Dodging Digital Payments – Be Aware of Payment Processing Fees

With the world going digital in the new millennium, it is no wonder that digital payment systems are getting increasingly popular. You can find many e-wallet services today, which are rivalling cash payments – with development in technologies. The 3 main e-wallets that are available today work together effectively with a fee setup. Find out about the issues including payment processing fees that you need to be aware of, in order to dodge digital payments.

PayPal

It is one of the most popular digital money transfer services, and deals with 26 various types of currencies. Before 2015, it was an eBay subsidiary. Today, it is an industry giant. However, you should know something about the charges involved in the PayPal transactions. Within the UK, you do not have to pay any personal transaction fees to do fund transfers. However, when you move funds between nations you have to pay 3.4% transaction fees and a flat charge of 20p. You also need to pay a smaller 0.4% fee if you pay by bank account or PayPal balance.

Skrill

It is giving PayPal a tough fight in the domain of funds transfer, primarily in popularity and usage. It was launched as Moneybookers in 2001. Similar to PayPal, it allows clients to transfer money across the globe. Payment fees can be incurred due to this reason. However, the transaction fees are higher in Skrill than in PayPal. For regular card payments, the personal transaction fee is in the range of 0 – 2.25%. For Paysafecard, it is 7.5%. There is wholesale exchange rate of 3.99% in the currency exchange. This is added to any international payment, irrespective of the nation.

Neteller

It is one of the safest and most convenient to use e-wallet systems around. It was set up in 1999 and is reliable – with a high security encryption level that makes use of superior and sophisticated technology. The currency exchange fees depend on the kind of account that you are using. While regular users have to pay 3.99% fee, VIP members can do with around 1%.

Each of the platforms has a transaction fee, but that should not be a deterrent for you to use them. While PayPal is the most competitive for standard transactions, each system comes with its own benefits. You have to weigh the pros and cons of each platform, other than the payment processing fees, to choose one over the others.

3 Tips to secure your future

If you want to secure your future career but you don’t have any idea how to do, I will guide you that will help you alot. Securing your future is possible if you start saving money and invest. Many people spend alot of money in things that are just useless.

I have 3 ideas and tips that are really helpful for you people.

  • Eliminate your debt:

If you really want to live a happy and rich life, first of all you have to get rid of your debt. Debt is something that won’t let you live a happy life. You can’t invest in yourself till your debt isn’t eliminated from your life.

First, I would advice you to not take loan but if you really need it, try to return quickly.

Most of the people feel guilty of their dept and they hide this reality from themselves and think they have no debt to get rid of but that’s not the solution, accept the reality and try to get out of your debt.

If you took the decision of getting out of debt then go through it. If you see the numbers of your debt is high, just keep in mind two things:

  • There are many people with more debt than you.
  • From this time the number of your debt is going to decrease

Start investing in your 20s:

It’s the best idea to invest your money from your 20s and you will not worry that you do nothing.

Think you are under 30 and you invest $500 per month until your 60, think how much money do you think you have in your 60? You won’t need any help from anyone. You will be a millionaire if you act on this tip. You can go with Low-cost diversified index funds to invest money.

  • Seek extra knowledge:

If you are studying don’t afraid to ask question related to that field. Seek more knowledge from books, courses or schooling. After that you can live a truly happier life.

Don’t think that knowledge related only to your career will help you but every type of knowledge is important.

More knowledge and extra education will let you make more money which in turns can be invested further for your future. This is important to keep your thirst for education constant.

Hope you get some knowledge by reading this article.

 

Highstreet Banks are closing in Britain – How Will This Affect You?

That the British Banking industry has not been going great guns since 2010 is nothing new, with many local branches closing down. More additional branches can be expected to close down in the coming years. Most of the top banks in the UK have put out long lists with names of local branches that they are supposed to shut in 2018, and these could be as many as 525. Banks are attributing this change to a rise in online transactions and a consequent decline in the number of customers approaching banks. But what do such closures mean for highstreet banking in Britain and how it will affect you? Read on to find out.

