Money transfer app – Money Transfer Office http://moneytransferoffice.com/ Wed, 22 Jun 2022 16:42:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://moneytransferoffice.com/wp-content/uploads/2021/10/icon-120x120.jpg Money transfer app – Money Transfer Office http://moneytransferoffice.com/ 32 32 (OMHI) OM Holdings International Signs License Agreement to Offer Mobile Banking and Payment Transfers with DoPay in DoGetGo Super App https://moneytransferoffice.com/omhi-om-holdings-international-signs-license-agreement-to-offer-mobile-banking-and-payment-transfers-with-dopay-in-dogetgo-super-app/ Wed, 22 Jun 2022 13:00:00 +0000 https://moneytransferoffice.com/omhi-om-holdings-international-signs-license-agreement-to-offer-mobile-banking-and-payment-transfers-with-dopay-in-dogetgo-super-app/ dopay Great DoGetGo app Miami, Fla., June 22, 2022 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTCQX: OMHI) today announced a license agreement with IYAP, LLC the owner of the Liquid cash fintech platform. This license agreement will leverage LiquidCash’s existing FDIC banking partners to enable mobile banking API integration into the DoGetGo super app. […]]]>

dopay

Great DoGetGo app

Miami, Fla., June 22, 2022 (GLOBE NEWSWIRE) — OM Holdings International Inc. (OTCQX: OMHI) today announced a license agreement with IYAP, LLC the owner of the Liquid cash fintech platform. This license agreement will leverage LiquidCash’s existing FDIC banking partners to enable mobile banking API integration into the DoGetGo super app. This integration will allow OM Holdings International to offer banking, money transfer and cryptocurrency services through partnerships with approved service providers. OM Holdings International intends to use licensed service providers to launch DoPay in the DoGetGo super app in the coming months.

DoPay will use electronic next-generation Know Your Customer (eKYC) powered by facial verification and artificial intelligence (AI) for identity confirmation and fraud prevention to offer mobile banking services to customers in the Caribbean. Under eKYC, facial verification plays a vital role in detect facial features and match them with data records. Additionally, built-in AI-driven pattern analysis enables banks to detect fake images and provide in-depth insights to prevent fraud.

Mark Vanterpool, Chairman and President of OM Holdings International, Inc., said, “We are excited to provide this unique service to our customers, which makes buying in person or online a seamless and secure process. We believe that DoPay, combined with the awesome DoGetGo app, will be a leading financial processing platform that can be used for various products and services in the Caribbean. »

Highlights:

  • DoPay will operate on the Liquid Cash platform allowing users to access:

  • Suppliers that integrate the DoGetGo platform will now have access to US banking and merchant services to accept credit card payments

  • Users will be able to transfer money between other DoPay users in real time like Cash App® or Zelle®.

  • DoPay will enable OM Holdings International to benefit from the $2.9 billion remittance market in Jamaica. Remittances contribute over 15% of Jamaica’s GDP.

“Most residents still find it difficult to send and receive money due to archaic money transfer establishments. With our new license agreement, users will be able to send money easily. Currently, the Caribbean market does not have access to Cash App or Zelle due to banking and technology limitations. Using next-generation eKYC powered by facial verification and artificial intelligence, OM Holdings International aims to make DoPay the app Cash and Caribbean Zelle We plan to launch DoPay in Jamaica at the end of this year and other Caribbean islands within the next calendar year,” Mr. Vanterpool concluded.

About OM Holdings International, Inc.
OM Holdings International, Inc. operates delivery services and grocery stores in the Caribbean, with a mobile app delivery platform that provides a fast, contactless option for transporting people and essential goods. The company’s storefront, OneMart, is the second largest grocery store in BVI. OHIM’s delivery subsidiary, Rydeum, has partnered with Jamacia’s largest taxi syndicate, JUTA. The company also supplies lumber and other construction materials to contractors throughout the Caribbean.
For more information, please visit https://omholdingsinc.com/.

About LiquidCash
Liquid Cash, powered by iYap, is a fintech company that offers a variety of services such as digital payments, crypto, mobile banking, transaction promotion, and streaming entertainment within its super app. Liquid Cash offers its customers advanced features such as contactless payment, currency exchange, debit cards, virtual cards, integrated purchases, concert/sport/theater tickets, payment of invoices, the instant chat and more. iYap is the backend software provider and partners with financial institutions to provide digital payments and FDIC insured banking services.

