The business world today has a new card, the borderless prepaid credit card. It is a worldwide phenomenon and has revolutionized the way businesses conduct their business. The banks are issuing this kind of card for their customers. The main function of the card is to facilitate safe transactions. This allows the users to pay for goods or services wherever they may be located in the world.
The main advantage of the new card is that you can transact for goods and services wherever you are in the world and enjoy complete flexibility. The business is enabled with the facility of loading as many virtual currencies as you wish on the card's US dollars, British Pounds, Euro, Australian Dollars, Canadian dollars and Singapore dollars. This enables you to make payments for any of your transactions with ease and simplicity.
In the case of an emergency cash advance the customer can transfer funds to his ATM for instant withdrawal. With the help of ATM the user can withdraw money from any ATM and withdraw cash value as per requirement within seconds. There is no need to deal with the hassle of conversion of Indian Rupees to other currency. In case of any emergency the customer need not worry about low liquidity or insufficient balance as the charges for the transaction are low and hence there is no threat of overpayment.
In the case of global emergency assistance the customer can use the card to withdraw local currency as per requirement. With the help of atms of borderless prepaid card the user can withdraw the required amount at any ATM and withdrawal the same value at any ATM around the globe. The ATM card is issued by banks of India, United Kingdom, Japan and Netherlands Antilles. The customer need not give any PIN for these ATMs as in case of regular ATM the user needs to give a pin protected security code and for international ATM the customer needs to give a visa approved security pin.
There is no problem of non-availability of foreign currency at any ATM as in case of fema regulations none of the banks has the problem of non-availability of currency. In case of theft of cards or frauds there is no risk for any customer. Since the banks have the control on currency, they restrict the access to customers for a fixed time. This helps them to recover the losses and prevent loss. With the help of borderless prepaid card there is no such restriction. So, it can be said that the customer gets increased return on investment.
Another important feature of borderless prepaid card is that it is totally safe and secure. In the case of recently conducted electronic money transfer the customer is not provided any security details by the bank or other money services provider. But in case of online shopping in India, the customer's personal details are much safer. The most important thing about India is that it does not have any terrorist attack of any cash in the recent period, which makes the online transaction safe.
The fifth reason why we should prefer to have borderless prepaid card is that it supports atms of most of the currencies in the world. In fact there are only three currencies supported by banks in India. It is the dollar, euro and pound. One can easily transfer money from one US dollar to another using a pound atms. If we want to withdraw local currency from an ATM then it will not be possible.
Thus, we can say that we can enjoy a complete monetary freedom if we use borderless prepaid card. We can transact in different currencies by using it. This will not only give us the chance to convert our money but also save a lot of money. There is no other car like it which offers such facilities to the users. The seventh reason why we should have a borderless prepaid card is that it is very easy and simple to use. Moreover, there are many items which are available in different states of the country.
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