Going the distance

The rise of online banking has made transactions easier, and you do not need to rush to your local branch for everything – whether it comes to funds transfer, changing your ATM pin, updating your address, making enquiries about account balance etc. However, if you are not sufficiently computer literate or lack internet access for online banking, you need to travel a longer distance to access the nearest branch.

Difficulty in securing small business funding

Closures of local branches can also make it tougher for you to secure funds for your local small business than ever before. Although most people will face no problems or only minimal issues, people from some communities are likely to face hurdles when it comes to getting funds and handling finances. It is therefore, up to the banking companies to decide how to ensure that local communities do not fall back in the business sector.

Training solutions

Banks cannot afford to lose out on customer satisfaction, and the British Bankers Association has recently mentioned that it does not wish to leave any business or customer behind. Thus, you can expect banks to offer training to customers in using web-based systems for transactions and other related banking activities. New guidelines are going to come to effect this year, and banks are going to train some of their staffs to use the internet or other methods for banking and transferring the knowledge to elderly people or disabled individuals in their family or social group.

While these are some of the immediate impacts that are visible on the horizon, the long-term impact is difficult to predict in entirety. You need to wait and watch to see where modern British banking heads to after the closure of multiple local branches.

Let’s Talk About Bitcoin

Bitcoin has experienced many highs and lows these past few weeks that have made investors both interested and wary of the product. Some consumers are considering the possibility of staking a claim in the digital currency because they are convinced that cryptocurrency is the new wave of local and international trading. So what is Bitcoin and why should consumers be concerned about its successes and failures?

What is Bitcoin?

Bitcoin is a form of cryptocurrency that has its existence in data only. The cybermoney has no value outside of its digital sphere, which makes it different from traditional bank accounts in which currency online is backed by real dollars and coins that are withdrawable at the consumer’s financial institution. Still, even with its lack of value outside of the cyber world, Bitcoin is a safe way to trade anonymously online because of its encrypted digital wallet that can either be saved online or printed and kept in the office.

What are Bitcoin’s Limitations?

Many financial companies deem Bitcoin as the wave of the future. Corporate Business Solutions reviews, for instance, may even lean towards endorsing the cryptocurrency in the near future. No one, however, can acknowledge or approve of the innovative nature of Bitcoin without also shedding light on its roadblocks. The cybermoney has an impeccable encrypting system that resembles that of an unbreakable chain. Bitcoin also has a public policy that allows anyone to see how much currency is in a person’s wallet. Saving Bitcoins online is convenient, but the repercussions are quite daunting since there is no way to retrieve money lost in a software crash that affects a user’s online wallet. All of these concerns along with the recent rise in cyber thieves using Ransomware to demand cybermoney from users is why some investors are wary of Bitcoins.

Is Bitcoin a Good Investment?

Consumers may not feel comfortable investing all of their savings into a cyber currency model that is still in its infancy, but they should consider contributing some funds to the Bitcoin movement. Japan recently approved the form of cyber money as a legal means of paying for goods. Other parts of Asia are viewing cryptocurrency in a more favorable light as well, and the United Kingdom has plans of rolling out Bitcoin ATM machines in coming months. Even with its recent $300 loss of value in the United States’ market, one Bitcoin still equals more than $2,000 in trading value. Investors looking to expand their portfolios by buying into something with a high probability of turning major profits in the future should consider the Bitcoin.

Wells Fargo Under Investigation for Fake Accounts and ID Theft

California’s Department of Justice is formerly investigating Wells Fargo & Co. for the alleged creation of millions of fake and unauthorized accounts including multiple cases of identity fraud. Attorney General, Kamala Harris joined the multi-agency investigation after warrants and other documents were served on the 5th of last month. Officials are currently working through a trove of information including the names of who the accounts were opened for, fees, who created their accounts, line managers, internal correspondence and so on.

While Harris is unable to comment on the ongoing case, Wells Fargo’s Mark Folk has stressed that the bank is open and cooperative with investigations. It is thought that these allegations go back as far as 2011. Papers uncovered by the LA Times suggest that the bank is accused of breaking 2 sections of the California penal code. The first breach is the outlawing of select forms of impersonation. In addition, they are accused of breaching the law against unwarranted use of a customer or client’s personal file. Any employees found guilty of breaching these laws can face up to 1 year in prison.

