Visa is the most popular payment processor all around the world. Visa is one of the most accepted payment methods used by more than 3 billion people worldwide. It operates in almost every continent by facilitating transactions from retail to B2B payments also international operations. A wide range of corporations from large companies to small businesses prefer Visa for their transactions. Visa offers various products and services. In this article, we will discover all the necessary details about the Visa from products to costs.
What is Visa and how does it work?
Visa is a global card network and it handles card-based transactions. In simple terms, Visa provides debit/credit cards issued by financial institutions like banks. Catching up with technological advancements, Visa has begun to offer additional services and solutions such as contactless and mobile payments. Every visa card is connected to a dedicated IBAN which means your Visa card is connected to your bank account.
The main operational Visa services are authorization, clearing, and settlement. All transactions are encrypted and processed instantly. Visa is the intermediary between the cardholder and the business. Once the cardholder initiates a transaction, information moves from the business’s POS terminal to the acquirer (the business’s bank).
Visa communicates this information and as soon as the transaction has been approved, it coordinates the transfer of funds from the issuing bank to the acquiring bank. Visa charges a small fee to enable this transaction. Visa also offers various APIs to facilitate integration in all types of digital environments globally. Another reason why Visa is highly preferred is its full security measures that support fraud detection. With most advanced technology, your transactions are fully protected.
Visa card features and benefits
Apart from operational features, Visa has a bunch of other benefits for its customers through different types of credit cards. Here we have listed the different visa types for you:
Visa traditional credit card
Visa Signature® card
Visa Infinite® card
Every visa card comes with different benefits. You can get more detailed information about your visa card from your issuer entity. Or simply visit the official website to read about the Terms and Conditions. Visa cards are offered via your bank. You might need a high credit score to be eligible for certain type of Visa card. If you determine your financial goals, having a Visa card may benefit a lot. Apart from offers and benefits of your bank, Visa offers additional benefits.
Let’s see what benefits offer each of these Visa cards:
Visa traditional credit card offers;
Cardholder Inquiry Service: This is a 24 hours a day, seven days a week available client attention service for all Visa card holders. This service is for general inquiries and is provided in multiple languages.
Lost or stolen card reporting: This stolen card service is also free and available 7/24. You can notify stolen or lost visa card and they will replace your card immediately.
Emergency card replacement and emergency cash disbursement: Via this service your card will be replaced immediately and if you are in urgent need of cash, then Visa provide you emergency cash from the closest cash point.
Dovly Uplift™: Dovly is a platform that helps you to improve your credit score. Visa offers free access to Dovly.
Zero Liability: With this benefit, you are not going to be charged for unautorized transactions because Visa will cover them!
Roadside Dispatch®: This is a free road assistance provided by Visa however it is limited. You can learn the coverage of this benefit from the official website.
Visa Signature® card offers; All the benefits of a traditional Visa card, plus an added layer of privileges are available for card holders.
Roadside Dispatch®: Visa offers more extended coverage for road assistance on Visa signature.
Travel and Emergency Assistance Services: If you are travelling a lot this benefit might be very useful for you. What comes in this package? Pre-Trip Assistance with information about health precautions, weather reports, currency exchange rates, visas, and immunizations.
Medical referral assistance and emergency transportation assistance are offered by Visa.
Emergency message service, prescription assistance and valuable document delivery
legal referral assistance (includng contact with English-speaking attorneys, U.S. embassies and consulates, bail-bond assistance, cash advances, and follow-up assistance) and much more. You can find more detailed information about this benefit on official website of Visa.
Dovly Uplift™: You can check the addtional coverage details from official website.
Visa Infinite® card benefits; All the benefits of a Signature Visa card, plus extra benefits.
Return Protection: You can get up to $300 refund for the purchases made by your Visa card. In 90 days after your purchase, you can apply for this service. You might have additional benefits provided by your issuer too.
Purchase Security: The purchase made via Visa Infinit is under protection of Visa. Within 90 days you can claim $10,000 maximum per claim and $50,000 maximum per year.
Travel and Emergency Assistance Services: Various assistance services are available in this offer. You can get detail information from your card issuer or official website of Visa.
Travel Accident Insurance: You are provided with accident insurance for the tickets that are bought with your Visa card.
Trip Cancellation/Trip Interruption: This option provides you with nonrefundable cost of your passenger fare.
Trip Delay Reimbursement: This benefit kicks in if your fight delayed more than 6 hours or overnight, you can be refunded $500 maximum per ticket that is bought via Visa Infinite.
Lost Luggage Reimbursement: When you use your Visa Infinite card to purchase an airline or common carrier ticket and if your luggage get lost or stolen, you can claim a refund up to $3,000 per trip maximum.
Roadside Dispatch®: You can check the addtional coverage details from official website.
Dovly Uplift™: You can check the addtional coverage details from official website.
Jeton Visa Card
Now you can apply for your Jeton Visa card. You can make all your online transactions with Jeton Visa card. Jeton provides a dedicated IBAN for your Visa card. Once your card is activated you can use your card for online payments or contactless payments in stores. Jeton protects your account with high security measures.
If you are curious about how to apply for Jeton visa card, keep reading. It is very easy to apply Jeton Visa card. After you register to Jeton, you will be provided with a dedicated IBAN. Once you are all set, Jeton will provide a Visa card connected to your IBAN. You can either get a physical or virtual visa card issued by Jeton. Jeton also offers additional benefits to Visa card owners. You can get more information from our website.
If you want to find out more about jeton visa card, you can read our blog article about Jeton Visa Card.