The Visa Electron card came on the market in 1985 , and although it is almost 10 years since Visa made the decision to limit the issuance of Visa Electron cards, there are still people, especially young people and students who prefer to apply for a Visa Electron, before another card.
The system for using this is very simple and is based on immediate expense and collection , that is, the amount to be paid is automatically deducted from the fund account, at the time of making the payment.
In this way that guarantees them a little more control over their expenses and their money . Similarly, with the daily increase in dependence on a credit agreement , cards such as visa electron are gradually becoming obsolete. Below we will tell you all about Visa Electron cards, their problems and their benefits.
What is a Visa Electron card?
The Visa Electron card is a type of debit card, therefore it does not have the same advantages and disadvantages as using credit cards . In the same way, the Visa Electron is issued in many countries. This, unlike the Visa Debit card, requires that the money is available at the time of payment , while with the Visa Debit cards you can exceed the limit of available money to a certain extent.
One of the characteristics of the Visa Electron card is that it does not have as much acceptance as the Visa Debit , this because some systems cannot verify the fund account, and the merchants cannot verify the existence of said payment.
Using Visa Electron allows you, in a way, to have more control over your expenses and your money. Since the charges will be made immediately and the money will be deducted from your checking account .
However, like the Credit Visa, with the Electron Visa you have more possibilities of receiving discounts and offers from large national and international companies, you can make purchases online , and one of the most important things, it offers you insurance in case of loss or theft of it.
What are the common problems and failures when paying with Visa Electron cards?
Just as the Visa Electron card offers you benefits, there are also inconveniences at the time of use. How can it be that a transaction from a credit or debit card is declined. This is one of the most common problems that users of these have, is that it does not allow the overcharge or overdraft of funds.
In other words, only the money already existing in the fund account can be used . This card was created for people who have the money already available in their account to make the payment.
They are issued and accepted in many countries, however some of the main countries do not issue this type of card, although they do have businesses that have the support of Visa Plus that can accept these cards without problems.
Another small disadvantage of these cards is that they are not as popular as the traditional Credit or Debit Visa , therefore there are a minority of businesses that do not have a payment system capable of verifying the fund account of this card, so they do not they accept it.
Another of the failures when paying with the Visa Electron card is that being a card that does not allow you to take out credit, there may be situations in which you have not checked your funds and you do not realize that you exceeded the daily limit and you have a bad time because you couldn’t pay with this one. For this same reason, some countries have decided only to issue Visa Electron cards to young people interested in them.
How to get a Visa Electron?
We can obtain this in some of the banking entities that have an affiliation with Visa, such as Banco Azteca, Santander, Mifel, among others. The requirements to request one depend on each bank , but generally the two mandatory ones are the personal identification document and a proof of domicile address.
We must know that the Visa Electron is a debit card, so we must be clear about what credit and debit are in accounting and what the differences are .
