Archives: Payment Options

Wire Transfer Wire transfer, or credit transfer as it is also known, is a way of transferring funds from one person or institution to another by electronic means. Wire transfers can be made between bank accounts, or through a transfer of money at an appropriate financial office. There is a wide variance of options relative … Read more

Cheque payments Cheques (or Checks in US English) are small documents that give order to banks to pay money from a bank account. The person who writes the cheque is known as the drawer, and must have a transactional bank account against which the cheque is drawn. The cheque usually contains the amount to be … Read more

Quick Pay Quick Pay is a electronic payment system that has been created by the leading US company Western Union. The Quick Pay system links a customer’s Western Union account to the merchant account that the customer wishes to pay. The money needed to settle the transaction is paid into the Western Union account, either … Read more

BACS BACS is a scheme for the automated electronic processing of financial transactions within the UK. BACS previously stood for Bankers’ Automated Clearing Services, but now ‘BACS’ is the name of the system in its own right. All direct debits from customers to merchants and direct deposits are made using the BACS system. BACS payments … Read more

Visa Electron Visa Electron is a debit card that’s used across most of the world, with the exception of Australia, Canada, Ireland and the United States. These four countries just use the usual Visa Debit card, and indeed the Visa Electron card was introduced in 1985 as a sister card to the Visa Debit card. … Read more

Western Union Western Union is a communications and financial services company based in the United States, with its headquarters in Meridian, Colorado. It is one of the most well-known and longest-surviving companies in the USA, have been in business since its founding in 1851. Western Union first came to prominence in the last 1800s when … Read more

Mastercard Mastercard, or Mastercard Worldwide to give the company its full name, is an American multi-national financial services organisation. The company was founded as ‘Master Charge : The Interbank Card’ in 1966, and was renamed Mastercard in 1979. Mastercard owns the brands Mastercard, Maestro and Cirrus, and along with Visa and American Express is one … Read more

Maestro Maestro is a multi-national debit card system that is owned and administered through Mastercard. Maestro cards are debit cards that can be used to make real world purchases, debiting the required funds via the card owner’s bank account. Cards are issued along with a PIN number which allows transactions to be made via a … Read more

Paysafecard Paysafecard is an electronic money system that’s mostly used for making online purchases, and is based upon a pre-paid system. Consumers purchase a paysafecard for a fixed amount, and the card is loaded with an designated about of money. Each paysafecard has a specific 16-digit number that identifies it uniquely. The card can be … Read more

Skrill Skrill is one of the leading global e-commerce brands, and provides an internet payment service for online purchases and monetary transfers. It currently rivals PayPal and Neteller as the number one provider of eWallet solutions. Skrill allows customers to make payments online without incurring substantial fees. Merchants can accept internet payments via the Skrill … Read more

Visa Debit Visa Debit is one of the major brand names in the world of personal financial transactions. Visa Debit cards are issued in countries all over the world, by banks and other institutions. Visa Debit cards allow customers to pay for retail items and services both in real-world stores and online, with the money … Read more