Thursday, February 3, 2011


The EFTPOS debit card system has been extraordinarily well-liked in Australia for a number of years. Its handiness and usefulness won over millions of debit card fans around the country. But, the appearance of Visa debit card in the market has uncovered a few of EFTPOS’s drawbacks.

Fundamentally, a Visa debit card unites all the characteristics of EFTPOS, with a number of the finest features of a credit card. You can make use of your card at thousands of retail outlets and ATMs around the country. You can exercise your card to make acquisitions as well as to make money withdrawals at the time of buying anything. Similar to an EFTPOS card, all acquirements and cash extractions are charged to your account. If you do not have cash in your bank account, you cannot make an acquisition.


However, Visa debit cards put forward a number of noteworthy additional advantages, also. As a Visa card, they can be exercised to make purchases wherever the visa cards are accepted, worldwide – that’s more than 24 million outlets. In addition you can make withdrawals at ATMs worldwide.

In reality, Visa debit cards are becoming a famous substitute to usual credit cards. Here also, there is an advantage, since they are not a form of credit they do not have a need of, credit check and drawn out application procedure and they also slash out the threat of mishandling of card and the chances of falling into superfluous debt.

Contrasting EFTPOS, Visa debit cards present excellent fraud safety. Visa offers ‘zero liability’ in case of fraud and illegal exploitation of card.

Visa debit cards provide several diverse advantages over EFTPOS, in particular for people who travel out of the country and are fond of to shopping online or over the telephone.

In the vein of visa debit card, The Debit MasterCard also offers self-sufficient operation authority to customers. The company sells MasterCard debit cards through numerous aligned banks around the world. MasterCard has three products in the debit card category: the Standard MasterCard, Gold MasterCard and Platinum MasterCard.

Most banks offer these cards devoid of laying you with any soaring fees. 

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