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Money Transfer by Prepaid Card TRANSFER MONEY ABROAD CHEAPLY Prepaid cards also provide a cheap alternative to traditional forms of Money Transfer abroad. This usually involves having a second card which you give to your relative and then transfer funds onto their card from your primary card either online or by mobile phone. The way the transfer normally works is that the earner keeps the primary card and send or gives the secondary card to a relative. The primary cardholder is essentially in charge of the account, but once funds are loaded onto the second card; the relative abroad can use it in the same way as any pre-paid card. The secondary user can use an ATM abroad to withdraw cash (there will be an International ATM fee attached, but this is invariably cheaper than traditional money transfer methods.) Alternatively the user can just use the card in a retailer, on the internet or anywhere where it is accepted.

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Money Transfer by prepaid card

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Contributed by whichwaytopay on May 2, 2008, at 11:26 AM UTC.

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