The Visa Electron debit cards are universally accepted except in countries like Canada, Australia, the United States, and Ireland. It is being established by Visa in 1985 and is a VISA sister card. The only difference between Visa Electron and Visa debit cards is that the transactions with Visa Electron necessitate that the chances of overdrawing are minimal.
The majority of prepaid debit cards need no special application and usually, there are no charges entailed and even if there are it would be quite nominal.
Most financial and banking institutions are offering debit cards with protective codes. When you are applying for debit cards, you need to be cautious about factors like maintenance fee and inactivity penalty lurking somewhere about the fine print though as debit cards target the under and unbanked customers, who fallaciously think that these cards are more cost-effective. A Visa Electron Debit card functions like a cheque, only better.
Almost every country (except the ones mentioned above) has authorized Visa Electron Debit practicality to be integrated on the same plastic card that gives you access to ATM, sales, and other domestic payment gateways.
USP of VISA Electron Debit Card
The unique factor about the VISA electron card is that the payment is rejected if the balance on the linked bank account is insufficient for making the required payment. This feature makes this card usage highly popular in countries with strict regulations for debit cards.
Which section and countries preferred most the Visa Electron Debit Card?
Visa Electron is also popular among students, start-up companies, and consumers with a limited budget. Visa Electron is offered on practically every continent, and, with more than 394 million users, it is a well-known card in i.e., Spain, most Western European countries, Latin America, the Asia-Pacific region, the Middle East, and Africa.
Features of Visa Electron Debit Card