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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.
If you’re looking for a fast and cost-effective way to transfer money from your bank account to another, then you are in luck!
Whether you’re sending money as a gift, moving funds to support family overseas, paying bills or making scheduled payments, Paysend has you covered.
Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Paysend Store for UK merchants. The free, no-code solution enables entrepreneurs in the UK to set up an online store and immediately start selling their products with no technology development or third-party IT integration required.
