The difference between #RupayDebit Card, #VisaCard or #MasterCard

1. RuPay Card is an Indian Domestic Debit Card whereas Visa or MasterCard is an International System debit card.

2. The main difference between RuPay, MasterCard or Visa Debit Card is the operating costs. Since every transaction through RuPay will take place within India, the banks will have to pay less service charges to the payment gateway as compared to Visa, MasterCard.

3. Visa or MasterCard is an American company and when we use its card, then for data processing and verification, the server goes to the company's server, which reduces processing. Whereas RuPay card is used for data processing and verification in India only so, its processing is fast.

Note: As mentioned above, a RuPay card has been created for domestic use, so it cannot be used at international level transactions such as Visa or MasterCard.

4. Banks are required to pay a quarterly fee for joining a foreign payment network such as Visa Debit Card or MasterCard but do not have to do so in RuPay Card. Any bank can join the RuPay network at no charge.

5. There are some limitations of using the RuPay card because it provides only debit card for online transactions, whereas Visa or MasterCard provides both the debit and credit card.

6. As, compared to international card, RuPay cards are more secure because its operations are limited within India only. Therefore, data is shared between national gateways only. But using Visa Debit Card or MasterCard, the customer's data are processed internationally and hence the risk of data theft is high.

7. In case of international cards, banks have to pay entry fee to be a part of their network which is not the case with RuPay card i.e. no joining fee for the banks.

8. RuPay card is offered by the public sector, select private banks, rural and cooperative banks whereas others don’t include such small banks in their network.