How to swipe MasterCard in China?
MasterCard is divided into single-currency card and dual-currency card. If there is only mastercard logo on the card, you can only swipe your card on a POS machine with mastercard or visa logo. If the bank card has both MasterCard logo and UnionPay logo, then you can swipe your card on the domestic POS machine.
MasterCard and UnionPay
There are three signs on the credit card: UnionPay, VISA and MasterCard. UnionPay is a card organization in China and can only be paid in RMB. The bank cards we handle in China are generally UnionPay cards with the words "UnionPay" on the card face. Cardholders can withdraw money from ATMs in different banks. MasterCard organization in the United States is issued by members of financial institutions participating in mastercard international, which mainly affects Europe, Southeast Asia and other regions. The application scope of the two cards is different. Friends who often spend money in China can apply for UnionPay cards, friends who often go abroad can apply for MasterCard cards, or they can apply for a dual-currency card of UnionPay+MasterCard, which can be used at home and abroad.
Which is better, MasterCard or visa?
MasterCard and Visa are both international credit card systems. After domestic banks cooperate with them, the issued credit cards can be swiped within their alliance. There is not much difference between the two in China. If it is only used in China, only UnionPay cards will be handled. The difference between the two is mainly reflected in foreign countries. If you often travel in Asia and Australia or spend money by credit card, you can apply for a VISA card, because VISA accepts more merchants in Asia and Australia and is more convenient to use. The advantages of MasterCard lie in Europe, North America and Southeast Asia. Friends who often go to these places can choose MasterCard.