answersLogoWhite

0


Best Answer

It charges banks to issue its cards, and charges merchants to accept the cards By charging high interest rate and fee to it's users

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does Visa card company make money?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can one go about earning Visa Rewards?

To earn Visa Rewards you should sign with a card company that offers the rewards. You then make purchases according to their terms to gain rewards from the company for using their card.


How can you create my own visa card?

Unless you are a bank you can not make a Visa card.


What is the visa debit card used for?

The visa debit card is used for any purchase you would normally make with your credit card. The difference is that the visa debit can be used just like a debit card and a credit card. It has the versatility of both. You can make purchases with this card wherever visa is excepted, there are no restrictions.


What are the benefits to owning a prepaid Visa credit card?

These cards are good choices because you actually have to have the money on the card before you can make a purchase very similar to debit cards except that the money is directly on the card not in a checking account.


Is a Visa gift card valid in Chile?

visa gift cards are valid in every single country and you will be able to turn the credit into money online, no matter where you are. but you may face problems when you want to make your payment straight with the card


Can you make a overdrawn with your visa debit card?

no


What is difference between mastercard and visa card?

Visa and MasterCard are two different companies that issue credit cards. The credit card companies charge different 'per transaction' fees depending on the volume of sales of a particular retailer. Visa and MasterCard are simply the company and network that provides the instrument with which you use to make the charge. Basically i prefer visa virtual credit card.


What is the difference between mastercard and visa card?

Visa and MasterCard are two different companies that issue credit cards. The credit card companies charge different 'per transaction' fees depending on the volume of sales of a particular retailer. Visa and MasterCard are simply the company and network that provides the instrument with which you use to make the charge. Basically i prefer visa virtual credit card.


How do I make a Visa payment by phone?

Generally, on the back of your card, is a customer service phone number for the company issuing the card (Visa is a network on which cards are issued). By calling that number, the automated response system should give you options that include paying your bill.


Where is the payment card number on a visa electron card for unit trust corporation?

I own a Visa Electronic card and i want to make a purchase online. What number do i enter?


What are the services of Visa Electron?

Visa Electron is a Debit card which allows you to access Cash instantly anywhere in the world. Visa Electron can be used to draw money out of your bank account from any ATM as well as make payments and purchases safely and securely.


Is there a difference in the prepaid visa and master card and regular cards?

Yes, there is a difference between prepaid and regular cards. With a regular Visa or MasterCard, you have applied to the company for a card. They run your credit report and if the score comes back high enough they will usually send you a card. By accepting the card you promise to pay the card company back for every penny you charge to the card, plus any late fees and interest and other penalties. You are given a credit limit, for example $400.00 You may make up to that amount in purchases with your card.. When you reach $400.. your card will not work anymore. What you must do next is pay the card company back some or all of the $400 you borrowed. If you pay back all the money you owe on time, your credit report will show a positive rating. That means people who review your credit report - like another card company, or when you go to buy a car or a house, will see your repayment history and if it is good, they will be more willing to loan you money than if you had a bad score and did not pay your bills. A prepaid Visa or Mastercard is one you buy at a store or online. When you buy the card you pay for it at the store. For example, the cards come in denominations of $50, $100 or $500 where I live. If you want to buy a $100. prepaid visa you must pay the store the $100 when you get the card. After you have paid for it, you can then charge up to $100 on it. When you have used the card up, it will never work again unless you recharge it ( think that is, you give the card company more money and they will let you charge more.