What is the role of Visa or mastercard or AmEx on your credit cards

Question

Accepted Answer

Visa, Mastercard, and AmEx are payment networks that process transactions made with credit cards.

Visa, Mastercard, and AmEx are payment networks that facilitate transactions between merchants, banks, and cardholders.
They provide the infrastructure for credit card transactions to occur, including authorization, clearing, and settlement.
Visa and Mastercard are accepted at most merchants worldwide, while AmEx is more exclusive and typically accepted at higher-end establishments.
Each payment network also offers additional benefits to cardholders, such as rewards programs and fraud protection.
Credit card issuers partner with one or more payment networks to offer their customers the ability to make purchases and access these benefits.

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