MasterCard (credit card)

Mastercard is a payment and withdrawal card offered by the group of the same name. It can take the form of a credit or debit card . Mastercard claims a presence in 210 countries and more than 28 million merchants 1 .

History

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Debit card

The debit card, named Mastercard , is available in several variants or denomination ( prepay , money , gold , platinum among others). Each variant has different services, benefits or insurance at the key according to the issuer of the card. The latter freely sets the award criteria, including conditions of fortune or income, as well as any fees to be applied for the use of the card.

Debit card with systematic authorization

The debit card with systematic authorization is named Maestro , sometimes Mastercard in some banks. As a debit card with systematic authorization, it requires sufficient credit on the bank account at the time of the transaction for it to be validated. Maestro boasts 300 million licensees in Europe and 695 million worldwide 2 .

In most foreign countries [Where?] , All Mastercard cards are systematically authorized.

Prepaid card

It is possible to benefit from a prepaid card. Both a Mastercard and a Maestro card can have this feature.

In France

The Maestro card is an entry-level payment card in France for example. This is a map for people at risk of bank default. ref.  desired] , typically offered as a payment card for youth accounts. It has the particularity to trigger a request for authorization for each use, regardless of the amount of the transaction. It does not have embossing (embossed number) and can only be used in electronic payment terminals capable of making authorization requests.

Its tariff is generally lower than that of the classic Mastercard, although its use is more expensive for banks and merchants (because of the systematic authorization). According to the banks, they can benefit from the same insurance and assistance as their classic Mastercard sisters, or be marketed without insurance or assistance, the contribution becomes very attractive (sometimes less than 15 €).

In France , withdrawals “displaced” that is to say made in another distributor than that of the network of the issuing bank, are often paid, and this from the first withdrawal (usually 1 € per withdrawal moved in the DAB of the euroarea ). The Maestro card can therefore cost more for the year than a traditional card.

Some banks renamed the Maestro card and give it a different business name, for example ” Indigo ” at Credit Lyonnais or ” other card ” at Crédit Agricole .

The withdrawal and payment limits, calculated on 7 days or 30 rolling days, are generally low but it is still possible to negotiate the ceilings with the issuing bank.

This type of card is no longer sold at LCL (since February 4, 2015) 3 , and is no longer accepted by Amazon.fr (since October 2014) 4 although payments can still be made with a card registered before this date. dated.

In Switzerland, Germany and Belgium

In Switzerland , Germany , Belgium , as well as in the German – speaking countries , the Maestro card is the classic bank card.

In Switzerland, with the exception of Postfinance with its Postfinance Card (formerly Postcard ), all banks offer a Maestro . The card may be issued for payment of an annual fee which may be included in the bank account maintenance fee. With 5.6 million holders (for a population of 7.5 million) 5 , Maestro card penetrationis strong and commonly accepted by traders. The payment does not generate any fees for the user. On the other hand, the withdrawal of money, in particular from third-party establishments, may be invoiced according to the banking establishment. In the same way, the latter freely fixes the possible expenses in case of use of the card abroad via the Cirrus network . Unlike other countries, the Maestro can not be used for internet payments in Switzerland 6 .

In Switzerland always, the Mastercard (in different variants) is offered by different banks or credit institutions. Its use in a Swiss retail store does not generate any costs for the user. On the other hand, on the Internet, the merchant can levy a tax corresponding to a certain percentage of the price. Cash withdrawal may also be subject to a fee depending on the bank. Finally, various additional fees, depending on the issuer of the card, may apply (conversion fees in foreign currency, payment at the counter, reminder fees, etc.)

In Algeria

In Algeria, the Mastercard card has been offered for several years at several banks that offer anonymous or nominative cards. Accessibility to these cards is more or less easy depending on the bank, which results in a reduced number of the population that has 7 .

Competitors range equivalent to

  • Visa Electron Blue Card

Notes and references

  1. ↑ ” MasterCard figures ”  [ archive ] (accessed November 5, 2010 ) .
  2. ↑ Facts and Figures  [ archive ] , Maestro.ch
  3. ↑ Card Maestro Inventive  [ archive ] , LCL.fr
  4. ↑ Amazon forum  [ archive ] , Amazon.fr
  5. ↑ Number and facts  [ archive ] , Maestro.ch
  6. ↑ Maestro on the internet  [ archive ] , Maestro.ch
  7. ↑ MasterCard in Algeria  [ archive ] , DZDinars.com

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