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Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Instant Account Payments, that give consumers and businesses the ability to send instant cross-border payments of up to $100,000 to accounts for just $1 per payment. Users can quickly connect to Paysend’s global payments network and instantly and cost-effectively send funds to 25 countries and currencies seven days per week, 365 days per year.
Completing purchases with credit and debit cards these days is a far more efficient and popular payment method than spending cash upfront. Electronic payment methods now make in-store and online purchases hassle-free.
Transferring funds to another bank account using your credit card can often help support friends and family, allowing them to get access to the money they need quickly and easily. Better money management gives us more freedom and flexibility when handling our finances.
At a base level, debit cards allow you to spend the money that's available in your account whilst staying in control of your spending because the balance on your debit card is updated instantly.
Today, offline methods of transferring money to someone with a debit card include visiting a bank, post office or remittance store and providing bank details to complete payments. Be aware that these options may charge high fees, with the money arriving within a few days.
Prepaid cards are a great way to control your spending.
Setting daily, weekly or monthly spending allowances or prepaying cards with a certain amount of money and being strict with your outgoings can allow us to manage our finances better and to keep track of overspending on certain costs that we can look to reduce.
It is a helpful tool which can come in handy when travelling abroad and dealing with increased international charges.
