This is our MoneySend Prepaid MasterCard Debit Review of the two cards MoneySend offers: the MasterCard MoneySend Prepaid Card and then the Virtual MasterCard MoneySend Prepaid Debit Card (for internet purchases).
MasterCard MoneySend Prepaid Card Review
MoneySend MasterCard Prepaid
The MasterCard MoneySend Prepaid Card is just one of many MasterCard prepaid debit cards. This card allows the cardholder to both receive and send money from anywhere in the country simply by using the mobile phone. As this is one of the cheapest and easiest ways to send or receive money, this card is a good option for someone who constantly deals with and relies on money transfer.
Limited MoneySend MasterCard Features As A Result
As you have probably guessed, the features of this prepaid debit card are somewhat limited because of the nature of the card. This card is considered to be customized for two types of people. The first type consists of those who do not want anything to do with a bank account and prefer a prepaid debit card instead, which in a way works exactly the same way as a bank account does, with the obvious added benefit of being able to send or receive money via your mobile phone. The second type consists of those who have no problems with keeping their bank accounts active, while using a prepaid debit card. The main and probably the only reason why a person like this opts for the MasterCard MoneySend Prepaid Card is because of its special money transfer feature. This card has received a lot of praise by people who work in the foreign exchange and money transfer business because it has allowed them a lot more flexibility in their business.
MoneySend Prepaid Debit MasterCard Money Transfer Feature
Nonetheless, this feature does not have to benefit only those who work in the money transfer industry, because it is very likely that others would also require a quick and easy method for money transfer. For example, suppose that you are out shopping for something extremely important. However, just before you are about to pay, you realize that the balance on your prepaid debit card is not sufficient to make the purchase. Imagine how handy this quick money transfer feature could be. Instead of having to use your credit card, an act that every credit card holder dreads, or having to go home empty handed, why not message your dad or brother to transfer you the required amount, which you could easily return to them when you get the money? It is as simple as that, which is why MasterCard MoneySend Prepaid Card has never restricted itself for just a particular type of customer.
MoneySend MasterCard ATM Access For Cash Withdrawals
In addition, this prepaid debit card allows full access to ATMs around the world wherever MasterCard debit cards are accepted. This also applies for international purchases. For example, if you are on an international vacation, there should be no problem in using this prepaid debit card to help meet your expenses.
Better Business Bureau MoneySend Ratings
If you look at ratings given to this card such as that given by the Better Business Bureau, you would have no second thoughts about getting the MasterCard MoneySend Prepaid Debit Card. Even though its features are not extraordinary, they are more than sufficient to help you meet your basic needs. Moreover, the lack of certain features is also one of the biggest reasons why the fees and costs of this prepaid debit card are comparatively lower. The top-up options are probably the most diverse and easiest of any prepaid debit card that you have ever heard about, and there are not many, if any, out there that offer the option of money transfer via your mobile phone. This is why this card has been given a good rating of 4 stars out of 5.
MoneySend MasterCard Prepaid Card Fees & Pricing
The MasterCard MoneySend Prepaid Debit Card has no activation fees. The monthly fee is only $1.95, which is relatively low as compared to other debit cards. This card also allows signature transactions and PIN transactions for free. The card has a maximum limit of only $2500, which might be considered by many to be too low. Nevertheless, if you think about the fact that you can withdraw and deposit money onto the card whenever you please, this more than makes up for this shortcoming. Moreover, it is not often that you will spend more than $2500 on any given day. If so, you are probably a major spender, and this card might not be for you.
The card’s fees for withdrawals and balance inquiry are $1.95 and $0.95 respectively. This can be considered a bargain as compared to other debit cards. In short, you should seriously consider this great debit card, especially if you plan on using it for money transfer, as well as meeting your most basic debit card needs.
Virtual MasterCard MoneySend Prepaid Debit Card Review
Virtual MoneySend MasterCard Prepaid Card
The Virtual MasterCard MoneySend Prepaid Debit card is the prepaid debit card to get if you are regularly sending and receiving funds to and from family. This card allows you to carry out all of these third party transactions simply by using your mobile phone. As stated in its name, this is a virtual debit card, which means that there is no actual plastic card issued to the applicant. Cardholders can access this virtual money prepaid debit card account through the Internet.
Two Accounts Required With Virtual MasterCard MoneySend Prepaid Debit Card
To use this virtual debit card, you have to set up two different accounts. You have to ensure that your MoneySend account and virtual debit card account are activated. Both of these accounts will then have to be connected with each another before you can make any transactions. In addition, in order to fund the virtual debit card, you will have to transfer funds from another source into your debit card account. The difference between sending and receiving money is that you can send it to anyone anywhere, but in order to receive it, the sender has to send it via MoneySend.
Virtual MasterCard MoneySend: Flexibility At Maximum
For those who are looking for a flexible debit card, the Virtual MasterCard MoneySend Prepaid debit card is the perfect choice because it enables you to use it anywhere in the world wherever MasterCard is accepted. This is considered a specialized debit card because it allows you to send and receive funds through MoneySend. (MoneySend is a completely secure service that allows easy online transfer of money anywhere in the world. This service was created through collaboration between MasterCard worldwide and DBS Bank. The process is rather straightforward, as the money is transferred from your Internet bank or card account to the beneficiary’s bank or card account, with the obvious requirement that everything must linked to a MasterCard.)
Virtual MasterCard MoneySend Additional Information
Another important piece of information that you need to know is that this virtual debit card is different from most other prepaid debit cards. This virtual debit card does not have the specialist features of account replacement Debit Cards. While those debit cards have all the features that people look for as an alternative to a bank account, the Virtual MasterCard MoneySend Card is a special card for those who require regular money transfers. It is important to highlight these differences so that customers are not left confused or make incorrect decisions that leave them with a product that is not applicable for them.
Virtual MasterCard MoneySend Prepaid: For Low-fee Money Transfer ONLY
So who should use this virtual debit card? In short, people who have to transfer money regularly from one place to another, but are not willing to pay large fees should really take advantage of this virtual debit card. Most Money Transfer Companies can charge up to 10% of the total transfer amount, but with this debit card, the transfer fee is much lower. Using the Virtual MasterCard MoneySend Card is considered an inexpensive method to send or receive money anywhere in the world. However, the real advantage is the fact that there is no complicated process as all you need is an account that is linked to the MoneySend network and a mobile phone that will be used to send the command to the service center to make a certain transaction. The money is then transferred in a quick, easy and cheap manner that has proven its reliability and delivery over time.
Virtual MasterCard MoneySend Prepaid Fees & Pricing
As for the fee structure, there are no activation and monthly fees for this virtual debit card. Compared to other prepaid debit cards, you are saving over a hundreds of dollars a year. Moreover, there are also no signature or PIN transactions fees, which is also a great benefit. Since there is no actual plastic debit card, ATM fees do not apply for this card.
The limit for this virtual debit card is $2500. There is a little known fact that many people do not know about this card, which is that a physical card can be issued, on special request, to a cardholder. This is actually a great option to have because there are always times when you would appreciate having an ATM card around to make purchases at retail or department stores. However, the fee structure that has been specified in this article is not applicable to the plastic version of this debit, which is why anyone who is interested to learn more about this card will have to visit the respective website or contact a sales official.
Virtual MoneySend MC – Conclusion
On the whole, this virtual debit card looks like a good option because it does fulfill the needs of a specific market. There is a lot of potential with this innovative card that has completely changed the way transactions take place, both international and locally. There has never been any method of money transfer as easy and quick as the one that this virtual debit card provides. Given its excellent track record, there is also no doubt that this product will only get better and better.
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