Differences between Visa Mastercard Discover and American Express (Amex)

Nowadays, when consumers are in the market for diverse card networks, they don’t know what kind of card network they should choose. The selection of the right card for you is influenced by factors such as card issuance, card types, transaction fees, or which places accept Visa MasterCard discover American express. The difference between Visa MasterCard Discover and American Express may need to be clearly understood. Keep reading to learn more about these major differences and some of the best options for your demand today.

Differences between Visa Mastercard Discover and American Express (Amex).

A Visa card is a payment card that is branded by Visa and operates on the Visa network. Initially, the company only accepted credit cards, but it has now expanded to accept debit, prepaid, and gift cards as well. Despite the fact that Visa cards feature the Visa logo, they are not issued by the company. Instead, they are issued by financial institutions or banks that have cooperated with them.

KEY TAKEAWAYS

• Visa cards are debit and credit cards that operate on the Visa network.
• Visa partners with financial institutions to use the company's network.
• Credit cards, debit cards, prepaid cards, and gift cards are all examples of Visa cards.
• A 16-digit account number, a microchip, and a magnetic stripe are all included with Visa cards.

A Visa card is a payment card that is branded by Visa and operates on the Visa network.

Mastercard is one of the most well-known payment networks in the world. Visa, American Express, and Discover are some of the other main payment networks. Mastercard offers Mastercard-branded network payment cards in collaboration with member financial institutions all around the world.

Mastercard's core network, which it refers to as its own global payments network, is used to conduct payment transactions that typically involve a Mastercard account holder and a merchant, as well as their respective financial institutions. Credit, debit, and prepaid cards are accepted for payment.

KEY TAKEAWAYS:

• Mastercard is a payment network processor.
• Mastercard partners with financial institutions that issue Mastercard payment cards processed exclusively on the Mastercard network.
• Mastercard's primary source of revenue comes from the fees that it charges issuers based on each card's gross dollar volume.

Mastercard is one of the most well-known payment networks in the world.

Discover is a credit card brand owned by Discover Financial, an American financial services business (DFS).

Discover cards were first offered by retailers like Sears, Roebuck & Co. In 1985, and they became national in 1986. They were notable for their low fees and pioneering cash-back rewards scheme. Since 2007, Discover has operated as a separate entity. Discover Cards, together with Visa (V), Mastercard (MA), and American Express (AX), are now among the most commonly accepted cards in the world (AXP).

KEY TAKEAWAYS:

• Discover is a consumer credit card company noted for its low fees and cash-back rewards program.
• Discover Financial offers its cards directly to its consumers, bypassing intermediary bank issuers, and thereby earning interest on their credit card balances directly.
• Discover has an additional motive, given its business model, to encourage its consumers to borrow more on their cards than on those of their competitors.

Discover is a credit card brand owned by Discover Financial, an American financial services business (DFS).

The American Express card is one of the international payment cards. This card is also referred to as the Amex card. This card is issued by American Express Company, a multinational corporation headquartered in New York, USA.

KEY TAKEAWAYS:

• An American Express card, commonly known as an "Amex" card, can provide several benefits such as rewards points, cashback, and travel benefits. Some cards, such as those from Delta and Hilton, are co-branded.
• American Express cards are charge cards, credit cards, or prepaid cards offered by American Express, a publicly-traded financial services corporation.
• American Express is one of the few organizations that both provides cards and operates a payment network. Although Visa and Mastercard operate processing networks, they do not issue cards.

An American Express card, commonly known as an "Amex" card, can provide a number of benefits, such as rewards points, cashback, and travel benefits.

