Visa has just announced that is is creating a service to compete directly with Pay Pal. A lot of people don’t realize that Paypal is not a bank, and it is not subject to Banking regulations. They can seize and hold funds without justification for any reason they deem fit, and you can do nothing about it. Now, if you need to pay your babysitter or send money to momma, but have no cash on hand, you will soon be able to send payments directly to their Visa Card! The service will allow people to use their own Visa or a bank account to send money to a personal Visa debit, credit or prepaid card. Users also may bring cash to a participating bank to make a transfer.
You will be able to send money using a recipient's mobile phone number or e-mail address. In those cases, recipients will receive a message that someone is sending them money and then enter their own Visa account number to receive it. Money transferred to debit and prepaid cards will be treated as deposits. Money sent to Visa credit cards will be treated as a payment.
The increasingly competitive field of person-to-person payments includes eBay's PayPal and a handful of other companies. One advantage Visa will have in the market is that there are about 1.85 billion Visa cards in circulation worldwide. Visa has a huge international money transfer business, and this product will be a great fit for its existing model. Kudos to Visa!
For a free Visa debit card, assess to Discount Health and Wellness benefits including Doctors on Call and Aetna Dental discount programs, and a free LiveSpot web address for life visit http://tonyfontana.com today!
You will be able to send money using a recipient's mobile phone number or e-mail address. In those cases, recipients will receive a message that someone is sending them money and then enter their own Visa account number to receive it. Money transferred to debit and prepaid cards will be treated as deposits. Money sent to Visa credit cards will be treated as a payment.
The increasingly competitive field of person-to-person payments includes eBay's PayPal and a handful of other companies. One advantage Visa will have in the market is that there are about 1.85 billion Visa cards in circulation worldwide. Visa has a huge international money transfer business, and this product will be a great fit for its existing model. Kudos to Visa!
For a free Visa debit card, assess to Discount Health and Wellness benefits including Doctors on Call and Aetna Dental discount programs, and a free LiveSpot web address for life visit http://tonyfontana.com today!
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