the difference between Visa and Mastercard so that you make an informed decision.


The business models of Visa and Mastercard do not differ significantly. Both do not issue cards directly to customers; they partner with member banks and NBFCs to distribute a Mastercard or Visa card to users. Both payment networks have plenty of offers.

Here are some of the key differences between a Mastercard and a Visa card:



Visa Card


Service Fees

The user is charged an amount based on the card volume.

The user is charged an amount based on the percentage of the global dollar volume.


Cards in circulation and purchase volume are larger

Cards in circulation and purchase volume are lesser

Contactless Payment Mode

Uses Visa payWave

Uses PayPass


Should You Choose a Visa or a Mastercard

The user dependency on both Visa and MasterCard is fairly high as they are widely accepted worldwide. However, one of the biggest differences between Mastercard and Visa card can be seen in distinct credit card offers. Card applicants should browse through the available offers to decide whether a Mastercard or a Visa has deals better suited to their needs, and should make a choice accordingly.


Note: As per a July 14, 2021 circular, the Reserve Bank of India (RBI) has restricted Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from onboarding domestic customers onto its card network from July 22, 2021, onwards.

Now that you know about the essential difference between Visa and Mastercard, visit the Bajaj Markets website/app and choose from the finest Visa credit cards and MasterCard credit cards from top brands. The process for checking your offer and applying for a credit card on Bajaj Markets is completely paperless and hassle-free. Apply online to find the best credit card for yourself!

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FAQs about Difference Between Visa Card and Mastercard

✔️ How is Visa different from Mastercard?

When it comes to Visa and Mastercard, the difference lies in the payment network the cards use to process the payment. A Visa credit card works only on a Visa network, while a Mastercard works on the Mastercard payment network. Differences are also seen in the offers that Visa and Mastercard put forth, which will be distinct from one another.

✔️ Is Visa more accepted than MasterCard?

Both Visa and MasterCard are accepted worldwide. However, Visa has a slightly better reach and benefits when compared to Mastercard.

✔️Do Visa and MasterCard issue credit cards?

Yes, both Visa and MasterCard issue credit cards.

✔️Is Visa a debit card or a credit card?

Visa partners with banks to offer debit cards, prepaid credit cards, and credit cards.