Visa, Mastercard, American Express, and Discover are four main International payment cards that provide consumers with many similar and practical advantages, such as the ability to pay on a global scale:

• You only need a small international payment card to make a safe payment with only one "touch" on your phone screen. (Mobile payments)
• If you misplace your card, simply phone the bank and request that the card is blocked. The monies in the account are safe, and the card can be reopened at any moment.
• Global Procurement: International credit institutions have a very wide range of payments. So you can shop or pay online for your order in any country with just one step: “OTP 3D secure verification”.
• Payment for all transactions: There is no limit on the scope of use as well as payment methods, so international payment cards can help you make all the transactions you want, including buying at stores or buying online.
• They probably integrate with digital wallets like Apple pay, Google pay, Paypal, etc.
• All have credit and debit cards for online and offline payments
• They are universally used network cards by consumers

There are many factors to distinguish between Visa vs Mastercard vs Discover and American Express. These differences will help you comprehend the difference between card issuance, transaction fees, card types, and others of 4 these payment networks.

6.1. Card issuance

The two main payment processing networks in the world are Visa and Mastercard. Visa and Mastercard, unlike Discover and American Express, do not issue cards directly to users, but rather through member financial institutions and banks.

Visa and Mastercard process credit card transactions, but they don't actually issue cards. Your card might say "Visa" or "Mastercard" on it, but it is issued by a bank, like Chase or Citi. You don't have an account with Visa or Mastercard. You have an account with the bank, which sends you your statement, receives your payments, gives you rewards, and so on.

Discover and American Express, by contrast, process transactions and issue their own cards to users. You can have an account with Discover or an account with American Express.

6.2. Transaction fees - Maintenance fees

The largest difference between the Visa Mastercard American Express Discover for merchants and retailers is how much each network costs to support. When a customer uses a credit card to make a purchase, the credit card network charges the merchant a modest fee to execute the transaction. The processing charge varies by network and can be a major deciding factor in whether or not a retailer accepts a certain card. Mastercard, for example, typically costs 1.55 % to 2.6 % for every transaction, while American Express charges 2.5% to 3.5%. Visa and Discover charge similar rates to Mastercard, ranging from 1.43% to 2.4% and 1.56% to 2.3%.

Transaction fees by Merchants in 2020

6.3. Card types

Visa includes 3 types: traditional, Signature, Infinite Benefits.

Traditional Visa card benefits:

Traditional Visa card

• Inquiry service for cardholders. This allows you to call Visa and obtain information about your card, including services provided by both the issuer and the network.
• Reporting of lost or stolen cards, emergency card replacement, and emergency cash. If your card is lost or stolen, you can contact Visa, which will work with your issuer to replace it as soon as possible. It can also work out a deal with your card provider to obtain some cash to tide you over until your card arrives.
• A collision damage waiver is included in the cost of renting a car. This covers you if a car you leased is damaged in a collision or stolen. Learn more about rental car coverage with a credit card.
• There is no risk of fraud. You will not be held liable if your card is used fraudulently.

Signature Visa card benefits:

Signature Visa card

• All Traditional benefits. Signature advantages include everything from the Traditional tier.
• Extended warranty. On certain items purchased with your Visa card, the manufacturer's warranty duration is extended. Visa doubles the warranty length if the manufacturer's guarantee is shorter than a year. Visa adds an extra year to warranties of one to three years.
• Year-end summary. Each year, you'll receive a thorough overview of your spending, which can aid in planning and tax preparation.
• Travel and emergency assistance. If you need assistance with logistics or an emergency while traveling, you can call a 24-hour hotline. Trip planning, medical referrals, emergency medical transportation, prescription and document delivery, legal support, ticket replacement, translation services, and lost-luggage assistance are among the services that may be charged.
• Concierge service. You can obtain free assistance with travel planning, gift shopping, finding entertainment or sports tickets, and booking reservations. Only the assistance is provided for free; anything else must be paid for.
• Skillshare membership.

Infinite Visa card benefits

Infinite Visa card

• All Signature benefits. Infinite advantages contain everything from the lowest two tiers.
• Return protection. When a merchant refuses to accept returned merchandise purchased with the card, this coverage comes in. It is valid for up to 90 days after purchase on transactions up to $300.
• Purchase protection. For the first 90 days following purchase, items purchased with the card are insured against theft or damage. The maximum coverage is $10,000 per claim and $50,000 per year. You must make a police report in cases of theft.
• Travel protections. You gain a variety of insurance advantages and other protections when you pay for transportation with a Visa Infinite card. (Trip interruption and cancellation insurance, travel accident insurance, trip delay reimbursement, Lost luggage reimbursement.)

