A Money Transfer Comparison of Xoom, Moneybookers, Western Union and Ikobo

Here is a comparison of four of the main companies providing money transfer services around the globe: Ikobo cards: This is a re-loadable prepaid visa debit card. It is in no way linked to your bank account meaning there is no need for any credit checks; very useful for those people with a bad credit rating. You can transfer money on to the card and then this can be withdrawn from any ATM anywhere in the world which has the Visa sign. To gain an Ikobo card you simply order one directly from them and have it sent to whom ever you want. The Ikobo card works as follows: the card is sent via FEDEX to any individual in the world and can only be utilized by using the four digit pin code which only the recipient will be aware of. There is virtually no risk of more than the available amount of money being used as it is not linked directly to a bank account. ppi judicial review outcome The card can simply be reloaded using a secure online service where you can transfer funds instantaneously from any of the many supported currencies. Main Advantages: cash withdrawals from visa atms worldwide, minimal reload costs, assignable to anyone worldwide, minimal credit checks required, avoids the need to carry large amounts of travelers cheques. Main Disadvantages: these cards can only be used with Visa atms (occasionally limited and there is no credit limit available). Western Union: Fund transfers with western union can be done either online or physically at a money transfer agent. Usually the funds will be available within minutes however to comply with anti money-laundering laws sometimes you are required to making a confirmation phone call before the money is released. A confirmation of money collection is also sent to the sender.

Comments (0)

› No comments yet.

Pingbacks (0)

› No pingbacks yet.