What is Maestro?
Maestro is a brand of debit card recognized worldwide. Issued by Mastercard in the 1990s, Maestro can be used for making payments online, in stores and restaurants, and for withdrawing cash at an ATM.
A Maestro debit card is issued by associated banks and the card links directly to your checking account, allowing for fast and convenient use of funds.
Maestro vs Mastercard
So what is the difference between Maestro and Mastercard?
Well, it can be confusing because Mastercard and Maestro’s cards are both issued by Mastercard Inc. However, the main difference between the two is that Maestro is only available in the form of a debit card.
Mastercard on the other hand offers a more varied selection of cards. These include debit cards, credit cards, and prepaid cards.
Benefits of Maestro
As was previously mentioned, Maestro is one of the world’s most recognized debit card brands and offers fast and convenient access to cash funds wherever you are.
Fun fact: Maestro is the only online PIN-based debit brand that can be used to make online and offline purchases, and withdraw cash from ATMs around the world! This is the ideal card for travelers.
With Maestro, once you have completed a purchase or withdrawal, the transaction is tracked and the amount is then immediately deducted from your account. This makes it easy to track purchases and manage your bank balance efficiently.
Whenever completing a payment, Maestro debit cards require a unique PIN or signature. This makes the cards secure and reduces the risk of fraud greatly.
Who uses Maestro?
Maestro is issued by banks in over 100 countries and used by over half a million people worldwide!
To find out exactly which countries use Maestro this blog: Payment Methods by Country
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