Tag Archives: prepaid cards

Send and Receive Money Anywhere with Payza

By Mohammed Waseem

UK based payments provider, Payza offers an e-wallet that is available and accessible in over 200 countries across the globe. Users can send and receive money and can load and withdraw it in many ways supported by the e-wallet. 21 currencies are supported, including USD, CAD, EUR, GBP, MYR, AUD, NZD and HKD among others.

With Payza, users can take the money around the world, without carrying it. They can also send and receive money from anywhere, at any time. In addition, they can pay for shopping online as well. This is so good that even if the ‘Pay with Payza” option is not available; payment can be made from the e-wallet online.

PayzaMost customers are happy with its speed of transfer between the wallet and bank account or a card. Users can load their Payza e-wallet through bank account transfer (where available), bank wire, credit card and debit card. Withdrawal can be done to a bank account, through bank wire and to the Payza Prepaid Card. Hundreds of local payment options are supported for loading and withdrawing funds from the Payza e-wallet.

Users can send money worldwide with Payza to multiple recipients. They can also send gifts of pay back a loan. In order to do this, they need the recipient’s email address, that’s it. They can also send money through a Payza authorized exchanger, including Cavirtex, EgoPay and EraChange. SimplySendBD is a new product Payza has launched for Bangladesh, that enables users in Bangladesh to receive funds from anywhere in the world. From the sender’s viewpoint, the product can be used to send money from anywhere in the world to Bangladesh. Apart from sending, users can request and receive money.

Payza Prepaid Card is available in USD and CAD and can be used anywhere Visa cards are accepted. It can be used just like a debit card or for withdrawing money from an ATM. A one-time fee is applicable for ordering the card, which is $19.95. Various fees applicable are: card load fee of $1 or ATM transaction fee between $2.5 an $3, inactivity fee (for 3 months of inactivity) of $1 charged monthly, over the counter withdrawal fee of $10, POS usage fee of $0.5 and foreign exchange fee of 2.5%. At present, prepaid cards are not being issued, but may be resumed in the future.

To use Payza, users should have a free account, load their wallet. They can start sending and receiving money right after that. No monthly fee or activation fee is applicable; sending money is free, but recipients may be charged a fee starting at 2.50 % + $0.25. The fees for adding funds are: bank wire fees, prepaid card fees and credit card fees. Withdrawal fees for bank wire and prepaid card are also applicable, apart from currency conversion fee of 2.5%. Most fees may be different for each country, and can be checked here.

Send and Receive Money Anywhere with Skrill

By Mohammed Waseem

Money transfer through the Internet is the new norm which is becoming a part of everyone’s lives. As entrepreneurs come up with products and services, competition is increasing. Skrill, formerly known as Moneybookers is a global player that allows payments to be made through the internet.

Based in the UK, they have offices throughout the rest of Europe and the USA. They have over 36 million users who use their service to send and receive money in 200 countries in 40 currencies. They have a wide range of payout options which number to over 100. Over 156,000 businesses including Skype, oDesk and eBay have chosen to use their services ranging from simple one-step integration to fully tailored payment solution.

Don't just sent it. Skrill iT.
Don’t just sent it. Skrill iT.

Skrill is accessible anywhere at any time and on any device. Users can send money instantly online with Skrill iT, which lets the sender send money to anyone with an email address in 200 countries and offers over 100 ways to withdraw or use the money. They also support transfers to the mobile wallets of the world leader in mobile payments, M-Pesa (in Kenya).

They say “Don’t just send it, Skrill iT”. This tagline seems to aim at revolutionizing money transfers just like Google revolutionized search. Anyone can send money in minutes and the recipient receives it instantly. In order to send money, users have to create an account with Skrill and register a way to pay. If the recipient does not have an account with Skrill, they are asked to create one, which takes no more than a minute and the money is available for them to withdraw. Withdrawal can be made in over 100 ways, which includes direct deposit into their bank account or Visa card or it can be accessed through their Skrill Prepaid card at over 1.9 million MasterCard ATMs worldwide.

The basic fee they charge is 1% of the transaction, capped at €10 maximum. Withdrawal charges may apply for the method chosen. Additionally, foreign exchange rates starting from 2.99% are applicable for sending to countries with a different currency. Paying at a shop or transferring funds with any merchant is free of charge. Senders can pay using a local bank or all major accepted payment methods including Visa, MasterCard and American Express.

Once the money has been sent, both sender and the receiver are notified by email and the receiver has 14 days to open their Skrill account and confirm receipt, failing which, the money and the fees are automatically credited back to the sender’s account.

Like I said, Skrill has the potential to revolutionize payments and they are already in the process by having over 36 million individuals and over 156,000 businesses on-board.