Difference Between Visa and Maestro

In modern times, the process of digitization is at its peak. It is very useful in many ways. Not a single person in today’s time is unknown because in some ways he has given his information of identity to the authorities. Visas and Maestro cards also contain the personal information of individuals to avoid unnecessary troubles.

Visa vs Maestro

The main difference between Visa and Maestro is that the Visa card is used to travel in foreign countries while the Maestro card is used to make transactions or withdraw money. Both cards can be very vital when a person is not in his native country. The cards have the information contained related to the cardholder.

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A conditional authorization that is provided by a polity to a person or foreigner is called a Visa. The polity grants Visa cards to people so that they can leave their territory to enter into another country or to stay there for a time given by polity. Without Visa, a person has to face a lot of trouble in another country.

Maestro is a card that belongs to debit cards. In other words, it is a brand of debit cards. Maestro card is owned by MasterCard, which is an American company. The associate banks provide a maestro card to the users and this card is related to the user’s savings account.

Comparison Table Between Visa and Maestro

Parameters Of ComparisonVisaMaestro
LaunchedVisas were launched in western Europe during the 1st world war. Maestro card was introduced quite later in the year 1991 in the US.
TypeBoth debit and credit cards are provided by Visa Inc. Maestro card is a debit card provided by MasterCard enterprises.
UsageVisa includes such information of a person that helps him to travel country to country. Maestro cards include the banking information of a person that helps to make transactions worldwide.
FacilitiesThe facilities provided by visas are similar to both debit and credit cards.The facility provided by a Maestro card is just like a debit card.
ManufacturerThe company Visa Inc. located in Foster City, Californian makes Visa cards.The company is known as MasterCard Inc. situated in the USA make Maestro card.

What is Visa?

Visa is a card that is attached to a passport. This is a very essential part when it comes to traveling to other countries. Without Visa, a person would not be accepted in a foreign country by authorities. The Latin meaning of a Visa is paper that has to be seen. In the early 20th century, it wasn’t that important for a person to have Visa when moving from one country to another, but after the 1st World War, it became necessary to get a Visa card before traveling to another country.

By getting a Visa, a person got the right to enter and leave a country. The Visa also signifies the duration of stay. The person has to return or leave the country within the duration of stay. There are multiple types of Visa cards such as students Visa, tourist Visa, transit and work visas, etc. The availability of visiting a country depends on the Visa whether you can travel to a country once or twice or sometimes multiple visits.

An application should be filled for getting a Visa before visiting a country but in some cases, Visas are granted after landing in the country. Particular countries require medical screening or interview before providing a Visa. Visas are the most essential travel documents.

What is Maestro?

A service that is known as a global debit card service is known as MasterCard enterprises owns the Maestro card. It was established in 1991. The partner bank provides a Maestro card and it can be linked to the person’s bank accounts. Maestro card also gives the benefits of prepaid cards. One can also call it a Maestro debit card.

The difference between a Maestro card or a prepaid card is just that a prepaid card doesn’t require a person to have a bank account. To use a Maestro card POS (point of sale) and ATM are necessary. They are used to withdraw money by swiping through these machines. Maestro card serves worldwide while the headquarter is situated in the US. Maestro cards, like other money withdrawal cards, have 4 to 6 digit numbers.

These digits should be put every time before withdrawing money and these digit numbers should remain confidential. Online authorization, also electronic, is required to complete a transaction. In Maestro cards the EMV chip is given that stores the information of the user. Sometimes the magnetic stripes are also used to store the information.

So when the card is swiped, the information is sent to the bank to get the affirmative authorization from the issuing bank. If the information is broken, the transaction will be canceled immediately.

Main Differences Between Visa and Maestro

  1. The range covered by visa with the view to users is larger while Maestro card has limited range compared to Visa card.
  2. The Visa card can serve its user in both ways, as a debit card, and as a credit card while the maestro card is only a debit card.
  3. Visas are provided by authorities and polity. On the other hand, Maestro cards can be obtained from associated banks.
  4. A Visa card came in handy almost a century ago while it was the year 1993 when Maestro cards were introduced.
  5. By owing a visa card a person can travel to the desired country while the maestro card helps him to withdraw money from his account.

Conclusion

One person or a group of persons, if they manage to enter a country without letting the authorities know, then he or they can cause or suffer injuries and harm. It is necessary to complete the process imposed by authorities or polity when a person intends to enter into a different country.

Visa is an official card given to a person that confirms his very personal identity in a foreign land while a Maestro card allows him to withdraw money in different countries. Both are very essential for a person when they are in foreign countries and they should not avoid getting a visa if they are not in their nation.

References

  1. https://www.tandfonline.com/doi/abs/10.1080/00330121003600835
  2. https://dl.acm.org/doi/fullHtml/10.1145/328236.328147
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