Currently, it is uncertain whether more laws have been broken, though there are suggestions that the violations may go beyond the state of California to other states as well. Furthermore, it is not yet known whether individual employees will be prosecuted or whether prosecutions will focus on mid-level or senior management, or the company as a whole. However, we do know that federal bank regulators in conjunction with the Attorney’s Office for the city of Los Angeles did agree a settlement with Wells Fargo over the fabrication of unauthorized accounts worth $185 million.

As well as this financial settlement, the controversy has already claimed one person. Wells Fargo CEO John Stumpf took early retirement after a much criticised performance in front of Congress. Questions are also being asked of retired bank executive Carrie Tolstedt.

While the investigation looks at various activities the press, regulators and investigators seem to be paying precious little attention to the plight of the real victims – those whose identities were stolen. Signatures were forged, money was transferred from legitimate customer accounts to the new, unauthorized ones to create a sense of realness and this has impacted many of the victims. Many only found out when they were sent notices for outstanding fees owed on accounts and policies they had no knowledge of. Such actions cause a high amount of stress in individuals, couples and families with untold consequences to the financial wellbeing, mental wellbeing, and physical wellbeing of these victims.

Great Ideas To Help You Manage Your Personal Finances

Ensure financial issues remain a problem from your past by applying these tips to improve your personal finances. Here you will find tips and techniques about maintaining good credit, budgeting for your lifestyle, as well as, other money related issues that you may need help with.

If this is the wrong time for you, you should not sell. If you’re getting good money from a certain stock, leave it alone for a period of time. Try to look what stock you have and move them around to better suit you.

Keeping track of all of your expenses is important towards developing a solid plan for the future. If you do write it down then put it aside until the next day, you don’t always have to stare at it and may forget about it. If you list your expenses in a noticeable area, such as on a marker board, this may help. That way, you see it more frequently.

If you want improved personal finances, avoid debt whenever you can. While certain debts are unavoidable, like mortgages or college loans, toxic debts such as credit cards are best avoided at all costs. If you borrow as little as possible, you can avoid paying costly interest charges.

Use two to four credit cards to enjoy a satisfactory credit report. One card will not sufficiently build up your credit. Over four cards can drag your score down and be difficult to manage. Begin with just two cards to raise your credit; you can always add more when it becomes necessary.

Patience can save you a lot of money when considering your personal finances. A lot of people fall into the trap of buying the newest, best electronics as soon as they are available. But if you exercise a bit of patience, you will most likely see a substantial price decrease on these same items. It goes without saying that the extra money saved on these purchases can be more wisely applied elsewhere.

Buying a car or house are usually the biggest purchases most people make. Paying the interest on these things often eats up a lot of money each month. Pay them down quickly by sending in extra payments or you can use your tax refund money to make the balance go down.

Try to negotiate with any collections agents when they ask for money. Debt collection agencies purchase the debt for a fraction of what was originally owed. A collections agency is still making a profit if you pay just some of your balance. Keep this in mind when you work with collection agencies to resolve your debt.

The basic points of personal finance have now been covered. Once you have identified potential problem areas, you are better prepared to address and avoid them. It’s time that you get serious about your financial situation so you can be financially secure in your life. It takes hard work, self-control and intelligent spending. Use the things you’ve learned here to get yourself ready to be more financially stable.

A Short Guide On Forex Brokers

The Forex traders need Forex brokers to act as a link between Forex market and them in order to facilitate the execution of trade orders and other activities. A broker is an individual or a company which buys or sells currency orders according to the decision of the investor. The brokers earn money by the way of commissions, fee or through spreads. A Forex broker has to be registered with a big financial institution like bank which provide the funds required for facilitating margin Forex and CFD trading. For protection against frauds and abusive trade practices it is necessary that a broker is registered with a regulating body. In Unites States a broker should be registered with Commodity Futures trading commission (CFTC) or Futures Commission Merchant (FCM).

