What is the difference between PayPal and Mastercard?

Visa and MasterCard are credit card networks, or schemes or brands. They act as intermediaries between issuers and acquirers (typically banks) in authorizing credit card transactions. They don't issue credit cards themselves, but do it in conjunct... read more

Visa and MasterCard are credit card networks, or schemes or brands. They act as intermediaries between issuers and acquirers (typically banks) in authorizing credit card transactions. read more

PayPal vs Credit card Paypal and credit cards are electronic money transactions. They have become so convenient to use that there is no need for checks or money orders. Let us look at the two. read more

In the Mastercard world, all of these roles are played by different actors (banks mostly) at each step, with the Issuer taking most of the income from the 3% or so the merchant pays, the Acquirer taking the next most, then the processor(s), and finally Mastercard takes something between a tenth and a fifth of a percent (0.10% - 0.20%) depending on several factors. read more