Forward-looking statements
Except for historical information contained in this press release, matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act. of 1934. , as amended. Statements preceded, followed by or which otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans” and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “might”, and “might” are generally forward-looking in nature and not historical fact, although not all forward-looking statements include the foregoing These statements involve unknown risks and uncertainties that may, individually or materially, affect the matters discussed here for a variety of reasons beyond the company’s control, including, but not limited to, the ability of the company to raise sufficient funding to implement its business plan, the impact of the COVID-19 pandemic on the company’s business, operations and economy generally, and the company’s ability to successfully develop and market its products and exclusive technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the company’s filings with the SEC, which are available on the SEC’s website (www.sec.gov). The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations
Andrew Barwicki
516-662-9461
andrew@barwicki.com

Great DoGetGo app

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Splitwise app is great for splitting the bill, but it can’t fix human nature | Imogen West-Knights https://moneytransferoffice.com/splitwise-app-is-great-for-splitting-the-bill-but-it-cant-fix-human-nature-imogen-west-knights/ Sun, 19 Jun 2022 11:30:00 +0000 https://moneytransferoffice.com/splitwise-app-is-great-for-splitting-the-bill-but-it-cant-fix-human-nature-imogen-west-knights/ A A friend of mine was once invited to a potluck dinner where the theme was “pink food”. He fumbled the bag from the start, deciding two hours before the party to bring some jelly, which of course wasn’t taken by the time he was due to leave, and a tub of Neapolitan ice cream, […]]]>

A A friend of mine was once invited to a potluck dinner where the theme was “pink food”. He fumbled the bag from the start, deciding two hours before the party to bring some jelly, which of course wasn’t taken by the time he was due to leave, and a tub of Neapolitan ice cream, which is, it’s well known, only a third rose. But his real mistake, the reason I remember this incident 10 years later, was what happened the morning after the meal. The hosts answered the door to find my friend standing there asking if he could grab what was left of the Neapolitan ice cream.

Few would deny – and in fairness to my friend, he doesn’t deny either – that this was a huge misstep. If someone invites you over and asks you to bring a dish, you can’t grab that dish from their freezer the next day and haul it across town, quickly melting, to your own house. But in the years since the Neapolitan affair, social norms about cost-sharing among friends have both become increasingly complicated. This was before Monzo, before Revolut, and before the kingpin of shared spending administration: the Splitwise app. Now that summer has arrived and vacations with friends are finally back, Splitwise’s social policy is also back.

Splitwise is a simple concept. Let’s say six of you are going on vacation. Someone rents a car, someone else pays for gas, David and Louise share a group dinner with each other because someone forgot their card, you buy two bottles of tequila for margaritas at the Airbnb, and Zina buys six hoodies with Livin’ La Vida Mallorca 2022 on them. You plug all of those costs into the Splitwise app, and it determines exactly who owes what at the end of the trip. Without stress.

In theory. But the reality is always more complicated. David booked the restaurant and it turned out to be a tasting menu that he could happily afford, but Zina couldn’t. Louise doesn’t like margaritas and doesn’t want to pay for tequila, and you didn’t even wear those stupid hoodies because Zina didn’t ask anyone before ordering them and if she did, you you probably would have felt compelled to agree but then she messaged David behind her back and said Livin’ La Vida Majorca isn’t even a good pun and it’s 28 degrees so we don’t won’t be wearing a hoodie anyway.

It shouldn’t be like this. It would be wonderful if we lived in a world where people would just accept that sometimes they end up paying for things they don’t use and everything just falls apart and obsessing over the money goes to against the spirit of a good time with friends. We don’t live in this world, especially now when the cost of just being alive is so high. Putting €2 into Splitwise for a bottle of water you bought at the beach and other people drank sounds dirty – but where’s the limit? 5€? €10?

It would have been unthinkable before the advent of expense-sharing apps to ask each of your friends for 34p, and Splitwise-brain can turn people into those real enemies of all that’s fun and joyful in the world: accountants. But it could be that Splitwise’s cold calculation is the lesser of two evils, with the other evil being that everyone’s quietly seething because someone’s ex-boyfriend never paid them back for a flight to Napoli four years ago. Or the evils of vacation planning before the Internet. I asked a friend’s mother, Juliette, what organizing trips was like. “It was a nightmare: checks that you then lost,” she said.

The problem with Splitwise, however, is that while it may seem like a frictionless solution to splitting the expense, it ignores the inviolable truth that people are always finding new ways to be assholes. I’m two degrees apart from a woman who lost a whole group of friends because she clicked “settle” on Splitwise after a vacation but never did the wire transfer, and doubled down when she was discovered. A friend of mine who got his Neapolitan ice cream back admitted that he had simply refused to download Splitwise in cost-sharing scenarios in the past.

