Connectors / Payment methods / Mastercard

Mastercard

#Card (credit or debit)

Mastercard is a payment services corporation that was established in 1966 by a group of US banks as Interbank Card Association payment instrument, and later got its current name […]

Market coverage 242
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Description

Mastercard is a payment services corporation that was established in 1966 by a group of US banks as Interbank Card Association payment instrument, and later got its current name in 1979.

It is one of the largest card brands in the world, processing transactions in 210 countries, and dominates the co-branded credit card market in Europe.
It offers various types of cards with different benefits, such as cashback rewards, travel benefits, and premium customer service. Mastercard is widely accepted worldwide, and millions of cardholders rely on it for their daily transactions.

Accepting Mastercard can increase sales and attract new customers.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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