VISA DIRECT & MASTERCARD SEND | XTM Inc. (2024)

FAQs

What is Visa Direct and Mastercard Send? ›

Visa Direct and Mastercard Send is a quick and effortless way to supply funds to the cards your customers already carry.

“Visa Direct enables our customers to move money between their accounts instantly, facilitating a best-in-class UX that customers have come to expect.” — Maria Georgieva, Head, International Daily Banking and Cards.

The difference between Visa Checkout and Visa Direct is that Visa Checkout acts like a virtual wallet where Visa Direct does P2P payments and funds disbursem*nts. Below is some more information on what each API does.

Visa Direct Payouts is a service that enables money to be pushed into bank, debit card⁴, or prepaid card⁴ accounts to complete business payouts, P2P transfers, app withdrawals, and more.

Visa Direct is helping create the infrastructure necessary for a secure, connected global economy. Built with Visa's risk management products, Visa Direct benefits from our relationships with select partners who are innovating at the forefront of identity management, fraud management, and artificial intelligence.

Visa Direct service allows you to send and receive money in real time using the Visa platform, anywhere in the world. With this service, you can transfer money simply, quickly, and securely, without the need for a bank account.

All Visa Direct programs require the originator to be a licensed Visa acquirer or be sponsored by a licensed Visa acquirer who is ready and able to sponsor Visa Direct programs.

Visa Direct is Visa's version of Zelle or Venmo, it's the instant-sending tool created by the credit card giant that gives card-holders the ability to send payments immediately.

You can send up to $2,500/day with Visa Direct.

What does Visa direct mean US bank? ›

Any money you transfer using Visa Direct is sent to the bank account linked to your receiver's debit card – instead of the card itself.

Mastercard Send is a real-time push payment platform that enables individuals and businesses to send and receive money quickly and securely. It allows users to send money directly to a recipient's debit card, bank account, or mobile E-wallet using only their email address or mobile number.

Visa Direct is a network that facilitates funds transfers by Visa's client financial institutions.

Visa Direct Payouts is a service that allows Visa financial institutions and financial institution partners to send push-to-account (P2A) and push-to-card⁴ (P2C) payouts (i.e. payment transactions) in different markets around the world.

Visa Direct — Visa Direct transactions have an Interchange rate of 0.25%.

Mastercard Send is a real-time push payment platform that enables individuals and businesses to send and receive money quickly and securely. It allows users to send money directly to a recipient's debit card, bank account, or mobile E-wallet using only their email address or mobile number.

The Mastercard® Send™ platform and services facilitate funds transfers and are intended for use by specific types of customer, see Participants. Mastercard Send enables payments and funding via a transaction type called 'MoneySend'.