It works best for couples. I’ve used Splitwise with partners before, and it saves endless conversations about the latest antibacterial spray purchase and other romance-abrading trivialities. But if you’re one of the many rats in this world who feel the need to skimp on shared expenses, you always will. Does Splitwise make it easy? Undoubtedly. But that doesn’t solve a problem that has plagued humanity ever since we emerged from the primordial soup: people suck.

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Kenya is one of our top 3 markets in Africa, according to WorldRemit https://moneytransferoffice.com/kenya-is-one-of-our-top-3-markets-in-africa-according-to-worldremit/ Fri, 17 Jun 2022 12:17:16 +0000 https://moneytransferoffice.com/kenya-is-one-of-our-top-3-markets-in-africa-according-to-worldremit/ Kenya is among the top three countries in Africa where WorldRemit users send money globally. In data shared with newsrooms around the world to mark International Day of Family Remittances, the London-based global payments company said it had processed transactions to Kenya worth 170 million pounds sterling (24.47 billion Ksh) as of June 1, 2022. […]]]>

Kenya is among the top three countries in Africa where WorldRemit users send money globally.

In data shared with newsrooms around the world to mark International Day of Family Remittances, the London-based global payments company said it had processed transactions to Kenya worth 170 million pounds sterling (24.47 billion Ksh) as of June 1, 2022.

The figure puts Kenya on par with Zimbabwe and just behind Nigeria, where WorldRemit users sent £270 million (38.86 billion shillings) globally during the reporting period.

The full ranking, which looks at sending volumes on the WorldRemit app and website for the first six months of 2022, is as follows.

  1. Nigeria – £270 million (38.86 billion shillings).
  2. Kenya and Zimbabwe – £170 million (24.47 billion shillings)
  3. Ghana – 140 million GBP (20.87 billion Sh)
  4. Uganda – 100 million GBP (14.39 billion shillings)
  5. Cameroon – 75 million GBP (10.79 billion Sh)
  6. Tanzania – £60 million (8.63 billion shillings)
  7. South Africa and Somaliland – £55 million (7.91 billion shillings)
  8. Rwanda – 40 million GBP (5.85 billion Sh)

World Remit, which provides international money transfer services to 130 countries in more than 70 different currencies, also released data on inflows to countries in the Americas and Asia-Pacific that have large populations of migrants in the diaspora.

WorldRemit allows recipients in Kenya to receive their funds as a bank transfer, to M-PESA and other mobile wallets, as a cash pickup at select banks and financial institutions, and as an airtime top-up. antenna on their phone.

Remittances, or money sent home by migrants living abroad, have steadily increased in Kenya in recent years.

Data from the Central Bank of Kenya (CBK) shows that remittances reached $3.71 billion (Ksh 421.98 billion) in 2021, up 20.2% from 3.09 billion (351.46 billion Ksh) a year earlier. They have reached an all-time high every year since 2016 and continue to gain momentum in 2022.

WorldRemit customer surveys show that the main uses of remittances are for education, medical expenses and household needs.

More and more customers are also turning to digital channels which have proven to be more affordable, secure and faster.

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Personal loan ranking sees new leader climb to the top https://moneytransferoffice.com/personal-loan-ranking-sees-new-leader-climb-to-the-top/ Mon, 13 Jun 2022 22:02:05 +0000 https://moneytransferoffice.com/personal-loan-ranking-sees-new-leader-climb-to-the-top/ There is only one change of position in the last PYMNTS Ranking of personal loan providers apps, but it’s a big one – there’s a new chef. The leader and last month’s runner-up this time swapped positions. Other than that, the other five contenders hold the same positions they held last time out. However, some […]]]>

There is only one change of position in the last PYMNTS Ranking of personal loan providers apps, but it’s a big one – there’s a new chef.

The leader and last month’s runner-up this time swapped positions. Other than that, the other five contenders hold the same positions they held last time out.

However, some of the gaps between the contenders have narrowed and there are three contenders within three points of each other.

Like every month, the rating factors used in the rankings include channel coverage, up-to-date downloads, average monthly users, sessions per user, and average session duration.

Now, let’s take a closer look and see what kinds of scores candidates qualify for.

The first five

The new chef this month is SilverLionwho reaches the top with a score of 98 after being placed second last time.

Swapping places with this competitor is SoFi. With a score of 92, this application drops one position and is the second of the month.

After a 12 point gap in the peloton, here is the next competitor. Before retains third place with a score of 80.

