How to Send Money Using iKobo
iKobo is an online payment processor. It can be used to send money to anybody. The main advantage of using iKobo is that there is no direct payment to the recipient. The recipient is sent a card via which he can withdraw money from any ATM.
How does iKobo Work?
After opening an account with iKobo, a prepaid credit card is sent to the recipient. He can withdraw money from ATMs with the card or use it to make purchases. The fund for the card is from the sender’s bank account or credit card.
Benefits of using iKobo
- It is convenient; money can be transferred sitting at home.
- The process is safe as financial details are not shared.
- The card is reloadable which means that when the sender wants to send money to the recipient again, he can use the same card.
- The iKobo card can be used worldwide (wherever Visa cards are accepted).
Steps to use iKobo
- The first step is to create an iKobo account. Begin by clicking the "Sign Up" link on the iKobo homepage.
- Next enter the personal information and the verification code as requested. Agree to the terms and conditions of the iKobo site. Press "Continue."
- Information regarding the recipient and the amount to be sent has to filled in. Press "Continue."
- A confirmation is sent to the user regarding the amount to be sent.
- The final step is to wait for iKobo to send an iKobo prepaid Visa card to the recipient. Once the recipient receives the card, he can use it to withdraw money or make purchases.
- The fee for using iKobo is shown under the "Fees" heading on the iKobo homepage.
Using iKobo is easy and convenient. It is very safe too.
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