Card acceptance any time, anywhere and innovative solutions for online and mobile payments: Worldline provides cashless payment services tailored exactly to the requirements of your customers.
Cashless payment pays off – for your business, too. No matter what industry you’re in, Worldline will always offer you the right solution for cashless payment – precisely tailored to your specific industry requirements.
A partner you can rely on at all times.
Our Service & Support area has all the answers to your questions, along with supplies and promotional materials for your POS and a range of information about all Worldline products and services.
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Debit Mastercard and Visa Debit
The introduction of the new debit cards Visa Debit and Debit Mastercard will make shopping even more attractive for consumers. Merchants and their customers will benefit from additional options that were not previously available with Maestro and V PAY. Opening up online shopping offers the greatest added value for both merchants and customers in this context. That is because these cards make it easier for anyone who does not have a credit card to shop on the internet.
The new debit cards can do everything that their predecessors (Maestro and V PAY) can do – and quite a bit more. They can be used globally at any ATM to withdraw money and to make cashless and contactless payments wherever the Mastercard or Visa symbol is on display. In addition, the new debit cards make online shopping and shopping via smartphone easier. The debit cards can also be easily linked to Apple Pay, for example, allowing mobile payment by smartphone, smart watch and tablet.
In summary, the new debit cards offer the full cost control of a debit card combined with the ability to make online payments and global acceptance.
The distinguishing feature of debit cards is that the amount is debited to the account immediately (pay now).
The key characteristic of a credit card is that the debit is made from the account at a later date. The purchase price is not taken directly from the account, rather the bank pays it in the first instance. The amount is debited to the customer’s account on a monthly basis as a part of the total amount of all payments made (pay later). Credit cards often come with travel insurance included.
A prepaid card is topped up with an amount before it is used and can then be used to make payments until the credit has been used up. Of course, the process can be repeated as often as necessary.
Each bank independently decides which card products it issues to its cardholders. In Switzerland, banks started issuing the new debit cards some time ago already. Introducing the new cards is a decision made by the banks in cooperation with the card organisations, Mastercard and Visa. The role of Worldline is to enable the secure and problem-free acceptance of all cards.
For the merchant the fees are now comprised of a fix amount per transaction plus a percentage of the invoice amount.
This pricing model is based on the following components:
The composition of the interchange fees and the card scheme fees varies for Debit Mastercard and Visa Debit transactions and is defined by the card organisations Visa and Mastercard. Worldline has no influence at the level of the interchange fees and card scheme fees.
The reason for the different transaction fees is the fee structure introduced by the card organisations.
The interchange fee is a transaction fee which depends on the card and the transaction amount. It is charged by Worldline as the acquirer and passed on to the card issuers.
For domestic transactions, the interchange fees in Switzerland have been defined by Mastercard and by Visa since 2017/2018. For Maestro there is no intercharge fee for domestic transactions. The interchange fees for cross-border transactions (use of a foreign card in Switzerland or a Swiss card abroad) are also determined by the card organisations. The interchange fees are defined as a fix amount or a percentage of the transaction amount. They vary, for example, depending on the industry, nature of the transaction, security standard or geographic region. On the basis of the agreement between the Swiss credit card sector and the Swiss Competition Commission (WEKO), the average interchange fee for domestic transactions has been 0.44% of the transaction amount since August 2017. The card organisations are responsible for setting these regulations and for compliance with the guidelines.
In principle, the new debit cards enable cardholders to make online purchases and reservations, for example for hotel bookings or car hire. In addition, the cards can be used all over the world for card payments and withdrawing cash. However, unlike with credit cards, the bank which provides the card does not offer any credit and the card sales are immediately deducted from the cardholder’s account. The additional insurance policies and bonus programmes which are standard with credit cards are not offered. More details can be obtained from the banks which issue the cards.
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