Moreover, keeping the position it occupied the last time is Upgrade. This app is ranked fourth with a score of 75.

Just one point behind with a score of 74 is PaySense. This app is fifth like last time, but has closed the gap.

Top 10

Also running in this sparsely spaced part of the field is loan club. This application is only two points behind the competitor ahead of it and, with a score of 72, maintains its hold on the No. 6 position.

Further down the field is LendingTree. This application has obtained a score of 41 and closes this month’s edition of the ranking of personal loan application providers.

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How Zelle scams work and how to protect your money https://moneytransferoffice.com/how-zelle-scams-work-and-how-to-protect-your-money/ Sat, 11 Jun 2022 12:00:16 +0000 https://moneytransferoffice.com/how-zelle-scams-work-and-how-to-protect-your-money/ Burdun Iliya/Shutterstock.com Zelle is one of the most popular financial platforms of its kind, so it’s no surprise that the platform has become a target for scammers. Here’s what to watch out for and how to avoid a nasty surprise. What is Zelle? Zelle is a peer-to-peer (P2P) payment service which makes it easy to […]]]>
Burdun Iliya/Shutterstock.com

Zelle is one of the most popular financial platforms of its kind, so it’s no surprise that the platform has become a target for scammers. Here’s what to watch out for and how to avoid a nasty surprise.

What is Zelle?

Zelle is a peer-to-peer (P2P) payment service which makes it easy to send money from one bank account to another. The service is (at the time of writing) only available in the US, having been set up by some of the largest financial institutions in the country.

The fact that Zelle charges users no fees for sending money has seen the service gain huge popularity over the past few years. All you need to use it is a bank account with a participating financial institution and the Zelle app for iPhone Where android. Some banking apps already integrate Zelle, making it especially easy to send or receive money online.

Zelle’s accessibility and growth as a service means it’s easy to set up and use, but it’s also attracted scammers. Fortunately, most scams that target Zelle users aren’t new and should be easy to spot.

Zelle scammers use fake text messages and calls

Zelle scams rely primarily on social engineering, where a scammer builds trust so that the target sends money willingly. Similar scams have plagued banks and legacy payment services like PayPal for years.

One of the most common scams starts with a fake text message asking for approval of a pending transaction or issuing a warning about fraudulent activity on an account. When users interact with the message (usually returning “no” as instructed), they receive a phone call from what appears to be a legitimate financial organization. Scammers can spoof phone numbers so that the number calling appears to be a bank or credit union.

From there, the scam takes a turn. The targets are informed that a thief is trying to empty their bank account and that they must transfer money to their account to be safe. Ideal targets aren’t already using Zelle, which offers potential scammers the ability to link their bank accounts to a target’s phone number. To do this, the scammer will guide the target through the two-factor authentication process and ask them to read the verification code sent to the victim’s phone.

With the victim’s phone number attached to the fraudster’s account, the scammer will then initiate the final stage of the scam: getting the victim to send money to their own phone number. Since the phone number is now associated with the scammer, the money finally leaves the target’s account. Scammers will often try the same trick multiple times, requesting repeat transactions to “recover” lost funds.

The scam mainly affects those who are not yet using Zelle, who are inexperienced with technology and who think there is no way to send money to their personal phone number could play into the hands of a crook.

Online sellers can also be victims

In another example of a scam using Zelle, TikTok user Tarek Ali (@itstarekali) was also scammed using a fake email. The social media user explained how he had listed photo material on Facebook Marketplace after which someone started inquiring about the article. The supposed buyer demanded that the videos look legit and requested that an additional lens be included for a total of $770.

The scammer sent a fake confirmation email to Zelle, stating that Tarik had received the money. Instead of checking to see if the money was credited to their account, Tarik unsuspectingly sent the camera to the buyer. They then asked for additional payment for shipping costs. The scammer sent another follow-up email claiming that Tarik was unable to receive money due to his “personal” account.

@itstarekali

#green screen I deserve it 😂😂😂 because why didn’t I check my Zelle

♬ original sound – Tarek Ali

The scammer claimed he should send an additional $400 to Tarik, which then needs to be sent back to “upgrade” the account. Looking up the contact in their Zelle account, Tarik noticed that the supposed buyer was not listed. Tarik then carefully checked their “confirmation email” payment summary and noticed that it was from a webmail provider posing as Zelle, rather than Zelle itself.

The scam is older than time, but with more users participating in the peer-to-peer payment economy than ever before, there are more potential victims than ever before. It’s a scam that happens daily on Facebook Marketplace, and it’s one of the reasons why you should ideally only sell items to local, in-person buyers on Facebook.

