Debit Mastercard and Visa Debit: A new generation of cards

Debit Mastercard and Visa Debit: A new generation of cards

Debit Mastercard and Visa Debit: A new generation of cards

Maestro and V-Pay are being replaced by Debit Mastercard and Visa Debit. Explore the benefits they offer consumers and businesses.

Maestro and V-Pay are being replaced by Debit Mastercard and Visa Debit. Explore the benefits they offer consumers and businesses.

2 maj 2023

Since 1 July 2023, Debit Mastercard and Visa Debit have been the standard for debit card payments in the Netherlands. They replace the popular Maestro and V-PAY debit card, which no longer meets modern consumers' shopping and payment preferences. In this article, discover how the new-generation debit cards differ from their predecessor and how you can benefit by offering them to your customers.

Since 1 July 2023, Debit Mastercard and Visa Debit have been the standard for debit card payments in the Netherlands. They replace the popular Maestro and V-PAY debit card, which no longer meets modern consumers' shopping and payment preferences. In this article, discover how the new-generation debit cards differ from their predecessor and how you can benefit by offering them to your customers.

Since 1 July 2023, Debit Mastercard and Visa Debit have been the standard for debit card payments in the Netherlands. They replace the popular Maestro and V-PAY debit card, which no longer meets modern consumers' shopping and payment preferences. In this article, discover how the new-generation debit cards differ from their predecessor and how you can benefit by offering them to your customers.

Since 1 July 2023, Debit Mastercard and Visa Debit have been the standard for debit card payments in the Netherlands. They replace the popular Maestro and V-PAY debit card, which no longer meets modern consumers' shopping and payment preferences. In this article, discover how the new-generation debit cards differ from their predecessor and how you can benefit by offering them to your customers.

Why Maestro is Bowing Out

Introduced by Mastercard in 1991, Maestro has been a payment stalwart with a global circulation of around 400 million cards. However, the evolution of consumer shopping and payment habits, fueled by digitalisation and the surge in global ecommerce, has rendered Maestro obsolete. It lacks online payment capabilities and faces limited acceptance outside Europe, prompting the need for an upgrade to a debit card that accommodates the demands of modern online transactions.

Introduced by Mastercard in 1991, Maestro has been a payment stalwart with a global circulation of around 400 million cards. However, the evolution of consumer shopping and payment habits, fueled by digitalisation and the surge in global ecommerce, has rendered Maestro obsolete. It lacks online payment capabilities and faces limited acceptance outside Europe, prompting the need for an upgrade to a debit card that accommodates the demands of modern online transactions.

Introduced by Mastercard in 1991, Maestro has been a payment stalwart with a global circulation of around 400 million cards. However, the evolution of consumer shopping and payment habits, fueled by digitalisation and the surge in global ecommerce, has rendered Maestro obsolete. It lacks online payment capabilities and faces limited acceptance outside Europe, prompting the need for an upgrade to a debit card that accommodates the demands of modern online transactions.

Introduced by Mastercard in 1991, Maestro has been a payment stalwart with a global circulation of around 400 million cards. However, the evolution of consumer shopping and payment habits, fueled by digitalisation and the surge in global ecommerce, has rendered Maestro obsolete. It lacks online payment capabilities and faces limited acceptance outside Europe, prompting the need for an upgrade to a debit card that accommodates the demands of modern online transactions.

Transitioning to the Future

During this transition phase, consumers can still use their existing Maestro debit card at payment terminals and ATMs. After they expire, their bank will send them a replacement Debit Mastercard or Visa Debit card.

During this transition phase, consumers can still use their existing Maestro debit card at payment terminals and ATMs. After they expire, their bank will send them a replacement Debit Mastercard or Visa Debit card.

During this transition phase, consumers can still use their existing Maestro debit card at payment terminals and ATMs. After they expire, their bank will send them a replacement Debit Mastercard or Visa Debit card.

During this transition phase, consumers can still use their existing Maestro debit card at payment terminals and ATMs. After they expire, their bank will send them a replacement Debit Mastercard or Visa Debit card.

Visa Debit vs. Maestro: What's the Difference?

