India Money Transfer - iKobo Review
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Introduction:
iKobo provides a way to send money person-to-person using a prepaid credit card mailed to the recipient who can withdraw the money from over 1,000,000 VISA ATMs worldwide.
The Positive:
- Easy & secure 24/7 online transfer.
- Recipients can get cash from over 1,000,000 VISA ATMs worldwide and use their card wherever Visa debit cards are accepted.
- Once the reciever got the reusable prepaid iKard - He can get recurring transfers from any iKobo account instantly.
The Negative:
- The iKard (prepaid visa) needs to be shipped to the recipient before the first money transfer (few days).
- ATM usage fee for the recipient on every money withdraw.
Payment methods (for sending money online):
- Visa or MasterCard Debit /Credit card
- U.S. bank account
Fees:
Money transfer fees:
Using bank account - 5$
Using credit cards - 5$ + 3%
iKard fees:
ATM Withdrawal Fee - $1.99 USD
Monthly Maintenance Fee - $0.99 USD
One time iKard shipment - depends on location and shipping time.
Summary:
Great money transfer service for online, instant payments. easy, secure and very convenient.
Overall IndiaMoneyTransfer.info rating: [4.5] out of 5
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