Mastercard consists of 3 types: Standard, World, World Elite benefits.

Standard Mastercard benefits

Standard Mastercard

• There is no risk of fraud. You will not be held liable if your card is used fraudulently.

• Mastercard Global Service. This is a service provided by MasterCard. This is a toll-free number that you can call from anywhere in the world. If your card is lost or stolen, call Mastercard and they will work with your issuer to get you a replacement as soon as possible. Mastercard can also work out an emergency cash advance with your card provider until you receive your card.
• ID theft protection. You get free services for preventing and responding to identity theft. The firm keeps an eye on websites to determine if your personal information is being sold. If you are a victim of identity theft, you can contact Mastercard 24 hours a day, and an expert will be assigned to your case. If you lose your wallet, you can contact to have all of your cards and ID documents, including your driver's license, canceled and reordered.

World Mastercard benefits

World Mastercard

• All Standard-level benefits. Everything from the first tier of bonuses applies to World cards as well.
• Cell phone protection. When you pay your monthly cell phone bill with your card, you'll get up to $600 in damage or theft coverage per claim (up to $1,000 per year). A $50 deductible is required.
• Mastercard Travel & Lifestyle Services. This suite of benefits includes:
• Assist in trip planning. You can talk to a planner on the phone or go online to work with one. Get access to vacation bundle deals.

• Guaranteed lowest hotel rates. Before you check-in, if you book a prepaid hotel stay through Mastercard and find your exact stay (same property, room type, dates, number of guests, etc.) listed for a lower price, Mastercard may refund the difference.

• Guaranteed hotel satisfaction. "A Lifestyle Manager will attempt to put things right if your 3-star or higher-rated hotel isn't working well." This only applies to certain Mastercard-booked stays.

• Benefits of staying at a high-end hotel. Upgrades, early check-in/late checkout, and other perks are available at over 2,000 properties throughout the world.

• Concierge service at the airport. At almost 700 locations throughout the world, you can get an escort or support.

• Discounts and memberships. You get special benefits with:

• DoorDash. Cardholders who are new to DashPass, the DoorDash subscription program, will receive a free three-month membership, and all DashPass users (new and old) will receive a $5 discount on their first two purchases each month when paying with their qualifying Mastercard. DashPass members receive unlimited free delivery and discounted service fees on orders over $12. (Some expenditures remain, such as taxes and gratuities.) According to the tiny print, the free trial will conclude on Sept. 30, 2022, or "while supplies last." You'll be charged $9.99 a month plus applicable costs if you don't cancel.

• Lyft. For every three rides taken in a given month, you will receive a $5 credit. The credit will be applied automatically to the next ride and will be limited to once per month.

• Shoprunner. With over 100 online merchants, you may get free two-day shipping and free return shipping.

• HelloFresh. Each purchase from this meal-kit delivery service earns cardholders 5% back, which can be applied to future HelloFresh orders. On their first few orders, new clients enjoy a discount.

• Golf. Take pleasure in it "For World Mastercard cardholders, exclusive golf discounts and experiences with the PGA TOUR are available. You can also use Golf Concierge Services to take advantage of some incredible golf bonuses that are only accessible through Mastercard."

World Elite Mastercard benefits

World Elite Mastercard

• All perks at the Standard and World levels. All of the rules from the bottom two categories apply to World Elite cards as well.

• Increased claim limit on cell phone insurance. You're protected up to $800 for each claim, but you're still subject to the $1,000 annual limit and $50 deductible.

• Concierge service is available. Phone assistance is offered for obtaining tickets, making meal reservations, and doing other chores.

• Fandango. For every two movie tickets purchased, you will receive $5 off future movie tickets or at-home purchases.

American Express consists of 3 types: travel and dining Cards, Reward points Cards for everyday spending, and cashback Cards.

