Visa Electron is a debit card, issued by Visa, with over 400 million users worldwide. This payment method is especially popular in Spain and most other west European countries, Latin America, Asia Pacific, the Middle East and Africa.
Visa Electron has a built-in safety function that gives a warning in case of overspending. On each payment with Visa Electron, it is first checked whether sufficient balance is available on the account, and the payment is immediately processed after authorisation.
This is unlike other debit cards of Visa which allow a payment that exceeds the available balance up to a predetermined limit.
The ‘security function’ of Visa Electron makes this debit card especially popular among students, start-up companies and people with a limited budget.