How to transfer money from your prepaid card
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 want to transfer funds from your prepaid card to another card or bank account safely and securely, you are in good hands with Paysend.
Paysend allows you to send money quickly and affordably from your prepaid card to a bank or card account at the click of a button.
Follow these simple steps to transfer money from your prepaid card
- Download the Paysend app or go online
- When using the app, click send money
- Select the country your recipient is in
- Enter recipient details
- Enter prepaid card details
- Click Send
How much does it cost to send money from my prepaid card?
With Paysend, you can send money from a prepaid card to 170 countries globally.
If you want to send money to a bank account from your prepaid card, there are no transfer fees!
And if you want to send money directly to a card, it will only cost you a fixed fee of £1, €1.5 or $2.
When will your money arrive?
Most of the time, our transfers are almost instant! Your money should arrive with your recipient in less than a few minutes.
Do bear in mind your recipient bank’s processing time may vary.
Move money from prepaid cards with Paysend!
Paysend is a digital platform designed to help customers manage their finances and experience more freedom and flexibility than other alternatives. Our payments ecosystem allows users to transfer funds online from their electronic devices quickly and easily overseas and benefit from improved rates and a secure interface.
We have added 50 new countries to our payments network since the start of 2022, meaning that our 7.5 million customers can send money to up to 170 countries and benefit from lower fixed fees, upfront exchange rates, and faster transfer speeds.
If you’re searching for a fast and affordable way to transfer money directly from prepaid cards, look no further than Paysend.
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According to Merriam Webster, “remittance” is defined as a transmittal of money to a distant place like another country. This transmission of money may be done through traditional money management methods such as a bank or through modern solutions like a digital money transfer platform.
As we continue into the new year, the remittance market is expected to expand despite a slight decrease in the amount transferred due to the COVID-19 pandemic. In fact, in 2022, experts project remittances to grow at nearly 5%.