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It's been more than six months since the rules surrounding credit card fraud changed, driving a shift from old magnetic-stripe credit cards to cards embedded with EMV chips.
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Paysend has worked on card-to-card transactions instead.
In addition to card-to-card transfers, the company will differentiate its product from its competitors even further over time.
This card-to-card transfer feature has already been live for a while as a standalone product.
You can apply funds to your card through direct deposit, swipe reload at retailers, via reload cards or through card-to-card transfers.
Do you have a chunk of credit-card debt that you keep bouncing from card to card to take advantage of an attractive balance transfer offer?
Eventually, I pin those cards to an actual (not virtual) corkboard and begin a search, not so much for order but movement, ways to move from card to card.
Interest rates vary from card to card and according to how you use your card – for example, you might pay a different rates for withdrawing cash, for purchases and for balance transfers.
The rewards, however, vary significantly from card to card.
You can also send money from card to card, even to non-MasterCard cards.
Paying off your debt is wiser than moving debt from card to card.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com