Online Auction User Benefits
Ikobo is a convenient new online payment site for international payments and electronic funds transfers. Many people who might not have been accepted for a regular merchant account or other internet money transfer site, find Ikobo is the answer.
Why? When you send money through their service, they send the person you have chosen a VISA check card called an 'i-Kard' with funds on it. This is useful if you have friends or family in a rural area of a large country like India, Brazil, the Philippines, Russia, etc who don't have web access but who have an ATM machine in their local town or city.
These i-Kards are reusable, and you can add new funds to them within 30 seconds, according to the folks at ikobo. The i-Kards can be used in over 800,000 locations worldwide: you can withdraw cash at any machine where you see the Visa or Visa Electron symbol. You can also use your card just like a VISA check card, and pay for goods and services directly.
Whenever you have money put into your account from family, friends, or clients, you can just log-in and click withdraw, and iKobo will send the cash out on an iKard immediately. For new accounts, they send you a new iKard- for established accounts, they will refill your existing card and you simply withdraw the money at your leisure.
Within the US, Canada, and Trinidad, the i-Kards can be picked up at any authorized Ikobo outlet- outside these locations, they are delivered via private courier. We requested that ours be sent via FedEx (a $1.99 charge in the USA) which they honored with no fuss.
If you are looking for low cost pricing for an electronic funds transfer, this is an option you should consider!