Similar to Maestro, Visa Debit payments are immediately deducted from the consumer's account. Here are the distinctions:

  • Visa Debit cardholders can pay at over 70 million points of sale worldwide, wherever Visa is accepted.

  • Unlike Maestro, Visa Debit provides all payment options that the modern consumer expects. Flexibility is key, whether paying online, contactless, mobile, or in-person.

  • The card also enables secure online payments, thanks to advanced technologies securing personal data and transactions.

  • Consumers enjoy purchase protection with Visa Debit, allowing reimbursement for unauthorised transactions.

Similar to Maestro, Visa Debit payments are immediately deducted from the consumer's account. Here are the distinctions:

  • Visa Debit cardholders can pay at over 70 million points of sale worldwide, wherever Visa is accepted.

  • Unlike Maestro, Visa Debit provides all payment options that the modern consumer expects. Flexibility is key, whether paying online, contactless, mobile, or in-person.

  • The card also enables secure online payments, thanks to advanced technologies securing personal data and transactions.

  • Consumers enjoy purchase protection with Visa Debit, allowing reimbursement for unauthorised transactions.

Similar to Maestro, Visa Debit payments are immediately deducted from the consumer's account. Here are the distinctions:

  • Visa Debit cardholders can pay at over 70 million points of sale worldwide, wherever Visa is accepted.

  • Unlike Maestro, Visa Debit provides all payment options that the modern consumer expects. Flexibility is key, whether paying online, contactless, mobile, or in-person.

  • The card also enables secure online payments, thanks to advanced technologies securing personal data and transactions.

  • Consumers enjoy purchase protection with Visa Debit, allowing reimbursement for unauthorised transactions.

Similar to Maestro, Visa Debit payments are immediately deducted from the consumer's account. Here are the distinctions:

  • Visa Debit cardholders can pay at over 70 million points of sale worldwide, wherever Visa is accepted.

  • Unlike Maestro, Visa Debit provides all payment options that the modern consumer expects. Flexibility is key, whether paying online, contactless, mobile, or in-person.

  • The card also enables secure online payments, thanks to advanced technologies securing personal data and transactions.

  • Consumers enjoy purchase protection with Visa Debit, allowing reimbursement for unauthorised transactions.

Debit Mastercard vs. Maestro: What's the Difference?

Mastercard describes the switch from Maestro to Debit Mastercard as an 'upgrade of the debit card.' Here's what the Debit Mastercard offers on top of regular debit transactions:

  • Debit Mastercard encompasses all security and digital features of other Mastercard cards.

  • The card is accepted globally at over 80 million points of sale and is suitable for online payments. Mastercard's acceptance network is twice as extensive as Maestro's.

  • Debit Mastercard ensures a secure, user-friendly online shopping experience.

  • Cardholders can set up recurring payments with the Debit Mastercard, such as for grocery apps, meal delivery services, or subscriptions like Netflix and Spotify. It can also be used for services that currently require pre-authorisation, like hotel bookings or car rentals.

  • Consumers enjoy various benefits, including purchase and chargeback protection.

Mastercard describes the switch from Maestro to Debit Mastercard as an 'upgrade of the debit card.' Here's what the Debit Mastercard offers on top of regular debit transactions:

  • Debit Mastercard encompasses all security and digital features of other Mastercard cards.

  • The card is accepted globally at over 80 million points of sale and is suitable for online payments. Mastercard's acceptance network is twice as extensive as Maestro's.

  • Debit Mastercard ensures a secure, user-friendly online shopping experience.

  • Cardholders can set up recurring payments with the Debit Mastercard, such as for grocery apps, meal delivery services, or subscriptions like Netflix and Spotify. It can also be used for services that currently require pre-authorisation, like hotel bookings or car rentals.

  • Consumers enjoy various benefits, including purchase and chargeback protection.

Mastercard describes the switch from Maestro to Debit Mastercard as an 'upgrade of the debit card.' Here's what the Debit Mastercard offers on top of regular debit transactions:

  • Debit Mastercard encompasses all security and digital features of other Mastercard cards.

  • The card is accepted globally at over 80 million points of sale and is suitable for online payments. Mastercard's acceptance network is twice as extensive as Maestro's.

