Visa, Verve, Mastercard (Which ATM card is the best in Nigeria?)

Read my post on the best ATM card in Nigeria.

You might probably be wondering which debit card is the best in Nigeria between the Verve, Visa, and Mastercard.

Maybe you have been to a bank to request a debit card and the question about what card type do you want pops in and then you keep mute, because you don’t know which card is the best or you probably feel all the cards are the same.

This article has covered all you need to know about the different debit cards in Nigeria and also with the information gathered here it is let for you to decide which debit card is the best.

Before we go further that let’s go through the types of a debit card in Nigeria

Types Of Debit Card In Nigeria

Read my post on ATM transfer limits in Nigeria

There are three major types of debit cards and they are

• Verve
• Visa
• Mastercard

This article is about explaining each of these cards as well as their benefits, transaction limits, and possibly the cost of getting this card.

Verve Debit Card

The verve Debit Card is made in Nigeria, this means the verve card is powered by a financial technology company in Nigeria known as Interswitch and which specializes in-network for various transactions.

The Verve Card is accepted all over the country and you can use your Verve card to make payments at POS terminals, and buy goods and services online.

The verve card is also accepted in a few African countries like Tanzania, South Sudan, Rwanda, and Uganda and is seen as Nigerian biggest card payment system with over 25 million users in Nigeria

You are not allowed to use your verve card for international payments or on websites like Alibaba, 1688, and Amazon.  you can only be allowed to make use of the card on local websites in Nigeria that have the verve inscription.

Since verve cards are not internationally accepted the problem of facing numerous scams or facing foreign hackers is usually less

Benefits Of Using A Verve Debit Card

These are  some of the benefits you get to enjoy when you make use of the verve card

• Ability to buy goods and make payments within Nigeria using any POS or web terminal
• It is more beneficial to savings or current account holders
• it is easy to use
• it gives room for easy transfer of money

Is There A Transaction Limit For The Verve Card?

There is usually a transfer limit depending on the services using it for and we will be listing the various services and the limit attached

• you can make a withdrawal of over 150,000 maximum within 24 hours when you use the ATM and
• And by using the POS you can carry out the transaction of 1 million naira in 24 hours
• when you decide to spend on the internet the maximum is 500,000 in 24 hours

How Much Will It Cost To Get A Verve Debit Card

The cost of getting a new verve card or replacing a lost card is 1000 naira only including value-added tax

Visa Debit Card

Read my post on international spending limits on naira mastercard

This debit card is accepted anywhere in the world and unlike the verve card and you can make transactions online or on international websites as well as local websites just like the verve card can be used to make transfers, pay bills, and  POS terminals.

There are different types of visa cards depending on your choice including the Visa classic debit card and visa currency debit card.

The visa card has a CVV which is a three-digit code at the back of the debit card and the pan 16-digit number on the front with a three-year expiration.

The cost of getting a new visa card or replacing a lost card is 1000 naira only including value-added tax

Benefits Of Using A Visa Card

• Ability to make withdrawals and also pay for goods locally and internationally
• Ability to carry out the cashless transaction
• Safety of card is guaranteed

What Is The Transaction Limit For A Visa Card

• You can make a withdrawal of over 150,000 maximum within 24 hours when you use the ATM and
• And by using the POS you can carry out the transaction of 1 million naira in 24 hours
• When you decide to spend on the internet the maximum is 500,000 in 24 hours
• international withdrawal via ATM $1000
• Transaction via is POS $2500
• Payments on the web are about  6250 dollar

MasterCard

This has similar features to the visa card and is accepted both locally and internationally and if you are the type that fancy international trips a lot, it is advisable you get a MasterCard.

Just like the visa card, it can be used for online payment both local or International and it can also be used in ATM and POS terminals

Benefits Of Using The Mastercard

• Dual currency can be attached to your MasterCard this means your local bank and your domiciliary account
• Cashless transaction
• Upgraded security that ensures the safety of your cards is guaranteed
• internationally accepted for payments

What Is The Transaction Limit For A Mastercard

• You can make a withdrawal of over 150,000 maximum within 24 hours when you use the ATM and
• And by using the POS you can carry out the transaction of 1 million naira in 24 hours
• When you decide to spend on the internet the maximum is 500,000 in 24 hours
• international withdrawal via ATM $1000
• Transaction via is POS $2500
• Payments on the web are about  6250 dollar

Which Of These Debit Card Is The Best?

Between the verve, visa, and MasterCard, so far we can see that when it comes to selecting the best there’s no need to include the verve card as it has too many limitations compared to the MasterCard and Visa card.

Probably with time the verve card will improve but currently, the Visa and Mastercard are the best bets.

Everyone is entitled to their own opinion as some people prefer the MasterCard, some individuals will still want to come for the verve card and not everyone would want to travel outside the shores of the country so they don’t necessarily need a visa or Mastercard.

Summary

With all the information stated above, we are on the fence as to which of the above-listed debit card is the best therefore it is left for you to make a decision and choose which one best suits your needs.