FAQs
Visa Direct and Mastercard Send is a quick and effortless way to supply funds to the cards your customers already carry.
What does Visa direct mean on my bank statement? ›
“Visa Direct enables our customers to move money between their accounts instantly, facilitating a best-in-class UX that customers have come to expect.” — Maria Georgieva, Head, International Daily Banking and Cards.
What is the difference between Visa and Visa Direct? ›
The difference between Visa Checkout and Visa Direct is that Visa Checkout acts like a virtual wallet where Visa Direct does P2P payments and funds disbursem*nts. Below is some more information on what each API does.
What is a Visa direct payment debit card? ›
Visa Direct Payouts is a service that enables money to be pushed into bank, debit card4, or prepaid card4 accounts to complete business payouts, P2P transfers, app withdrawals, and more.
Is Visa Direct safe to use? ›
Visa Direct is helping create the infrastructure necessary for a secure, connected global economy. Built with Visa's risk management products, Visa Direct benefits from our relationships with select partners who are innovating at the forefront of identity management, fraud management, and artificial intelligence.
What is the use of Visa Direct? ›
Visa Direct service allows you to send and receive money in real time using the Visa platform, anywhere in the world. With this service, you can transfer money simply, quickly, and securely, without the need for a bank account.
Who is eligible for Visa Direct? ›
All Visa Direct programs require the originator to be a licensed Visa acquirer or be sponsored by a licensed Visa acquirer who is ready and able to sponsor Visa Direct programs.
Is Visa Direct like Zelle? ›
Visa Direct is Visa's version of Zelle or Venmo, it's the instant-sending tool created by the credit card giant that gives card-holders the ability to send payments immediately.
How to use Visa Direct to send money? ›
How does Visa Direct work?
- Access the service through Netbanking, mobile or ATM.
- Enter the recipient's 16 digit Visa card number and the amount you want to send.
- The money will be received into the recipient Visa credit, debit or prepaid card.
- Recipient can use the received funds at any Visa merchant or ATM.
What is the limit on Visa direct? ›
You can send up to $2,500/day with Visa Direct.
Any money you transfer using Visa Direct is sent to the bank account linked to your receiver's debit card – instead of the card itself.
What is MasterCard send? ›
Mastercard Send is a real-time push payment platform that enables individuals and businesses to send and receive money quickly and securely. It allows users to send money directly to a recipient's debit card, bank account, or mobile E-wallet using only their email address or mobile number.
What is Visa Direct on my bank statement? ›
Visa Direct is a network that facilitates funds transfers by Visa's client financial institutions.
What are Visa direct payouts? ›
Visa Direct Payouts is a service that allows Visa financial institutions and financial institution partners to send push-to-account (P2A) and push-to-card4 (P2C) payouts (i.e. payment transactions) in different markets around the world.
Does Visa Direct have fees? ›
Visa Direct — Visa Direct transactions have an Interchange rate of 0.25%.
What is Mastercard send? ›
Mastercard Send is a real-time push payment platform that enables individuals and businesses to send and receive money quickly and securely. It allows users to send money directly to a recipient's debit card, bank account, or mobile E-wallet using only their email address or mobile number.
How to send money through Visa Direct? ›
How does Visa Direct work?
- Access the service through Netbanking, mobile or ATM.
- Enter the recipient's 16 digit Visa card number and the amount you want to send.
- The money will be received into the recipient Visa credit, debit or prepaid card.
- Recipient can use the received funds at any Visa merchant or ATM.
What is the difference between Mastercard Send and MoneySend? ›
The Mastercard® Send™ platform and services facilitate funds transfers and are intended for use by specific types of customer, see Participants. Mastercard Send enables payments and funding via a transaction type called 'MoneySend'.