RELATED: 10 Facebook Marketplace Scams to Watch Out For

Never pay an “overdue bill” using Zelle

Zelle is an online payment system, so it’s open to most other forms of scams that plague these services. One of the most popular schemes among fraudsters is to demand payment of utility bills and other unpaid charges. Zelle was used for this purpose, as were iTunes gift cards.

There’s a simple rule you can follow to avoid disappointment: if a company tracks down an unpaid payment using a peer-to-peer payment service like Zelle or Venmo, you’re being targeted by a scammer.

A scam text message to Netflix

Some companies let you pay bills using a service like PayPal, but most offer multiple payment methods. If you ever suspect foul play when a business is looking for an invoice, you can always report it over the phone. Call the company directly using a number listed on its website, rather than complying with requests from cold callers.

This is true even if you recognize the number. Phone numbers can be spoofed, so even if the number looks legit, it could still be a scam.

RELATED: PSA: Don’t trust caller ID, it can be faked

Banks might not help victims of such scams

If you get caught up in a scam that has you “voluntarily” wire money to another account, chances are your bank won’t help you. You will not be covered by the usual protections that apply to credit card fraud and online payments, where cards are cloned or details taken from a website. Many banks claim that because you authorized the payment, it is technically not fraud.

Despite this, social engineering is one of the leading causes of money and data loss in the world today. Building a rapport with their victims allows scammers to prey on an individual’s trusting nature, which impacts everything from trade secrets to personal bank accounts.

Even if you think your bank won’t help you, you should still contact them to let them know you think you’ve been scammed. In the event of a Zelle scam that ties your number to an account that is not yours, they will help you recover your number for future use. They may be able to reverse transactions, refund you, or conduct anti-fraud investigations.

You should also contact local law enforcement using non-emergency numbers or online forms to report the scam. It may help bring the perpetrators to justice, but you shouldn’t have too much hope of getting your money back this way.

Avoid online scams

If you use the internet or have a phone number, you’ve almost certainly encountered a scam of some kind. While most are easy to spot, the scammers cast a wide net so they only need a few bites for their schemes to bear fruit. Familiarize yourself with the most common online scams, including SMS smishing attacks, calls from phone numbers that look suspiciously like yours, fake recruiters or classic phishing scams that exploit product scarcity and impulse purchases.

RELATED: Scam Alert: Fake Recruiters Tried To Trick Us, Here’s What Happened

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M’sian Store Owner Warns How Customer Tried To Scam Him With Fake QR Pay Image https://moneytransferoffice.com/msian-store-owner-warns-how-customer-tried-to-scam-him-with-fake-qr-pay-image/ Fri, 10 Jun 2022 10:05:40 +0000 https://moneytransferoffice.com/msian-store-owner-warns-how-customer-tried-to-scam-him-with-fake-qr-pay-image/ The rise of technology has allowed us to do things that were unthinkable in the past like paying for goods and services as well as making quick bank transfers with the QR payment option on our phones. However, for store owners there is now a higher risk of being scammed by customers who may simply […]]]>

The rise of technology has allowed us to do things that were unthinkable in the past like paying for goods and services as well as making quick bank transfers with the QR payment option on our phones.

However, for store owners there is now a higher risk of being scammed by customers who may simply be “pretending” to make a payment.

Recently, Faez, owner of a pet store and a hotel named perfect animalstook to Twitter to share his experience of how he almost got scammed by a “customer”.

In his position, he urged business owners who use QR payment methods to always verify the account linked to the QR code for confirmation that you have received the money transfer.

“This lady almost got away with it in our store earlier. Seriously, she had such a poker face.

How did that happen

In the Twitter post, Faez explained how the incident happened. “She came in with 2 little boys and got a few things and wanted to pay. I was in the back listening and our cashier asked how she would pay.

She asked if she could pay with DuitNow and continued to do so.

“Then I checked the QRPayBiz app. No operation. It’s not gone. It has MORE stuff.

“I then walked past the checkout. She was striking up a conversation with my cashier while we were scanning her items, then she showed me her phone screen to confirm,” he wrote.

Scam

Faez said it was the second “purchase”, with the first costing around RM40. “Do you see that he said the name of the shop instead of succeeding? Please be aware,” he said.

He then noted that she had in fact screenshot and crop of pay now button. “She then showed it as her receipt. She really seemed to be did nothing wrong and spoke to us normally.”

In CCTV footage, Faez said you can see how she entered the amount, captured the payment page, then closed the Maybank app.

