Paysera is one of the earliest banking accounts that was founded in 2004 but it had a temporary name. The company grew with time and people were able to acknowledge the comeback. They were now bigger and better because of the technology that facilitated online transactions and the development of mobile apps that could be used to facilitate transactions. Well, in this review I will provide everything that you need to know about paysera. So let’s get into it.
What is Paysera banking Review
Paysera is now one of the most competitive banking institutions that are motivated to ensure the electronic payment methods are upheld. As a result of this, it has declared that they can offer money transfer supervises at favorable prices. You will expect a spot contract in its online platform This involves making a single payment on the available currency exchange rates from one currency to the other. This can be achieved by logging into your account either via the app or website and you make faster transfer easily.
Additionally, it is very useful for those people with recurrent expenditures. There is an automatic debiting of future payments to make it more effective. Paysera also allows you to receive various denominations of currencies. This is useful especially if you receive currencies from all over the world. It plays the role of a foreign bank account.
Additionally, opening a paysera account is simple. Once your account has been approved you will use it within the SEPA system that facilitated free transfer to other EU regions. Therefore, you can use it without incurring any fees or commissions. Transfers between paysera users are free. This makes it a more economical option because you will not incur extra charges.
Sending money to your family and friends who have paysera accounts has been made more effective. It also works great for e-shop businesses. This has made it easy for customers to make their online payment without delays or extra charges. It is also best when it comes to making payments for event tickets. Therefore, with all those, it is justifiable to say that paysera is what you need.
What can you do with Paysera
Paysera money transfer
Paysera allows you to make cheap and quick money transfer to over 30 countries The money can be sent to a bank account but it is easy if the user has also a paysera account. It is important to understand how the business model works before you use the currency transfer service. Other banks charge 5% of the total transfer made while paysera charges a fee of 7 euro. Its rates are better than those from the other conventional banks. However, it is free to transfer money between paysera users which is quite commendable.
Once you have to transfer your funds with Paysera the transfer speed will depend on the amount that you transfer and the bank that you are sending the amount to. The average time that it takes is between 3-5 days for the recipient to access the funds.
Having a paysera account allows you to to create paysera tickets and sell them online. These tickets could be for sports events and any kind of festival. Therefore, people can buy it using different payment options after which they will access it as an e-ticket straight on their mobile phones.
The Paysera Bankcard
The Paysera Bank Card allows you to access the ATMs through a prepaid Debit card. These cards can only be used within the European economic area. You must ensure it is activated within the Paysera account. If you are an entrepreneur and you want to order the card you might have to pay 5 euro while ordinary users will pay 3 euro. Additionally, there is a monthly fee of 0.45 euro which has to be paid in advance. If you make a transaction via ATM you will be charged a service fee of 1 euro. However, if you withdraw other currencies apart from the EURO you will pay a 1.8 %of the amounts you want to withdraw.
Is Paysera safe
Let us have a look at some initiatives that paysera has adopted to ensure it is safe for all.
Accessing the paysera website is secure than ever because it is protected with TLS encryption that safeguards the confidentiality of your data.
The bank of Lithuania declared paysera as one of the licensed e-money institutions that have the right to execute their banking activities which involves payments and issuance of e-money anywhere in the European Union.
Customer funds are held on trust
Customer’s funds are secured because of the standards that were imposed which required the bank to have a segregated account to ensure the customer funds are secure.
Paysera credit card
You can easily apply for a paysera credit card at a lower fee especially if you want to use it to make small recurring expenses. Paysera credit cards can allow you to withdraw money or make payments anywhere around the world.
In a nutshell,paysera is one of the most reliable online banks. There are no maintenance fees and you can access credit cards at a cheaper fee compared to other conventional banks. It is very secure and you can rely on them because they have taken adequate security measures to ensure all your transactions are done securely. The only downside is that you will not be eligible to get a card if you are not a resident in Europe.