Searching for Forex brokers
Before you start trading Forex you need to set up an account with the Forex broker of your choice. When you search for the Forex brokers you may be overwhelmed by the number of brokers offering the services online. But the best thing is to research for some time in order to understand the services and fees charged by different brokers

How to select a good Forex broker?
Selecting a good broker for your Forex and CFD trading needs is important because only a good broker can help you in trading effectively and successfully. The best option to know about some good Forex brokers can be the word of mouth. Ask your friends and colleagues if they know a good broker and whether they have used the services of a good Forex broker. Ask recommendations about some good brokers in your area which your friends and colleagues might know.

The other good method of selecting a good broker is to search about some FX brokers online and contact them to know about them better. By knowing their service response time and answering your questions you can get to know about the quality of service they can provide. Also check all the fee and commission structure with them and ask about every policy they have.
A broker who provides fast order delivery with minimum or no slippage is the best. The policies regarding slippage should be clear and the automatic execution of orders should be offered. They should be able to provide you the information that how much slippage can be expected under both fast moving and normal conditions. Check out the brokers like the one at xtrade, CFD trading services is what they offer, but they also offer reliable Forex services.

Know about the fees, what are the spreads offered? What are the requirements of margin and how it is calculated with them? Know everything you can know before you select a broker if you are looking to engage in Forex or CFD trading. Make everything clear and be sure about all the policies and their implications on you.
A good method is to try the demo account offered by Forex brokers which helps you to trade real time with demo money. You don’t need to worry about the money losses and you can test the platform and services of the broker first. After you are satisfied you can go ahead with a live account with the broker.

Going Bankrupt? Best Advice You Need Right Now

If your financial situation is real bad and you’re looking at bankruptcy, then stop worrying. One great advantage of the Internet is that we can always find the information we need to deal with even the most complex situations, such as personal bankruptcy. Read through these tips to avoid going bankrupt.
 
Individuals often seek to file for personal bankruptcy protection if their debts exceed their ability to repay them. When you are faced with this issue, begin to familiarize yourself with your state’s laws. Bankruptcy laws vary from state to state so it is important to do your research. In some states, your home is protected, while in others it is not. You should be familiar with the laws for your state before filing for bankruptcy.
 
It should go without saying, but refrain from lying in your bankruptcy filings. Resisting the temptation to hide income or valuable assets from the bankruptcy trustee is a smart way to avoid potential complications, penalties, and the possibility of being barred from re-filing in the future.
 
Don’t hide assets or liabilities when filing for bankruptcy. It is necessary to be open regarding both the positive and negative aspects of your financial life. Do not hold anything in secret and create a strategy on how you will deal with the things you are facing.
 
Be sure to enlist the help of a lawyer if you’re going to be filing for bankruptcy. Bankruptcy is complicated, and having someone to help you navigate the process is crucial. A bankruptcy attorney can advise you on how proceed properly.
 
Remember to only file for bankruptcy if you need to. It may be that all you really need to do is consolidate some of your debts. It can be quite stressful to undergo the lengthy process of filing for personal bankruptcy. It will also limit your ability to get credit for the next few years. This is why you must make sure bankruptcy is your last resort.
 
Thing about filing a Chapter 13 bankruptcy. You are eligible to file Chapter 13 bankruptcy if your income is reliable and your unsecured debt does not exceed $250,000. When you file for Chapter 13, you can use the debt consolidation plan to repay your debts, while retaining your real estate and your personal property. Generally, this stays in effect for up to 5 years. Afterwards, your unsecured debts clear from your accounts. Stay mindful that should you for any reason miss even one plan payment, your whole case is going to get thrown out by the court system.
 
Do not forget to enjoy life a little once you get through the initial filing process. Many people feel a lot of stress while they work through the bankruptcy process. Depression and burn-out from pent of stress will do nothing to help your situation, so it is critical to let go a little. Life will get better; you just need to make it through the bankruptcy process.
 
Planning can make all the difference in the world. Just try and buy yourself a little time and see if you can get your finances back in order. If possible, just try to avoid filing for bankruptcy. So get to it and devise a plan so that you do not have to file for bankruptcy.