How to Money Transfer by Debit Card

How to Money Transfer by Debit Card

A debit card is the most suitable option to keep a tab on your spending habits. Here, you first need to deposit the money in your account to use it later via a debit card.

Now it has become very easy for a foreign worker to receive money and send money to his family abroad without having to pay the overhead tax charges of bank transfer or high cost of international checks. You can apply for a secondary card for your family if you own a prepaid credit card. You can then transfer funds to the secondary card which can be used by your family who might be located in another continent.

Debit cards are a life saver for travellers since you can have quick cash access worldwide via withdrawals from ATMs. Wherever in the world, you will be travelling ATM exist and they offer a great deal of convenience.

Prepaid credit cards also enable parents to keep a control on their children spending habits as well as teach them to use money in a more responsible manner. You can get a prepaid credit card for your child and deposit money to that account. Although it would be similar to a credit card but if the money deposited is exhausted then the child can't use the card any longer.

The procedure to send money and receive money is very easy. All you need to do is log on to secure sites, register and open an account with them and you can start making transactions in real time.

The financial landscape is changing. Traditional banking is predatory: it costs an arm and a leg to get anything done. E-wallets and payment processors are filling the gap. The need to transfer money online easily and affordably is increasingly being met by online payment platforms, which provide the tools to transfer money overseas without all the headaches.

E-wallets provide internet users with a place to store digital cash. This cash can be spent online the same way as the money in your physical wallet can be spent in-store: anywhere, without revealing any personal financial information. E-wallet providers also offer a suite of other tools for transferring money online, including credit card processing, payroll support and remittances.

E-wallet providers are also starting to recognise the need for global digital cash at the point-of-sale. Many e-wallets can now be carried on your phone and accessed by a prepaid debit card, which can be used both online and in-store almost anywhere in the world. By loading funds into your e-wallet and onto your prepaid debit card, prepaid debit cards allow you for budgeting what you need and have that cash at your fingertips anywhere in the world.

So don't look to your bank for the easiest and most affordable way to transfer money online. Payment platforms, the product of a new global marketplace, are a refreshing alternative to all the headaches and hassle, with all the tools you need to transfer money online and access your cash anywhere in the world. With an e-wallet on your phone and a prepaid debit card in your pocket, your money will always be within reach.