1. Different organizations
UnionPay cards are bank cards approved by the China Bank Card Federation, and UnionPay belongs to our own domestic organization.
VISA is a credit card brand operated and managed by the American VISA International Organization.
2. The logos are different
There is a "UnionPay" logo on the UnionPay card, while the VISA card has the VISA logo on it.
3. The card numbers start with different numbers
The card numbers of different bank cards start with different numbers. VISA cards start with the word "4", VISA cards start with the character "62", "60", and "9" Belongs to China UnionPay card.
4. Different scope of use
UnionPay cards are mainly used domestically, while VISA cards can be used domestically and abroad. In comparison, they have a wider scope of use.
5. Different currencies
The currencies used by VISA cards are foreign currencies, that is, currencies of other countries other than RMB, such as US dollars, euros, pounds, etc. Most UnionPay cards Cards are settled in RMB, and a few banks' UnionPay cards support dual currencies or multiple currencies.
6. Different handling fees
There is no handling fee for UnionPay cards. When using non-UnionPay cards in currencies other than US dollars or Japanese yen, international currency exchange handling fees and ATM withdrawal handling fees will be charged. Relatively low.
Usually VISA charges 1.5% of the transaction amount, and some banks’ VISA fees are waived.
7. Different rights and interests
UnionPay has free service hotlines at home and abroad. You can call the hotline to enjoy fast and high-quality 24-hour service.
UnionPay cooperates with more than 10,000 preferential merchants at home and abroad. With UnionPay standard cards, you can enjoy many discounts on clothing, food, housing, transportation, etc.
VISA cards have relatively few of these aspects.
In short, UnionPay and VISA are similar organizations. They are both bank card organizations and do not issue bank cards themselves.
Domestic UnionPay has promoted inter-bank settlement of bank cards, made bank cards universal on the Internet, and played a huge role in maintaining the order of the bank card acceptance market and preventing bank card risks.