Mastercard is just one option among a variety of global payment solutions that are available to both businesses and customers. The choice of payment network can depend on location, transaction types and associated fees, among other factors. For those operating or residing in the US, several other major card networks offer distinct advantages:
Visa: as a chief competitor to Mastercard, Visa has a comparable global reach and offers a range of benefits. It also provides specialised services for businesses, including data analytics. American Express: this network is not as widely accepted as Mastercard or Visa, but it compensates with a range of perks, such as strong rewards programmes and purchase protection. Discover: primarily used in the US, Discover distinguishes itself with strong customer service and often has lower fees compared with other networks
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