Pb bank

Visa means no smart chip, only magnetic stripe.
In countries like US, almost all credit cards have no chips, only magnetic stripes, and most merchants only have magnetic stripe processing decoder(only offline).

Whilst Visa Electron has chip, which doesn't make difference in Malaysia since all Malaysian-issued Cards have chips just like EuroCards.
Since almost all Malaysian merchants have both chips and magnetic stripe processing decoder, you will have no any inconvenience.


Also, it doesn't really mean that Visa Electron are electronic-only transactions. Because countries like Australia and US will accept Visa Electron although they don't have chip processor due to "VISA accepts all" policy.

For Mastercard, regardless of whether that country has chip or not, Mastercard merchant have to accepts Mastercards.

Hope it helps.

RwG

This post has been edited by RwGlmllhpSX: May 19 2009, 03:03 AM

No name on card = can't pass through visa verified = can't get through paypal.

In fact when merchants sign contract with bank (visa or mastercard), they must agree that they will never set limit for the usage and they wont charge customer the interest. But looks like everyone also doin it and dont treat it as big deal.