THE BANKING INDUSTRY; DIFFERENCES BETWEEN VERVE CARD , VISA CARD AND MASTER CARD

THE BANKING INDUSTRY;  DIFFERENCES BETWEEN VERVE CARD , VISA CARD AND MASTER CARD

We all, have one time or the other tried to find out the difference between what a Verve, Visa and Master card are. Most people after all those activities, still don't get the major drift about the whole issue and at the end they are still stuck and confused! I hope after all our discussions today, you will eventually get the know how of this Cards at the pick of your finger tip. Remember, Knowledge is Power!

When most of us get to the bank, we are bombarded with different Money cards on our face and the bank officials even though trying to sound polite, everything is making you mad, but the truth is that we shouldn't get mad because they are really doing their job, not wanting to vandalize your hard earn money.

What is a Verve Card? A Verve card is a debit card which is having the ability like most cards to offer services of sending and accepting different kinds of  money transactions, and it is able to do all this because it works with the funds loaded by the card holder or owner.  And it is owned by Interswitch Company.

This particular card offers beautiful discount to loyal and be-friendly customers (am sorry if you're not one(laughs), as a sort of a nice 'Thank you'.  If you want to really understand why they do such and such, then frankobiwithgod.blog.com is here for you, click on it after you're true with this nice discussion.

The real  feature of  Naira Verve card is that this card is majorly Nigerian. You may be surprised at my kind of language but truly this is one card, you use only in Nigeria, and its never valid any where safe Nigeria. All non doubters can check it out in the next paragraph.

On the local market and on sites that do their business from the indigenous payments and upward like Interswitch or Quickteller, etc, you can do nice financial transactions.

For International payments, sites or markets, Verve card has no validity and this, even though not good for those who have this card (i was once operating on this card myself), there is a nice protection unknown sometimes to the user. 

Yep, this Card safeguards owners, from International frauds.

Verve cards are very cheap, costing in some banks N700 and others, like Zenith Banks do not charge for this Card at all  and so the Users have it for FREE!!!

Making payments and online business on local sites for example, Quickteller cost you N100 and Remita charge you N157.50 for any transaction(s). 

You can make use of Verve card using an ATM machine, POS, kiosk or other different type of online payments (indigenous ones). You can use it to recharge airtime etc.

The Second type of 'Biz Card' (as i calls it), Visa Card is very different from Verve card, in that they are used in both indigenious and international payments and its never rejected by foreign nations around the world. That's, it has eight effective words, 'ACCEPTED', in its frame.

Visa Card has some limitation anyway, on spending and that can be increased or reduced by the user. It is owned and controlled by a foreign Company in Foster city, California. 

You can transact business on US websites like  Amazon, Jumia, Konga, Quickteller, etc.

This card (Visa), when transacting from other currencies, take for example, you're a Nigerian and you're trying to make online International payments, Using Visa Card, the intelligent things it does is, it changes the naira to whatever accepted currency it is needed, to make the transaction(s) and then after, gives you the desired result.

If you're about doing an online payment, using this card for websites like Jumia, it charges you N100.

Even with the different non-existence of International frauds for Verve card, Visa card are still more protective than Verve card, since the later here (Verve card), has local intelligent hackers around.  

And lastly, the supreme Master card, as its name implies is a debit type of card having similarities like the Visa card, since it can be operated in any country; local or international.

It is owned and directed in New York, with its headquarters in O'fallon, Missouri, having a forehand over 24 thousand financial institutions as its Corporation.

You can safely use Master card and put it even in your travelling bag, cause it is effective any where you go. You can purchase on international sites like Godaddy, Bluehost etc.

Master card has little disadvantages as regarding international online businesses and has won the heart of most people who have used it more than the others, (am not arguing the worth of other cards, mind you).

So if you have Verve card and no Visa card or Master card,  its no big deal, cause all deals on money transactions.

These cards comes in either classic, platinum, gold and infinite, and it is categorized in the lifestyle that balance you. what am saying is that, if you're a private user or owner of a business that has large transaction at its pick and call, then you're fit for infinite cards. The normal customers are offered classic ones.

And lastly, all the cards whether Verve, Visa or Master card, uses an electronic chip which should be handle with the keenest care and we normally advise that customers having these cards shouldn't put it in their back pockets, since the lifestyle of the card could be reduce.

These cards all comes with sixteen digit  numbers, with a validity date and a tight security code that shouldn't be given out. Whether it comes printed with your name or not, as long as it is a 'Biz card', it can perform  all the service(s) due it.

Thanks once more for perusing and please do comment and share!!!