With today’s modernised banking system, online transactions have become an essential part of people’s lives. Most people prefer making online payments and online money transfer from their debit card because it’s easy and hassle-free while the others do not want to go to ATM and withdraw cash for every small thing. You can now keep only necessary amount of money in your wallet as you can cover a large part of your expenses through your debit card. Online money transfer through debit cards has everything sorted for you.
Online Money Transfer from Debit Card:
Online money transfer from debit card is a type of wire transfer performed through debit cards. These types of wire transfers do not require the account details of the sender. It only requires the details of your debit card such as debit card number, name on the card, card expiry date, and CVV number. Online money transfer from debit card is an easy and safe way of making payments and sending money.
Online Money Transfer from Debit Card Process:
Your debit card can be used for making payments and sending money across various channels. It can be used for sending money to e-wallets and mobile wallets such as Paytm, Amazon Pay, Mobikwik, etc. Sending money to these e-wallets or mobile wallets can be in form of shopping, paying utility bills and for depositing money into someone’s personal wallet account.
You can also use your debit card for direct online money transfers. This includes merchant payments, utility bill payments, credit card bill, mobile recharge, etc. All these operations are a part of online money transfer.