“Fintech” has been very useful for these years, and that part of industry is growing rapidly and changing every day.
By using the services of “Fintech”, you may no need to have a bank account anymore, because you can have your funds online with low fees and you can reach out to it from anywhere in the world.
Such “Fintech” services are provided by Online Payment Providers, such as Paypal and WebMoney, if we pick up the classic ones.
But there are many Online Payment Providers with even better conditions in the world.
Why use “Online Payment Providers”?
If you have a bank account and using it for a while, you may have faced some inconvenient situations such as:
- High commissions of international transfers
- No being able to withdraw money
- Being charged every month in the name of management fees
The above examples are very classic and normal situations when you are using banks of your local area. Online Payment Providers actually saves you from all of the above troubles.
Through them, you do not need a bank account, but all your money can be managed online from anywhere in the world.
Here are the things that you can do with online payment solution providers.
- Transfer to anywhere in the world instantly for Free
- Withdraw cash money from any ATM in the world
- Use the co-branded card for shopping
- Make payments to shops/companies instantly for Free
No hidden extra conditions, but the above activities are all possible with majority of online payment providers.
We understand that managing your money online through the system of foreign companies is something everyone wants to stay away from though, you will fall in love with them once you use their services.
“Forex Trading” with “Online Payment Providers”
Many online Forex & CFD brokers offer deposit/withdrawal options through online payment solution providers.
If you have been still using Bank accounts or credit/card to fund your trading, making transfers through these online payment providers, might actually save a lot of time and fees for you.
In 2016, you do not need to pay over $30 to transfer money to foreign countries, nor wait for a few months just for a refund of your money through your card companies.
Because through Online Payment Solution Providers, you can transfer money to all over the world instantly and for Free.(each company’s terms and conditions apply)
In case of sudden margin call in your trading account, you can avoid the worst case scenario by just one-clicking through internet.
Are you now interested in finding out more of their service?
Here are the list of popular Online Payment Solution Providers.
You can find the list of the Online Payment Providers below.