“She then took all their things and got into their car. I rechecked again and again but no transaction. I went to her and asked him to come back and return the items as no money was receivedFaez said.

“Then she said her money had already been deducted. But I told her to talk to Maybank about it. So she left empty-handed.

It doesn’t stop there

Although she had not paid for the items, the woman contacted the store and asked when they were going to return his money.

“I called Maybank’s fraud department and they told me not to entertain her and asked her to call them instead.”

Bank1

Faez said that after his failed attempt, she then tried to go to another branch of the pet store. “It’s crazy, she tried the same tactic, but the staff there kept it waiting until his “payment” is made. In the end, she paid him in cash.

Scam2

In conclusion, Faez urged business owners to always be vigilant and aware of these things.

“Make sure the payment receipt indicates success and check the transaction to confirm. I pity all small businesses and stalls, especially uncles and aunts who sell kuih. How could they even know that.

Have you ever experienced something similar? Let us know in the comments.

Also Read: M’sian Patisserie Owner Scammed Over RM15,000 by Customer Who Falsified Payment Receipts

Cake 1

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Nearly Two-Thirds of Americans Pay for Their Vacations With Savings – How to Build Your Fund https://moneytransferoffice.com/nearly-two-thirds-of-americans-pay-for-their-vacations-with-savings-how-to-build-your-fund/ Wed, 08 Jun 2022 12:00:17 +0000 https://moneytransferoffice.com/nearly-two-thirds-of-americans-pay-for-their-vacations-with-savings-how-to-build-your-fund/ Miss Tunisia / Getty Images / iStockphoto Despite the constant news about Americans overspending on their credit cards, when it comes to travel, they seem to prefer using their savings. That’s according to an April 2022 survey from GOBankingRates, in which 62% of respondents indicated that they used savings instead of a credit card or […]]]>

Miss Tunisia / Getty Images / iStockphoto

Despite the constant news about Americans overspending on their credit cards, when it comes to travel, they seem to prefer using their savings. That’s according to an April 2022 survey from GOBankingRates, in which 62% of respondents indicated that they used savings instead of a credit card or other source of funding for their travel expenses. It’s a smart decision, because going into debt just to go on vacation can have long-term financial consequences. If you’re looking for help building your own travel fund, Check out these tips that can help you save for a great vacation while avoiding debt.

To find: 10 things you should always buy at Walmart
Important: 9 bills you should never put on automatic payment

Set up a dedicated travel fund

Saving for travel is a good strategy, but the best way to ensure you’re saving is to create a separate account dedicated exclusively to your travel fund. Most Americans have multiple savings goals, from retirement to funding education to emergencies and more. If you keep all that money in one account, you risk using it for other purposes. You don’t want to be forced to “borrow” from your retirement savings to fund a vacation, just as you don’t want to draw emergency funds from your travel savings. Keeping your accounts separate is also a good way to know how close you are to reaching each of your individual savings goals.

SURVEY: How much do you plan to spend on travel this summer?

Configure automatic transfers

Saving is inherently difficult for most Americans. While most people want to save as much as possible, the reality of everyday life often provides inconvenient excuses. If you intend to build as large a travel fund as possible, you should seriously consider setting up automatic transfers. With an automatic transfer, you don’t have to worry about missing a deposit in any given week or month. Perhaps most importantly, you’ll protect your travel savings from impulsive spending or the money being used for other purposes since it will automatically be deducted from your checking account without you even thinking about it.

Deposit all deals

An exceptional payment is any type of money you receive that you did not expect or is out of the ordinary. A year-end bonus, for example, is considered a windfall, as is an inheritance or a large tax refund. Whenever you receive an exceptional payment, immediately transfer it to your travel fund before you feel the temptation to spend it. Windfall gains can be a great way to quickly boost your vacation savings fund.

Use rounding counts

Another great way to funnel more money into your travel fund is to use an app that rounds up your purchases and deposits the extra amount into savings. Let’s say you buy a cup of coffee for $3.69, for example. A roundup app will charge your card $4, with the additional 31 cents going to your travel fund. Although it may not seem like much, these small amounts can add up quickly. Add to your other daily purchases and you could end up saving a few dollars every day. At the end of a year, you might be able to save $1,000 or more in your travel fund without even realizing it.

Make your travel fund bigger than expected

One of the best ways to make sure you don’t blow your travel budget is to make sure your savings goal exceeds what you think you need. Most travelers tend to overspend while on vacation, so to avoid going into debt, add at least 10% or 20% to what you think you need. You can achieve this in a number of ways, from saving extra each pay period to postponing your trip for a few months to accumulate more of your savings.

