Is the Mastercard a credit or debit card?

Spot-on-murph

Thijs I know it’s hard to answer but I’m waiting 9 days now for debit card to arrive 🤷,
Is it sent by standard post or courier I’m based in Ireland

thijsoost

Simon It's sent by standard post. Delivery takes ±2 weeks, so it should arrive in a few days!

Spot-on-murph

Thijs Thank you

Declan-Lime-Unicorn

Thijs It's not a credit card. It's a MasterCard Debit. They are all mislabeled as credit because anything that isn't Maestro is called a credit card by the Dutch. 😂

Jakob-Y

pl0x Maestro, Mastercard Debit and Mastercard Credit are three different things. And bunq's card used to be Mastercard Debit, then they switched them to Mastercard Credit. They're also still offering Maestro cards. But most of bunq's cards are actually chipped as Mastercard Credit nowadays, not Mastercard Debit anymore. (Some might still exist because customers still use them and they didn't expire yet.)

Maybe they will re-introduce Mastercard Debits when Maestro is gonna go away next year, but the Mastercard Credit is here to stay I think. (Just because bunq is from The Netherlands and not glorious UK doesn't mean they don't understand what a credit card is... they are actually a bank cooperating directly with Mastercard)

New-Yellow-Coati-3019970924

Jakob Can you share link where to read about Maestro leaving next year? Is this Netherlandish-level or it’s bunq decision?

CyberLAN

Jakob Do you know what will happen if the existing debit Mastercard expired, is bunq going to replace it with a Credit Mastercard or they will replace it with a debit Mastercard?

Jakob-Y

Roman Mastercard decision, all over EU. https://www.mastercard.com/news/europe/en/perspectives/en/2021/blog-from-valerie-nowak-why-this-maestro-is-retiring-after-30-years/

New-Raspberry-Skunk-2371799330

Kan ik wel mobiel pinnen bij de winkel?

thijsoost

Theodorus Gerardus Maria Yes, you can add your cards to Google Pay or Apple Pay.

New-Raspberry-Skunk-2371799330

Dat heb ik gedaan maar bij de supermarkt werkt het niet

Bastiaan

Theodorus Gerardus Maria In Nederland worden in de meeste winkels en supermarkten enkel Maestro en V-Pay kaarten geaccepteerd, niet Mastercard (Credit).

Filipe-Purple-Lion

If I want to rent a car, can I use this card as credit card for the rental?

Jakob-Y

Filipe Sure. Just make sure that there is enough money on your connected account to cover for the payment and the full deposit. The payment won't go through otherwise.

thijsoost

Filipe Maybe it's good to mention that some companies at some places don't accept the bunq Mastercards, although they should. More info here: https://together.bunq.com/d/45349-easily-rent-a-car-with-your-bunq-credit-card

AlexFL

So all Dutch merchants are going to be accepting Debit Mastercard/Visa in the near future because of the retirement of maestro/v-pay. Most acquirers are currently updating the terminals to accept them. Since Bunq started labeling their cards as creditcards, these will not work in all those stores that decide not to accept creditcard payments because of the different fee vs maestro & Debit Mastercard/Visa.

Damn!

thijsoost

Alex It doesn't matter how bunq labels cards for the acceptance of cards. It's a Mastercard, that's all that counts when it comes to acceptance. Since Maestro will phase out between 2023-2027, it's likely to assume that Dutch stores will all start accepting Mastercard.

Bastiaan

Thijs But a shop can always decide to only accept Mastercard Debit and not (European) Mastercard Credit cards.
It's not very customer friendly of course, but it is legal.

thijsoost

Bastiaan Oh really? Didn't know that!

AlexFL

And you bet they will since the fee for debit MC/VS transactions will remain the same as current Maestro (fixed 0,05 - 0,10 cts). Where credit transactions cost between 1.75 %- 2.50 % of the payment total.

Btw, shops will not need to do anything to start accepting these Debit transactions as a replacement of Maestro, if they want to accept Credit transactions however they will need to take steps to start accepting these themselves.

pqckmqn

Alex That’s false info. Payments with debit cards are capped in the European Union at 0,2% of the transaction value and every other card payments, including consumer credit cards, are capped at 0,3%. These are the interchange fees reglemented by the EU. So there is no objective reason (also not for the Netherlands), why shops shouldn’t accept credit cards with the end of Maestro/V-Pay. And I never met a terminal in the wild which accepted Debit Mastercard/Visa but not the Credit Version.