Why Use The Ko-kard Payment System?
Working remotely with clients from around the world
, can be an amazing and extremely rewarding experience. Thanks to the internet, we are able to communicate and work with individuals and businesses in countries miles and miles away from our homes. This can also present some significant challenges when it comes to processing and receiving payment for the services you provide.For virtual assistants and freelancers based in the States, payment can generally be easily navigated, because clients can use typical methods of sending funds, like wire-transfers, checks, direct deposits and money-orders with little to no difficulty or added cost. For virtual assistants based abroad, in countries like the Philippines for example, receiving payment can be a bit more challenging. Typical international money transfers can be costly, and even some free methods like Paypal, can take several days to process, and then even longer to get the money out of your Paypal account.
Ko-Kard is a unique online payment alternative in the Philippines specifically that tries to circumvent the challenges involved in receiving international money transfers.
Ko-Kard is extremely similar to Paypal, but actually functions more like a prepaid debit card. The card itself is connected to Banco de Oro Philippines, and can be used like any other debit card at ATMs and stores across the nation.
Heres how it works. The client signs up for a Ko-Kard account with his or her credit card. Once their card is verified, and Ko-Kard has reason to believe that the client has enough funds on hand to actually make payments through their system, he or she can then issue cards to their freelancers, like you! Once you have received your card, your client can send you payments that you can usually access within 24 hours.
When your client issues you a Ko-Kard, you will be contacted by the company to email your information for identification purposes and your mailing address. You then receive a PIN number via phone, which you can use when using your new card at an ATM. Once you receive the card, you are ready to receive payments; there is no waiting or activation period!
Receiving money is really simple with Ko-Kard. Your client will send you funds as per your contract, whether you get paid weekly or at the end of a project, and you are able to withdraw your funds using your card.
You dont even need a bank account to use Ko-Kard, you can withdraw funds at a variety of Filipino banks and ATMs and swipe your card at stores, without a problem.
This is a great way to avoid some of the challenges that plague freelancers when receiving payments from international clients. Even though some online money transfer sites like Paypal offer both debit and credit card services the process to receive them can be lengthy and very strict. They may also have restrictions on where the card can be used internationally.
Ko-Kard compares itself to Western Union on their website, and the comparison shows that there is no competition. With Ko-Kard, you have the following benefits:
ATM Withdrawals
The ability to receive funds without ID
You can receive money 24 hours a day
You can use the card at retail stores and
You dont have to stand in line or fill out any forms
This payment method is really changing the way Filipino freelancers get rewarded for their hard work.
Read more: http://www.virtualassistant.ph/why-use-the-ko-kard-payment-system/
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