What Is an International Debit Card?

Debit card, Mastercard calls it debit card, Visa calls it Visa financial card, you can spend on the Internet or POS or transfer and withdraw money through ATM. You cannot overdraw. . When spending or withdrawing funds, funds are directly transferred from the savings account. Debit cards generally require a password (PIN) when used. Debit cards can be divided into ordinary cards, gold cards and platinum cards according to their levels; according to the scope of use, they can be divided into domestic cards and international cards. Like credit cards, debit cards are bank cards using the ISO 7810 standard.

International Debit Card

It is a payment tool linked to a live account. On the surface it is a credit card, but it is similar to a debit card in its bones.

Early 21st Century

In 2005, the transaction volume of VISA US (signed) debit cards was 13.2 billion, nearly double that of credit cards (7.884 billion), although consumers held 1.6 times as many debit cards. It can be seen that more and more cardholders are using debit cards. From 2002 to 2003, Mastercard successively acquired debit card networks such as SWITCH in the UK and REDSHOP in Brazil; FDC acquired STAR, the largest debit card network in the United States, and became the first brand of debit card networks. The mergers and acquisitions of card giants fully demonstrate their strategic intentions in the next few years: debit cards will be the focus of competition for bank cards in the next few years. One of the motivations for MasterCard to promote debit card transactions is to promote the use of debit card transactions to replace cash transactions for those who do not have a credit card, in order to further enhance the market position of card-based payments in the electronic payment field.