The essential

While there are many ways to fund a vacation, saving enough money before you travel can prevent stress and allow you to have a guilt-free vacation. Nobody wants to go home from vacation with a huge pile of debt, so put these specific processes in place ahead of time so you’re constantly replenishing your travel fund.

More from GOBankingRates

This article originally appeared on GOBankingRates.com: Summer travel 2022: Nearly two-thirds of Americans pay for their vacations with savings – How to build your fund

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A PayPal guide to managing your money https://moneytransferoffice.com/a-paypal-guide-to-managing-your-money/ Mon, 06 Jun 2022 19:30:48 +0000 https://moneytransferoffice.com/a-paypal-guide-to-managing-your-money/ Sebastian Kahnert/photo alliance via Getty Images PayPal, which also owns the popular payment app Venmo, is one of the oldest and most widely used. digital money transfer services. It acts as an intermediary between your source of funds and that of the recipient, such as a friend or a merchant. Last year, consumers in over […]]]>
Paypal payment service

Sebastian Kahnert/photo alliance via Getty Images


PayPal, which also owns the popular payment app Venmo, is one of the oldest and most widely used. digital money transfer services. It acts as an intermediary between your source of funds and that of the recipient, such as a friend or a merchant. Last year, consumers in over 200 markets used 392 million PayPal accounts to buy goods and services or send money to friends and family around the world. About 34 million merchants have accepted payment through PayPal.

With PayPal, you can transfer money online without sharing bank or credit card information with the recipient. Basic personal service is free for most transactions. Founded in 1998, PayPal is not a bank. But it now provides many banking type services through partnerships with banks, such as credit and debit cards, bill payment and direct deposit. Other features include QR codes.

PayPal offers different types of credit, including a Buy Now, Pay Later service. PayPal also offers a cash-back credit card as well as a prepaid Mastercard and a debit card.

How does PayPal work?

PayPal acts as an intermediary between your money and a merchant. It securely connects to a bank account or credit card. You then use your PayPal account to make your purchases.

You don’t need a bank account or credit card to receive money in your PayPal account. But to send money to family and friends or withdraw funds, PayPal will require you to link a bank account.

What fees does PayPal charge for transactions?

Using a personal PayPal account is free in most cases if you want to send or receive money, donate, or pay for things through a PayPal account in the United States.

PayPal does charge exchange fees when you send money to friends and family outside the United States. There are also fees for other convenient personal transactions.

For example, PayPal charges 2.9% per transaction if you use funds from a credit card instead of a bank account. And there is 1.5% fee to transfer money into your account instantly instead of waiting a few days when PayPal sends it for free.

PayPal also charges fees for a variety of services beyond the basic free PayPal personal account. For example, there are fees for different types of credit. Be sure to check the terms and annual percentage rate, or interest charges for each credit service, which are handled by PayPal’s banking partners.

What is a PayPal Balance account?

A The account balance (previously called PayPal Cash or Cash Plus) allows you to store funds in your PayPal account that you can spend, send or save for future purchases. You can also access PayPal’s other offers, including credit cards, a debit card, and a prepaid card through the Balance account.

With the Libra account, you can use direct deposit, scan a check with the PayPal app, and use the PayPal Cash card to spend or withdraw from your PayPal balance.

Libra personal account does not pay interest and is not directly insured by the Federal Deposit Insurance Corporation (FDIC), although funds are indirectly covered if you have a PayPal payment card, enroll in direct deposit, or purchase cryptocurrency.

Who can I use PayPal with?

Several people and places accept PayPal as a method of payment, including:

  • Merchants: If a merchant accepts PayPal payment, you can use it to pay for goods and services.
  • Friends and family: You can send money to most friends and family who also have PayPal accounts with no transaction fees, unless you need to translate
  • Employees or subcontractors: You can pay contractors or employees with a PayPal business account, which is different from a personal account. PayPal considers this to be a “commercial transaction” and comes with its own fees.

Can I be paid via PayPal?

Yes. You can set up direct deposit via PayPal The account balance. PayPal also offers a check cashing service through First Century Bank and Indigo money, subject to those banks’ terms and conditions.

Can I sell goods through PayPal?

If you are a business owner and want to accept PayPal, you need to create a PayPal account. business account.

While you can sell things through a personal account, a business account offers a wide variety of protections and services. This year, the Internal Revenue Service changed the reporting requirements for the sale of goods and services to $600 from $20,000 in 2021. This only applies to sales of goods and services. So check theirs or PayPal website with care.

