Ikobo Visa Card Review - Money Transfer using Credit Card

Conventional ways to send money abroad are either by check, bank wire transfer, cash transfer or some other online money transfer services which provide bank to bank remittance. However when you need to send money frequently there is an easier way and a more hassle free way provided by Ikobo Visa Card. Ikobo provides worldwide money transfer services from all major countries to any other major country.


Ikobo Visa Review
How does Ikobo Visa Card work?
The way Ikobo works is described in following steps.
  1. Ikobo Account : You open an online account with Ikobo.
  2. Ikobo Payment : You pay Ikobo the amount of Money you want to send overseas + Ikobo Fees. Currently you can pay by one of the following methods - Credit Card or Debit Card (Visa or Mastercard) or U.S. Bank Account.
  3. Ikobo Sends Visa Card to Beneficiary: Ikobo sends a reloadable visa card to the beneficiary. The beneficiary can withdraw cash from thousands of ATM's worldwide where Visa card works.
  4. Next time you want to send money, Ikobo simply re loads the same visa card. No different card is used.
Thus once the beneficiary receives an Ikobo Visa card, subsequent money transfers are easier and hassle free and quick !. Here is a short video (should be thought of as an advertisement since it is by Ikobo itself) about Ikobo.
However here are some things to keep in mind before you opt for Ikobo Visa Card Money Transfer service.
  1. Ikobo Visa Fees : Ikobo fees vary and can be found on this Ikobo Website. For example to send $1000 from United States to any other country, the charges are $35. Although their money transfer service is not free, they have great exchange rates.
  2. Additional Charges for Ikobo Visa : There may be additional charges incurred by the beneficiary while withdrawing money from an ATM using Ikobo Visa Card charged by the ATM. Also, if you pay Ikobo by your Credit Card, it is not clear whether that is considered as a cash equivalent and if your Credit Card company may apply cash withdrawal charges. The best way is to call your credit card company toll-free number and find out.
Below are some additional country specific pages on Ikobo.
  1. Ikobo Visa - Send Money to Philippines.
  2. Ikobo Visa - Send Money to Russia.
  3. Ikobo Visa - Send Money to Romania.
  4. Send Money to United States.
  5. Ikobo Visa - Send Money to Ukraine.
  6. Ikobo Visa - Send Money to Thailand.
  7. Ikobo Visa - Send Money to South Africa.
  8. Ikobo Visa - Send Money to Columbia.
  9. Ikobo Visa - Send Money to Venezuela.
  10. Ikobo Visa - Send Money to Brazil.

Articles on Money Transfer

  • Send Money Overseas or Abroad: The most popular and best ways to send money to your home country.
  • Xoom Money Transfer Review
  • Ikobo Visa - A new way to send money abroad where you send a re-loadable visa card to the beneficiary.
  • MoneyGram Money Transfer and Money Order service.

  • Online Remittance to India
  • SBI Remittance Review - My most preferred method of sending remitting money to India. Good exchange rates.
  • Send Money to India by Paypal
  • HDFC QuickRemit

  • External Links
    Western Union Money Transfer -
    A trusted way to send money where beneficiary collects cash from a Western Union location.
    MoneyGram - International Money Transfer and Money Order. You send money, beneficiary collects cash from a chosen MoneyGram agent or location.
    iKobo - Send Money Worldwide
    Money Transfer by ATM Card. Useful for those who have to send money frequently. Check foreign exchange rates on the homepage of iKobo.
    Xoom Money Transfer - Online Remittance from United States to various other countries. Xoom Fees are around $8 per transaction.

    Send Money to India
    ICICI Remit to India
    Online Money Transfer to India.
    ICICI Exchange rates.
    SBI Remittance
    Online Money Transfer to India.
    SBI exchange rates.
    Remit2India
    Online Money Transfer to India.
    Remit2India exchange rates.
    HDFC Quick Remit
    Remit Money to India online from U.S., U.K., Europe and Singapore.
    HDFC Quick Remit exchange rates.
    CitiBank Online Remit
    Remit Money to India from US.


    Disclaimer
    I have been sending money to India for quite a few years. I have been involved in at least 50 money transfers to India and used 4 to 5 different methods of online remittance. Although I do make efforts to provide accurate information about services related to online remittance, none of the opinion, experience or reviews in this post should be used for making any decisions to remit money to India or any other country. It is easily possible that my experience or opinion about a particular remitting service is different from yours. It is your money that you want to remit. So please verify the information from your own authentic sources before making a choice for remitting your money. I do not accept any liability for incorrect or inaccurate information. Some of the links in the posts may be affiliate links, however the opinions and reviews presented in the post remain honest and unbiased.

    May 14, 2009

    2 comments:

    QPT February 23, 2010 at 10:07 PM  

    Previously, Indian PayPal users were able to use Xoom for withdrawing money from their PayPal account to their Indian local bank account.
    But starting from yesterday, Xoom is also NOT working. All the recently started Xoom transactions are getting refunded to PayPal account.
    http://qualitypoint.blogspot.com/2010/02/xoom-withdrawal-is-also-not-working-for.html

    visasnap February 22, 2011 at 2:32 PM  

    iKobo can be used to send money safely, quickly and easily. In existence for nearly ten years, it has been used to send money anytime day or night. Additionally, the money can be picked up using the iKobo prepaid Visa card at over 1 million ATMs worldwide.

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