Is Visa the same as Mastercard?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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philt
 
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Is Visa the same as Mastercard?

Postby philt » Thu Dec 02, 2010 1:58 pm

I know this is a dumb question but is Visa the same as Mastercard? Like do both of them operate as the same company or is each of them separate from one another?

I'm 99% sure they are different but then why does every store take both Visa and Mastercard and not just one of them?


Throwback
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Postby Throwback » Thu Dec 02, 2010 5:52 pm

Visa is not the same as Mastercard. Two different companies but since they are the two biggest almost every store accepts both of them.

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Cucumber
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Postby Cucumber » Fri Dec 03, 2010 3:49 am

LOL if they were the same company then that would be like one major big anti-trust case waiting to happen :ppp
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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Dec 06, 2010 3:35 pm

Visa may not be the same as Mastercard but in terms of acceptance in the United States it's more or less the same. You will be hard pressed to find a merchant that accepts one but not the other in this country.
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infomaniac
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Postby infomaniac » Fri Dec 10, 2010 10:29 pm

Upon applying for a Citi card today the option was given to select either a Visa or Mastercard. Pursuant to the anti-trust settlements large banks like Citi must offer both options.



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