When it comes to electronic payments, there are various brands and card schemes available to choose from. The preferred methods vary based on where your business is located. Here are some of the brands that you should consider accepting.
Debit cards
Mastercard: Mastercard debit cards are accepted at millions of locations worldwide.
Visa Debit: Visa Debit is a major brand of debit card, issued by Visa and the most widely-accepted debit card around the world
V Pay: V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Europe. It is not issued or accepted outside European countries.
Girocard: With more than 100 million issued cards, Girocard is the most common debit card in Germany.
Maestro: Maestro is a debit card brand that leverages the Mastercard network. It was launched by MasterCard in 1991 and is now accepted at around 15 million points of sale globally.
Credit cards
Visa: Credit cards with the Visa brand accounted for 17.10% of card purchases worldwide in 2018. And in 2019, there were 797 million VISA credit cards in circulation globally.
Mastercard: Credit cards with the Mastercard brand accounted for 11.39% of card purchases worldwide in 2018.
American Express: American Express (Amex) is a processing network and credit card provider that competes with Visa and Mastercard. American Express had a 2.26% share of card purchases worldwide in 2018.
Mobile wallets
Google Pay: Google Pay is a digital wallet (or mobile wallet) – an Android app where consumers can store their debit and credit card details and pay via their device’s Near Field Communication (NFC) on the merchant’s contactless payment terminal.
Apple Pay: Apple Pay is a digital wallet (or mobile wallet) – an IoS app where consumers can store their debit and credit card details and pay via their device’s Near Field Communication (NFC) on the merchant’s contactless payment terminal.
Payconiq by Bancontact: Payconiq by Bancontact is the leading mobile wallet payment method in Belgium. In 2018, Payconiq by Bancontact recorded 34 million mobile payments in Belgium, which is an increase of 100% compared with 2017. Payconiq is in use throughout Benelux.
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