Difference Between Visa and Maestro

Visa vs Maestro

Visa and Maestro are cards that have been widely accepted througout the world. Visa and Maestro can be termed as paperless money, which helps in moving around without having money in pocket.

When comparing the two cards, Visa is the more widely accepted card than Maestro. Visa has a more foreign reach than Maestro. Visa is accepted more by the websites and also by shops and other establishments than the Maestro.

When talking of protection, Visa cards give a better protection than Maestro. The Visa cards come with a charge back a right that gives a better protection to the costumers who use it. If a service or goods that one buys through Visa fails, the customers can claim for better service or goods. Moreover, there are no limits for any claims.

Maestro cards have been designed as a replacement for cheques. As such these cards do not come with charge back rights, which means that the customers have no protection if a service or goods fail.

Visa cards originated in 1958 as a BankAmericard. The Visa cards were part of Bank of America till 1970. Later, Visa became an independent company and the name Visa was adopted in 1976.

MasterCard, which was originally called as MasterCharge, was developed by a group of California banks as an entrant to the BankAmericard. United California Bank, Wells Fargo, Crocker National Bank, and the Bank of California were the banks that came together and brought out Maestro. The Maestro cards, which can be obtained from associate banks can be linked with a card holder’s current account. Visa has evolved into a transaction and a technology-processing firm allowing other financial services and banks to issue cards with its brand logo.

Summary

1. Visa is the more widely accepted card than Maestro. Visa has a more foreign reach than Maestro.

2. The Visa cards come with a charge back a right that gives a better protection to the customers who use it. Maestro cards do not come with charge back rights, which means that the customers have no protection if a service or goods purchased fail.

3. Visa cards originated in 1958 as a BankAmericard. MasterCard. It was originally called as MasterCharge which was developed by a group of California banks as an entrant to the BankAmericard.

4. The Maestro cards, which can be obtained from associate banks can be linked with a card holder’s current account. Visa has evolved into a transaction and a technology-processing firm allowing other financial services and banks to issue cards with its brand logo.

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