Each Card type has three distinct varieties, each with its own set of features and ways to earn prizes. The best credit card for you is determined by your lifestyle and spending habits.

Travel and dining Amex Cards: require them to spend on the go can still benefit from entertainment and travel credit cards, which provide a variety of features and rewards-earning opportunities.

If you choose Travel and dining Cards, you can consider these types:

Green Card:

Green card

Consider Green Card if you're a more casual traveler and the diner who can afford a $150, annual cost and prefer a somewhat flexible repayment schedule.

With Amex's Green Card, you'll earn 3 points for every dollar spent on the eligible restaurant, transit, and travel expenditures, plus 1 point for every dollar spent on other eligible transactions. No foreign transaction costs, $100 yearly credits for airport lounge access, and CLEAR, a service that helps you rapidly pass through security at select airports and stadiums, are among the travel-related benefits. It contains a $150 annual fee and payment flexibility: if you don't expect to pay off your balance in full, you can ask for eligible purchases to be paid off over time, subject to certain restrictions.

Gold Card:

Gold card

Consider Gold Card if you travel and eat out frequently, have the financial means to pay the $250 annual fee4, and want to maximize your rewards earning potential from routine grocery shopping.

The American Express Gold Card is a credit card issued by American Express. Similar to Green, but with four times the points at restaurants and three times the points on flights booked directly with airlines or through American Express Travel. In addition, Gold members earn 4X points for every dollar spent at U.S. supermarkets on purchases up to $25,000 per year and 1X points on all other qualified purchases. The annual charge for Gold is $250, and you must pay your debt in full each month unless you choose Pay Over Time, which comes with interest. Despite the supermarket spending benefit, Gold still prioritizes travel and eating, as well as:

• After linking your Gold Card to your Uber account, you'll receive an automatic $10 per month in Uber Cash, up to $120 per year, which you can use on Uber rides and Uber Eats.
• Hotel credits of up to $100 per year can be used at participating locations for eligible dining, spa, and resort activities.
• When you book via Amex Travel, you may be eligible for accommodation upgrades at selected hotels.

Platinum Card:

Platinum card

Consider a Platinum Card if you want to get the most out of life, whether it's staying motivated at home, taking advantage of lavish travel amenities when on the road, or doing both.

Platinum Card is ideal for frequent flyers, with 5X points on flights booked directly with airlines or through Amex Travel on purchases of up to $500,000 per year, and 5X points on hotels booked and paid in advance through Amex Travel. The Card and its $695 annual fee also come with a slew of other valuable travel, airline, and hotel benefits that can elevate any trip, including exclusive hotel benefits and access to more than 1,400 lounges in more than 140 countries and 650 cities through The Global Lounge Collection as of September 2021.

However, in order to adapt to the covid epidemic, the Platinum Card now has a package of upgraded perks that can make life more enjoyable, even at home. For example, Card Members can use a $240 Digital Entertainment Credit per year at Audible, Peacock, SiriusXM, and The New York Times, among other digital entertainment partners (including digital or print news, NYT Games, and NYT Cooking). Monthly statement credits of up to $20 are earned and can be redeemed toward eligible purchases at any qualifying entertainment partner. It is necessary to enroll.

Reward points Amex Cards for everyday spending: for Card Members with more general spending habits.

Do you want to earn Membership Rewards points for the purchases you make on a daily basis? These three American Express cards – Blue from American Express, Amex everyday, and Amex EveryDay Preferred — reward you for everyday purchases, such as replenishing the refrigerator and filling the gas tank. Your purchases earn Membership Rewards points, which can be redeemed for travel, gift cards, and statement credits, among other things.

Blue from American Express

Blue from American Express

If you want a straightforward Credit Card that gives repayment flexibility and the option to earn points in every spending area – including travel – with no annual fee, consider the Blue from American Express Card.

Blue from American Express. A simple credit card that gives you 1 point for every dollar spent on qualifying purchases and 2X points for qualified Amex Travel purchases. There's no annual charge, and you can pay off your Card in whole each month or pay it off over time with interest.