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Tips for resuming international travel https://moneytransferoffice.com/tips-for-resuming-international-travel/ Sat, 04 Jun 2022 16:22:34 +0000 https://moneytransferoffice.com/tips-for-resuming-international-travel/ JThere’s no doubt that the lack of international travel during the pandemic has been a cause of frustration for many of us, and while it has been necessary, many of us have missed vacations around the world. Now that the world is open for business again, many of you will be planning big trips this […]]]>

JThere’s no doubt that the lack of international travel during the pandemic has been a cause of frustration for many of us, and while it has been necessary, many of us have missed vacations around the world. Now that the world is open for business again, many of you will be planning big trips this summer, and we have a few tips to keep in mind that will help you get back on track.

Before you fly, here are a few things to remember.

Send money abroad

Obtaining foreign currency is risky considering the amount you will have on you, and there is no doubt that avoiding the use of an ATM is a positive decision – withdrawal fees are exorbitant. To avoid these two situations, use the Ria money transfer app and send money from your bank to a local collection point in your destination country. Ria operates in 165 countries and has over 500,000 partner sites where you can withdraw your money. It’s the cheapest, fastest, safest and most convenient way to get your foreign currencies.

Covid rules check

Every country apparently has different requirements when it comes to Covid protocols, so make sure you’ve checked them all before you leave home. In some cases you need to be vaccinated and have proof, in others you may need to self-isolate for a few days upon arrival and even the mask wearing policy will be important to understand. Make sure you go there with your eyes open so you can meet all the stated requirements.

Investigate experiences

Another important factor to keep in mind here is that a large number of businesses around the world have been forced to close permanently during the pandemic, especially those that depended on tourism. If you’ve found an activity or experience you’d like to do at your destination, be sure to investigate online to make sure it’s still in operation. Travel brochures and tourist guides designed before the pandemic may still feature these businesses, which is why you need to go the extra mile and check that they are still working.

Budgeting

We can’t ignore the fact that the pandemic has made a lot of people worse off and that the inflation we are seeing right now – most likely due to the pandemic – has led to huge price increases. It’s important that you keep this in mind when setting a budget because your money isn’t going to stretch as far as it used to. You can find a number of resources online that will give you an indication of local prices, use these when calculating how much money to take home.

Considering what we’ve all been through, being able to travel again is wonderful, be sure to follow these tips before you go, so the trip goes smoothly.

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Out-of-State VyStar Customer Experiencing Account Access Issues https://moneytransferoffice.com/out-of-state-vystar-customer-experiencing-account-access-issues/ Fri, 03 Jun 2022 03:08:00 +0000 https://moneytransferoffice.com/out-of-state-vystar-customer-experiencing-account-access-issues/ Benivia Sapp and her family moved from Jacksonville to Knoxville and reported problems connecting to the VyStar website. JACKSONVILLE, Fla. — Benivia Sapp has had a turbulent few weeks. Around the same time VyStar first reported issues with its online and mobile banking, it planned to move from Jacksonville to Knoxville. “We think our money […]]]>

Benivia Sapp and her family moved from Jacksonville to Knoxville and reported problems connecting to the VyStar website.

JACKSONVILLE, Fla. — Benivia Sapp has had a turbulent few weeks.

Around the same time VyStar first reported issues with its online and mobile banking, it planned to move from Jacksonville to Knoxville.

“We think our money is just being held hostage by VyStar. We would really like to be able to complete all business transactions and close all of our accounts,” she explained to First Coast News.

If the move wasn’t stressful enough, she says in the middle, she received a fraud alert on her VyStar credit card.

“I am unable to determine what portion of the card balance was fraudulent and what portion was not because the rep on the phone, she did not have access to help me with this,” he said. she declared.

Sapp is a disabled veteran and her VyStar accounts are linked to her VA benefits. His mother also receives benefits from her late husband and cannot make internal transfers between online accounts.

She’s waited hours to talk to someone on the phone to no avail, and her bills are due.

“We can’t pay them because we can’t transfer money or talk to anyone on the phone to get those VyStar bills paid. So the money is there but we can’t access it,” said Sapp.

VyStar sent an email to customers on Tuesday explaining viewing account balances, scheduling and paying bills, and making external transfers are available, but internal transfers, viewing full transaction history and the use of the mobile application is still not available.

Sapp’s frustrations have reached the point where she is considering returning to Jacksonville to close her accounts.

“I don’t know what other options VyStar leaves us right now,” she said.

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