  • Debit Mastercard ensures a secure, user-friendly online shopping experience.

  • Cardholders can set up recurring payments with the Debit Mastercard, such as for grocery apps, meal delivery services, or subscriptions like Netflix and Spotify. It can also be used for services that currently require pre-authorisation, like hotel bookings or car rentals.

  • Consumers enjoy various benefits, including purchase and chargeback protection.

Mastercard describes the switch from Maestro to Debit Mastercard as an 'upgrade of the debit card.' Here's what the Debit Mastercard offers on top of regular debit transactions:

  • Debit Mastercard encompasses all security and digital features of other Mastercard cards.

  • The card is accepted globally at over 80 million points of sale and is suitable for online payments. Mastercard's acceptance network is twice as extensive as Maestro's.

  • Debit Mastercard ensures a secure, user-friendly online shopping experience.

  • Cardholders can set up recurring payments with the Debit Mastercard, such as for grocery apps, meal delivery services, or subscriptions like Netflix and Spotify. It can also be used for services that currently require pre-authorisation, like hotel bookings or car rentals.

  • Consumers enjoy various benefits, including purchase and chargeback protection.

How to Receive Payments with Debit Mastercard and Visa Debit?

If you want to allow your customers to pay with Debit Mastercard and Visa Debit, be aware that accepting Maestro doesn't automatically mean you can receive payments via the new debit cards. Keep in mind that you'll need to adjust your payment terminals and/or update the software.

If you're a Mollie customer, you can rest easy. If you already accept cards through Mollie, we'll ensure that you can automatically receive payments with Debit Mastercard and Visa Debit. You don't need to take any action.

If you want to allow your customers to pay with Debit Mastercard and Visa Debit, be aware that accepting Maestro doesn't automatically mean you can receive payments via the new debit cards. Keep in mind that you'll need to adjust your payment terminals and/or update the software.

If you're a Mollie customer, you can rest easy. If you already accept cards through Mollie, we'll ensure that you can automatically receive payments with Debit Mastercard and Visa Debit. You don't need to take any action.

If you want to allow your customers to pay with Debit Mastercard and Visa Debit, be aware that accepting Maestro doesn't automatically mean you can receive payments via the new debit cards. Keep in mind that you'll need to adjust your payment terminals and/or update the software.

If you're a Mollie customer, you can rest easy. If you already accept cards through Mollie, we'll ensure that you can automatically receive payments with Debit Mastercard and Visa Debit. You don't need to take any action.

If you want to allow your customers to pay with Debit Mastercard and Visa Debit, be aware that accepting Maestro doesn't automatically mean you can receive payments via the new debit cards. Keep in mind that you'll need to adjust your payment terminals and/or update the software.

If you're a Mollie customer, you can rest easy. If you already accept cards through Mollie, we'll ensure that you can automatically receive payments with Debit Mastercard and Visa Debit. You don't need to take any action.

Offer Customers Their Preferred Payment Methods with Mollie

Looking for a straightforward way to boost your conversion rate? Optimise your checkout by offering customers the payment methods they expect. With Mollie as your payment provider, you can accept more than 25 payment methods, including credit cards, debit cards, and popular local options like iDEAL.

While the popularity of most payment methods varies from country to country, there's one method you can always rely on: cards. Don't offer cards in your checkout yet? Click here for more information on card payments.

Mollie offers solutions for every business, big and small, to receive payments, optimise conversion, and access financing. As a Mollie customer, you also enjoy:

  • Transparent pricing and no lock-in contracts.

  • Quick, straightforward onboarding, allowing you to get started right away.

  • Access to the Mollie Dashboard and Mollie App to monitor your business closely.

  • Support from multilingual teams familiar with the local market.

  • A range of integrations for accounting, invoicing, CRM, ERP, and more.

Want to know more? Discover our payment solution via the product demo (desktop only).

Convinced of our offer? Create an account now.

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MollieNewsDebit Mastercard and Visa Debit: A new generation of cards
MollieNewsDebit Mastercard and Visa Debit: A new generation of cards
MollieNewsDebit Mastercard and Visa Debit: A new generation of cards