Visa electron card

Visa electron card

Lippo Bank, together with Visa International, is launching
Visa Electron, a debit card that is accepted worldwide. Unlike
credit cards, customers must first have a savings account with a
balance to obtain the card. Quite frequently, we can see its
advertisements appear in major newspapers informing the
convenience of doing transactions at any merchant bearing the
Visa logo. There are 10,000,000 merchants worldwide. The card can
also be used to withdraw money from any Automatic Teller Machine
(ATM) displaying a Visa/Plus logo, of which there are 500,000
ATMs worldwide. We have to admit that is very convenient.

However, besides the facilities mentioned above, I think
customers want to know also whether any administration fees are
involved with the transactions or cash withdrawals, considering
that customers already have a savings account with Lippo Bank. If
so, what is the amount per transaction? And if the card is used
outside Indonesia, what is the exchange rate applied by Visa? Do
customers have to pay a so-called service fee or online fee?

It would be a good idea if LIppo Bank or Visa International
would provide this information. In addition, Lippo Bank can
always stress the advantages of debit cards compared to credit
cards, and why one must have a debit card if he/she already has a
credit card.

I believe the more information is provided, the more customers
will apply and hopefully boost the number of debit cards in use,
making it a more familiar method of payment in Indonesia, which
in the end, would increase service to customers.

ADRIANUS HIYUNG TJUNG

Jakarta