VISA and Master are the preferred
choice for payment gateway collections and transaction. here's
why :
VISA and Master are the only
2 Credit Card companies that allow electronic processing of
Credit Cards in India. The rest of the Credit Card companies
like American Express, Discover require manual processing. This
is a time consuming and error prone method.
VISA and Master account for more
than 65% of Worldwide. This accounts for more than $ 2 Trillion
collections annually from over 1 Billion issued Credit Cards
that are accepted in over 25 million locations across 200+ countries.
VISA and Master are the most
recognizable brands in the World today.
The volume of Online transactions
via Debit Cards is miniscule as compared to Credit Cards in
India. Since integrating a particular Bank's Debit Card needs
the Payment Gateway Service Provider to maintain a separate
integration, the maintenance cost of such an integration overtakes
the very need.
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