Amex EveryDay

Amex Everyday

If you want a card that lets you earn rewards for everyday purchases like groceries, don't want to pay an annual fee, and could benefit from a brief 0% intro APR offer, consider the Amex EveryDay Card.

The Amex EveryDay Credit Card is a credit card issued by American Express. On up to $6,000 in annual purchases, this credit card will earn you 2X points per dollar spent at supermarkets. For purchases purchased through Amex Travel, you'll gain 2X points for every dollar. Every dollar spent on other purchases earns you one point. However, if you make 20 or more transactions with your Card in a billing period, you will receive a 20% bonus on that month's purchases. There's no annual fee, and for the next 15 months from the date of account establishment, Amex everyday gives a 0% introductory APR on purchases, followed by a variable APR of between 12.99 percent and 23.99 percent.

Amex EveryDay Preferred

Amex EveryDay Preferred

Consider the Amex EveryDay Preferred Credit Card if you're looking for a Credit Card that rewards you more for shopping at supermarkets and gas stations, and you could benefit from a 0% initial APR.

Up to $6,000 in annual purchases, 3X at supermarkets, 2X at petrol stations and Amex Travel, 1 point on all other eligible purchases, and a 50% bonus for 30+ purchases in a billing period. A $95 yearly charge is required. For the first 12 months of Card Membership, Amex EveryDay Preferred offers a 0% intro APR on purchases, followed by a variable APR of 12.99% to 22.99%.

Cashback Amex cards: in the form of a statement credit, for individuals who wish to earn money while spending money.

If collecting points isn't your thing – or you'd like to diversify your Credit Card advantages - American Express has three cards that offer cashback on all qualified transactions. Cashback can be redeemed for statement credits instead of points, which can be used for a variety of alternatives. This effectively gives you a discount on every purchase. Each card has distinct bonus categories, which are shown below, so you can select the best cashback card for your spending habits.

Cash Magnet Card.

Cash Magnet Card

Consider the Cash Magnet Card if you want to earn cash back instead of points, like simplicity, don't want to pay an annual fee, and want to take advantage of the 0% initial APR.

The Cash Magnet, which offers an unlimited 1.5 percent return on all qualified purchases, is perhaps the most straightforward of American Express' cashback cards. There is no annual charge, and for the first 15 months of Card Membership, you can obtain a 0% initial APR on purchases, followed by a variable APR of 13.99 percent to 23.99 percent.

Blue Cash Everyday Card.

Blue Cash Everyday Card

If you want a no-annual-fee grocery and gas rewards card that gives you cashback instead of points, the Blue Cash Everyday Card is a good option. It also has a 0% intro APR.

This is a tiered Card for consumers who want to earn additional cashback in certain categories, such as 3% cash back at supermarkets on up to $6,000 in eligible purchases per year.

At gas stations and select department stores, you can get 2% cashback.

On all other qualified purchases, you'll get 1% cashback.

It's similar to Amex EveryDay Preferred in terms of cashback, but there's no annual fee. This card also features a 0% introductory APR for the first 15 months on purchases, followed by a variable APR of 13.99% to 23.99%.

Blue Cash Preferred Card.

Blue Cash Preferred Card

If you spend a lot of money at grocery stores and gas stations, enjoy streaming services, and could benefit from the 0% initial APR, consider the Blue Cash Preferred Card.

Additional expenditure categories, such as streaming subscriptions and public transportation, are covered by Blue Cash Preferred. The $95 annual fee for the Card comes with a variety of rewards options that can be especially beneficial for families and people who use a lot of streaming services, cook at home, prioritize wellness, or even travel to work. You can, for example, acquire the following with this Card:

• A $120 Equinox+ Credit to be used toward Equinox+, a premium fitness streaming program that offers immersive exercises like yoga, meditation, spin, strength training, and cardio courses. 13 In other words, if you pay your monthly Equinox+ membership costs with your Card at equinoxplus.com, you'll get a $10 statement credit per month - up to $120 yearly. It is necessary to enroll.
• Up to $6,000 in eligible purchases earns you 6% cashback at grocery retailers.
• On certain streaming subscriptions, you can get 6% cashback.
• On transportation, you'll get 3% cashback.
• Gas stations will give you 3% cashback.
• On all other qualified purchases, you'll get 1% cashback.
• For the first 12 months of Card Membership, Blue Cash Preferred offers a 0% initial APR on purchases, followed by a variable APR of 13.99% to 23.99%.

