MasterCard is an international bank card of the payment system of the same name. It operates in 210 countries and has over 29 million reception points. Its core business is processing payments between merchant acquiring banks, issuing banks or credit unions using its branded debit and credit cards for payments.
The company’s headquarters is located in New York, USA. The system arose after the conclusion of an agreement between several banks in the United States. In connection with the growth of the company, a non-stock corporation Mastercard International Incorporated was founded. For this payment system, the main currency can be either the US dollar or the euro.
Card types
Today, the Mastercard payment system can offer you a choice of 3 groups of plastic cards: entry-level cards, classic cards and premium class cards. All of them provide their users with the opportunity to pay for services, purchase goods at retail outlets and via the Internet, withdraw cash, connect Internet or SMS banking. The main differences between the groups are what restrictions or additional bonuses you can get by owning a particular card.