Discover card includes 7 types

Cash Back Discover card

Cash Back Discover card

You can receive an unlimited 1% cashback on all transactions when you use your Discover it card. When you activate, you'll get 5% cash back at various locations every quarter like: Amazon.com, Grocery stores, Restaurants, Gas stations.

Gas & Restaurants Discover card

Gas & Restaurants Discover card

• Earn 2% cash back at Gas Stations, restaurants (including cafes and fast-food)
• It's on up to $1,000 in combined purchases each quarter.
• Earn unlimited 1% cashback on all other purchases automatically.

Travel Discover card

Travel Discover card

• Travel Rewards - Discover 1.5 Miles per $1 spent on all purchases.
• Chase Sapphire Preferred: 2 points for every $1 spent in travel and dining at restaurants (includes takeout and eligible delivery services); 1 point per $1 spent on all purchases.
• Capital One VentureOne: 1.25 miles per $1 spent on all purchases.
• Capital One Venture: 2 miles per $1 spent on all purchases.
• Citi Premier: 3 points per $1 spent on Restaurants, Super Markets, Gas Stations, Air Travel, and Hotels; 1 point per $1 spent on all other purchases. 1 point per $1 spent on all purchases.
• Bank of America Travel Rewards: 1.5 points per $1 spent on all other purchases.

Student Cash Back Discover card

Student Cash Back Discover card

For example, Discover offers a student cashback card, the Discover it Student Cash Back card, which is similar to Discover's flagship cash back card. Its terms, on the other hand, are more limited, with a somewhat higher APR and a less generous introductory APR.

Student Gas & Restaurants Discover card

Student Gas & Restaurants Discover card

• Earn cash back at restaurants and gas stations on road trips.
• Discover's gas card offers a 2% return on up to $1,000 in combined purchases at petrol stations and restaurants each quarter.

Secured Discover card

Secured Discover card

• Earn 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter.
• Earn unlimited 1% cashback on all your other purchases automatically.
• You can get an unlimited dollar-for-dollar match of all the cashback you've earned at the end of your first year, automatically.

NHL Discover card

NHL Discover card

Each time you activate the NHL Discover it rewards program, you can earn up to 5% cash back at various locations each quarter, including grocery stores, restaurants, gas stations, select ride-hailing services, and online shopping, up to the quarterly maximum, and an unlimited 1% cashback for all other purchases.

Offer of Welcome: If you're a new cardholder, the NHL Discover will automatically match all of the cashback you've earned at the end of your first year with the card.

NHL Advantages Discover it cardholders get access to their accounts online, fraud protection, and a free monthly FICO credit score.

6.4. Most popular locations of visa master discover Amex networks

Both domestically and internationally, Visa and Mastercard are by far the most widely accepted credit card networks. Consumers with any of these two sorts of cards will be able to pay for nearly every business on the planet. Discover is noticeably absent from nations such as Mexico and Germany while being accepted at about the same amount of retailers thanks to numerous partnerships.

Internationally, American Express has the lowest acceptance rate. We recommend that Amex customers carry a Visa or Mastercard as a backup, especially when traveling outside of the US.

Visa and Mastercard are by far the most generally accepted credit cards, with Discover trailing behind and American Express in fourth place. Any retailer that accepts credit cards will almost certainly accept Visa and Mastercard. Discover falls behind the other three cards in terms of the number of countries it serves.

Consumers with Discover and American Express credit cards are more likely to have difficulty finding merchants who take their cards, particularly when traveling outside of the United States. Discover has taken advantage of worldwide collaborations with other card networks, such as UnionPay and JCB. Discover has become one of the most widely acknowledged foreign card brands as a result of these agreements. Despite this, Discover still has coverage gaps in a number of key nations.

The number of merchant locations worldwide

6.5. Major credit card processors compared

Processing

Credit card processors serve as a link between your bank and the bank of the merchant. When you make a payment, a processor examines the request to ensure that it is genuine and that you are the one making it. If everything appears to be in order, it confirms the transaction, withdraws the funds from your account (or charges your credit card), and pays the merchant.

Credit card processors include Visa and Mastercard. If you have a Visa or Mastercard card, it will always be tied to a bank like Capital One or Barclays.

The only major processors that also issue cards are American Express and Discover. Although American Express and Discover sell cards through third-party issuers, they also have the ability to issue their own cards. Discover, for example, is both the issuer and the processor for its Discover it Cash Back card.

Acceptance

Credit card processors profit by taking a cut of every transaction that passes through their system. A part of the reason American Express cards isn't as commonly accepted as others is because it charges merchants a higher average fee.

Despite this, each of the four major credit card processors serves millions of retailers in over 100 countries. According to the Nilson Report , Visa and Mastercard have the most merchants in the world (52.9 million each), followed by Discover (44 million) and American Express (25.3 million).

The comparison of 4 major credit card processors

6.6. Total transaction volumes between Visa Mastercard American Express Discover

According to Business Insider , the total payment volumes perform differently between Visa MasterCard American Express, and Discover card networks.

Visa

In the card network industry, Visa continues to reign supreme. Visa's total payment volume (TPV) for fiscal Q4 2020 was $2.35 trillion, including a 6% year-over-year (YoY) rise in US consumer spending for November, largely due to online holiday transactions. Visa's electronic fund's transfer division, Interlink, works in addition to credit and debit cards.

Mastercard

MasterCard is not lightweight too, having climbed to second place among card networks. In the first quarter of 2019, Mastercard reported $3.9 billion in net revenue, up 9% year over year. Furthermore, the card network has 2.5 billion cards in circulation, with Mastercard-branded cards increasing by 224 million years over year.

American Express

Even though it lacks the overwhelming numbers of Visa or MasterCard, American Express (Amex) remains a force among its peer card networks. Amex introduced new benefits for its consumer and small business cards at the start of 2021, providing a means for the card issuer to drive spending and counteract usage decreases.

Discover

After Visa, MasterCard, and Amex, Discover is still in fourth place. Discover's total network volume (TNV) increased 10% year over year (YoY) in Q4 2018, reaching $99 billion.

At PayCEC, we are a global payment service provider, specializing in online card payments. We accept Visa Mastercard Discover American Express, enabling our merchant clients to acquire card payments from online shoppers across the world. We have developed our payment API that helps merchants to customize their checkout page and easily integrate it into the company websites without any technical expertise.

Merchants can set up your online store in a blink of an eye and start to receive online card payments from customers with the PayCEC payment gateway. You can follow the below steps to install your payment platform:

Enter Information

Sign up with PayCEC team by click to button below

Sign Up

Document Submission

Prepare your company profile including:

• Company website
• Business information
• Business activities

Integration Support

Our Relationship Manager will contact you and support you in processing and integrate your merchant account

GO LIVE

Use fully features of our payment service on Dashboard

Read more:

• Visa Card payment gateway
• Mastercard payment gateway
• American Express (Amex) payment gateway
• JCB Payment Gateway
• What is difference between 2D and 3D payment gateway?
• 4 types of payment gateway - Advantages and disadvantages

About us

PayCEC was established in response to the growing need for businesses to accept online payments more quickly and easily. In the new media era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC is a truly global payments platform that not only allows customers to get paid but also withdraws funds to their Business accounts in various currencies.

We have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online and on mobile devices.

PayCEC Team

• [email protected]
• +44 2032 864370
• www.paycec.com